6700 S Clyde Ave
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6700 S Clyde Ave
13 Unit Apartment Building $3,047,560 CAD ($234,428 CAD/Unit) 7.60% Cap Rate Chicago, IL 60649
Investment Highlights
- Excellent Unit Mix of One, Two & Three Bedroom Units (Many with Primary En-Suites)
- Walking distance from the Obama Presidential Library
- Across from Jackson Park Gold Course & Harbor along Lake Michigan, Lakefront Trails & Beaches
- Very Attractive Assumable Fannie Mae Debt (See OM for details)
Executive Summary
AMAZING OPPORTUNITY TO OWN ONE OF THE NICEST CONDOMINIUMS BUILDINGS IN THE JACKSON PARK HIGHLANDS AREA OF SOUTH SHORE. Assumable Fannie Mae Debt. See "Offering Memorandum" for details.
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts Under Contract
Price | $3,047,560 CAD | Apartment Style | Low Rise |
Price Per Unit | $234,428 CAD | Building Class | B |
Sale Type | Investment | Lot Size | 0.15 AC |
Cap Rate | 7.60% | Building Size | 14,600 SF |
Gross Rent Multiplier | 9.2 | Average Occupancy | 100% |
No. Units | 13 | No. Stories | 3 |
Property Type | Multifamily | Year Built/Renovated | 1934/2015 |
Property Subtype | Apartment | Opportunity Zone |
Yes
|
Price | $3,047,560 CAD |
Price Per Unit | $234,428 CAD |
Sale Type | Investment |
Cap Rate | 7.60% |
Gross Rent Multiplier | 9.2 |
No. Units | 13 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | B |
Lot Size | 0.15 AC |
Building Size | 14,600 SF |
Average Occupancy | 100% |
No. Stories | 3 |
Year Built/Renovated | 1934/2015 |
Opportunity Zone |
Yes |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Storage Space
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Stainless Steel Appliances
- Tub/Shower
- Island Kitchen
- Linen Closet
Site Amenities
- Fenced Lot
- Gated
- Bicycle Storage
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 1 | $1,736 CAD | 800 |
2+1 | 3 | $2,042 CAD | 1,100 |
2+2 | 6 | $2,408 CAD | 1,150 |
3+2 | 3 | $2,711 CAD | 1,200 |
Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
Parcel Number | 20-24-401-035-0000 | Total Assessment | $109,015 CAD |
Land Assessment | $12,199 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
Improvements Assessment | $96,816 CAD | Tax Year | 2023 Payable 2023 |
PROPERTY TAXES
Parcel Number
20-24-401-035-0000
Land Assessment
$12,199 CAD
Improvements Assessment
$96,816 CAD
Total Assessment
$109,015 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023 Payable 2023
zoning
Zoning Code | RM-5 (Residential Multi-Unit) |
RM-5 (Residential Multi-Unit) |
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6700 S Clyde Ave
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