7201-7217 N Western Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
7201-7217 N Western Ave
21 Unit Apartment Building $3,661,953 CAD ($174,379 CAD/Unit) 7.27% Cap Rate Chicago, IL 60645
Investment Highlights
- Heavy daytime foot traffic
- Great intersection exposure
Executive Summary
606 Realty LLC is pleased to exclusively offer for purchase 7201 N Western, a turnkey, mixed-use building featuring ten (10) residential units and eleven (11) ground-floor commercial spaces, located in Chicago's West Ridge area. Most units have been cosmetically updated with modern kitchens and bathrooms. Each apartment is separately metered with individual tenant-paid heat. The property offers a unique opportunity to acquire a strong, stabilized cash-flowing asset with an in-place cap rate of over 7% from day one.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $3,661,953 CAD | Apartment Style | Low Rise |
| Price Per Unit | $174,379 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 7.27% | Building Size | 18,911 SF |
| No. Units | 21 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment |
| Price | $3,661,953 CAD |
| Price Per Unit | $174,379 CAD |
| Sale Type | Investment |
| Cap Rate | 7.27% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 18,911 SF |
| No. Stories | 2 |
| Year Built | 1928 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | - | 800 |
| 1+1 | 10 | - | 1,000 |
1 of 1
Walk Score ®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 11-30-318-009-0000 | Improvements Assessment | $131,458 CAD |
| Land Assessment | $116,114 CAD | Total Assessment | $247,572 CAD |
PROPERTY TAXES
Parcel Number
11-30-318-009-0000
Land Assessment
$116,114 CAD
Improvements Assessment
$131,458 CAD
Total Assessment
$247,572 CAD
zoning
| Zoning Code | B3-2 (supports neighborhood-oriented commercial activity with the option for residential use, making it suitable for mixed-use.) |
| B3-2 (supports neighborhood-oriented commercial activity with the option for residential use, making it suitable for mixed-use.) |
1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
606 Realty LLC
7201-7217 N Western Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.