4021 W Belle Plaine Ave
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4021 W Belle Plaine Ave
6 Unit Block of Flats £922,364 (£153,727/Unit) Chicago, IL 60641
Investment Highlights
- Rental Upside
- 6 Parking Spaces
- One Block from CTA Irving Park Blue Line Stop
- On-Site Laundry
Executive Summary
4021 W. Belle Plaine is located in the Old Irving Park neighborhood of Chicago, IL. The subject property consists of (4) 2Bd/1Bath units & (2) 1Bd/1Bath units. There are six surface parking spaces in the rear of the building that are not currently rented at an additional charge. Additionally, there is on-site laundry, the machines are coin-operated - 2 washers and 2 dryers. The building is heated by a hot water boiler system. The rents are well below market and is ready for an upgrade to the finishes to capitalize the strong Old Irving Park rental market. The property is located one block from the CTA Irving Park CTA blue line stop, making it convenient for commuters to both Downtown Chicago and O'Hare International Airport
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £922,364 | Building Class | C |
| Price Per Unit | £153,727 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 5,650 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built | 1964 |
| Apartment Style | Low Rise |
| Price | £922,364 |
| Price Per Unit | £153,727 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,650 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1964 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 4 | £1,036 | 1,300 |
| 1+1 | 2 | £932.18 | 950 |
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Walk Score ®
Very Walkable (86)
Transit Score ®
Excellent Transit (72)
PROPERTY TAXES
| Parcel Number | 13-15-424-004-0000 | Total Assessment | £61,229 |
| Land Assessment | £14,188 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £47,041 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
13-15-424-004-0000
Land Assessment
£14,188
Improvements Assessment
£47,041
Total Assessment
£61,229
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
| Zoning Code | B1-2 |
| B1-2 |
-
James Ziegler -
Marcus & Millichap
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4021 W Belle Plaine Ave
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