Chicago Daily Multifam Rerun - 03/20/2025
Mar 20, 2025
Welcome to the Chicago Daily Multifam! In this edition we run a full estimated financial analysis on newly listed 3 and 4 unit properties in the City of Chicago!
(This is the analyses of properties listed ten business days ago. For more up to date information, visit this page.)
The purpose is to capture what a property would rent for in it’s current state as accurately as possible. Potential renovations and updates are not taken into consideration for this analysis. In many cases, a little TLC would in fact change this analysis significantly.
The stats captured in the summary of each property are the address , price, Cap Rate (the rate of return after expenses, not factoring in borrowing costs), Gross Rent Multiplier/GRM (price of property divided by annual revenue), and Monthly Cashflow at 25% Down (currently calculated using 6.5% interest rate and 30 year amortization).
There is also a link to the calculator spreadsheet dedicated to each property, as well as a link to the property page where you can get more information via Zenlist.
Please don’t hesitate to reach out with any questions about specific property analyses, methodologies, or other investment related questions.
Please refer to this disclaimer. Information shared here is for general, educational, and entertainment purposes only and not to be taken as individualized real estate investment advice. These are based on potentially incomplete information and ,while we do our best, there is no guarantee of accuracy. Do your own research and/or contact us for more individualized advice.
Listing data provided by MRED MLS and is deemed reliable but not guaranteed.
Welcome to the Chicago Daily Multifam! In this edition we run a full estimated financial analysis on newly listed 3 and 4 unit properties in the City of Chicago!
(This is the analyses of properties listed ten business days ago. For more up to date information, visit this page.)
The purpose is to capture what a property would rent for in it’s current state as accurately as possible. Potential renovations and updates are not taken into consideration for this analysis. In many cases, a little TLC would in fact change this analysis significantly.
The stats captured in the summary of each property are the address , price, Cap Rate (the rate of return after expenses, not factoring in borrowing costs), Gross Rent Multiplier/GRM (price of property divided by annual revenue), and Monthly Cashflow at 25% Down (currently calculated using 6.5% interest rate and 30 year amortization).
There is also a link to the calculator spreadsheet dedicated to each property, as well as a link to the property page where you can get more information via Zenlist.
Please don’t hesitate to reach out with any questions about specific property analyses, methodologies, or other investment related questions.
Please refer to this disclaimer. Information shared here is for general, educational, and entertainment purposes only and not to be taken as individualized real estate investment advice. These are based on potentially incomplete information and ,while we do our best, there is no guarantee of accuracy. Do your own research and/or contact us for more individualized advice.
Listing data provided by MRED MLS and is deemed reliable but not guaranteed.
Far South Side
Address: 1504 E 74th Pl, Chicago, IL 60619
Neighborhood: South Shore
Price: $350,000.00
Cap Rate: 10.93%
Monthly Cashflow at 25% Down: $ 1,529.66
GRM: 6.1
Address: 8559 S Escanaba Ave, Chicago, IL 60617
Neighborhood: South Chicago
Price: $365,000.00
Cap Rate: 11.23%
Monthly Cashflow at 25% Down: $ 1,685.38
GRM: 5.7
South Side
Address: 7131 S Peoria St, Chicago, IL 60621
Neighborhood: Englewood
Price: $310,000.00
Cap Rate: 8.62%
Monthly Cashflow at 25% Down: $ 757.34
GRM: 7.1
West Side
Address: 1140 S Keeler Ave, Chicago, IL 60624
Neighborhood: North Lawndale
Price: $437,000.00
Cap Rate: 5.66%
Monthly Cashflow at 25% Down: $ (11.89)
GRM: 11.0
North Side
Address: 5936 N Campbell Ave, Chicago, IL 60659
Neighborhood: West Ridge
Price: $689,950.00
Cap Rate: 4.68%
Monthly Cashflow at 25% Down: $ (579.43)
GRM: 13.1
Address: 2233 N Southport Ave, Chicago, IL 60614
Neighborhood: Lincoln Park
Price: $1,600,000.00
Cap Rate: 5.69%
Monthly Cashflow at 25% Down: $ 6.27
GRM: 12.3
Northwest Side
Address: 2418 N Kenton Ave, Chicago, IL 60639
Neighborhood: Belmont Cragin
Price: $549,900.00
Cap Rate: 6.36%
Monthly Cashflow at 25% Down: $ 307.07
GRM: 11.2
*Means that analysis was performed using estimated rents rather than rates of current occupancy
Written and produced by Jake Lyons - @properties | Christie's International
For questions, concerns, or to explore your multifamily goals further, reach out to [email protected], or schedule a time to chat via this link