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.

The stats captured in the summary of each property are the address and 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 7% 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 the methodology by which we run our analyses, as well as this disclaimer on the nature of the information provided and the fact it is based on potentially incomplete information and while, we do our best, there is no guarantee of accuracy. 

South Side

Address: 4244 S Wabash Ave, Chicago, IL 60653

Price: $949,000.00

Cap Rate: 5.85%

GRM: 11.1

Monthly Cashflow at 25% Down: $ (111.19)

Analysis Link: https://docs.google.com/spreadsheets/d/1QpsKTf8TZwytzRVoL9KFF6mm8KjbnZ4wp6rqACZuB8U/edit?usp=sharing 

Website: https://zenlist.com/listing/mred:12133945?as=jake.lyons 

North Side

Address: 2415 W Warner Ave, Chicago, IL 60618*

Price: $1,149,000.00

Cap Rate: 5.42%

GRM: 12.4

Monthly Cashflow at 25% Down:  $ (545.91)

Analysis Link: https://docs.google.com/spreadsheets/d/1610rvQv9OwxbcMk9Dkiexxcznkm7tcY003ShP5DXaZM/edit?usp=sharing 

Website: https://zenlist.com/listing/mred:12165005?as=jake.lyons 

Address: 3343 N Sheffield Ave, Chicago, IL 60657

Price: $1,149,000.00

Cap Rate: 3.58%/5.39%

GRM: 16.3/12.3

Monthly Cashflow at 25% Down: $ (2,301.01)/$ (568.51)

Analysis Link: https://docs.google.com/spreadsheets/d/1HNr4TIGSHRz_O8cCnyDuD68rHhuO727itAYaot8scbA/edit?usp=sharing 

Website: https://zenlist.com/listing/mred:12168653?as=jake.lyons 

Address: 213 W Wisconsin St, Chicago, IL 60614

Price: $1,149,000.00

Cap Rate: 4.59%

GRM: 13.7

Monthly Cashflow at 25% Down: $ (1,337.10)

Analysis Link: https://docs.google.com/spreadsheets/d/1tnQNrUDF5fkTu28BorwoLgoHHBpfDXAIidG14jZuFok/edit?usp=sharing 

Website: https://zenlist.com/listing/mred:12164922?as=jake.lyons 

Address: 1941 W Roscoe St, Chicago, IL 60657

Price: $1,375,000.00

Cap Rate: 5.32%

GRM: 11.7

Monthly Cashflow at 25% Down: $ (760.88)

Analysis Link: https://docs.google.com/spreadsheets/d/1ac6eWmxG9izTODxEGmVxtNZedvB_xnFyN7lnmHvt4DU/edit?usp=sharing 

Website: https://zenlist.com/listing/mred:12167913?as=jake.lyons 

Northwest Side

Address: 5514 W Berenice Ave, Chicago, IL 60641

Price: $555,000.00

Cap Rate: 7.34%

GRM: 9.3

Monthly Cashflow at 25% Down: $ 626.36

Analysis Link: https://docs.google.com/spreadsheets/d/1v5Nfy-r7TBORLutxXoX6scoPahbrKI6OWP2AajUvP0g/edit?usp=sharing 

Website: https://zenlist.com/listing/mred:12168521?as=jake.lyons 

* Means that analysis was performed using estimated rents rather than rates of current occupancy