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7-Unit East Garfield Park Portfolio
Chicago, IL East Garfield Park

$1,500,000 USD

Multifamily For Sale • 7,192 SF

2 Properties View all

Property Details

Property Type Multifamily
Cap Rate 7.49 %

77 Transit Score

80 Walk Score

                
                    Highlights
                
                                Turnkey Portfolio – Rare opportunity to acquire 7 fully leased rentals in East Garfield Park.
                            
                                Prime Location – Minutes from the United Center, Downtown Chicago, public transit, and expressways.
                            
                                Strong Demand Drivers – Neighborhood is one of Chicago’s fastest-rising markets, ensuring long-term appreciation potential.
                            
                                Modern Amenities – Each unit includes in-unit laundry, central HVAC, private patios, and upgraded finishes for maximum tenant appeal.
                            
                                Parking Advantage – Two tandem parking spaces per unit (14 total), a rare amenity in the city.
                            
                                Outdoor Space – Extra-deep 200’ lot with a 65-foot backyard, ideal for tenant enjoyment or future development.

Financial Summary (Actual)

Net Operating Income: $112,400 USD (2024)

Cap Rate:	7.49 %
Total Expenses:	$46,156 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Kedzie Station (Union Pacific West Line - Northeast Illinois Regional Commuter Railroad (Metra))	1 min	11 min	0.6 mi
Western Avenue Station (MD-N/MD-W/NCS) (Milwaukee District North Line - Northeast Illinois Regional Commuter Railroad (Metra), Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra), North Central Service - Northeast Illinois Regional Commuter Railroad (Metra))	4 min	-	1.5 mi
Transit/Subway	Drive	Walk	Distance
Kedzie Station (Green Line) (Green Line - Chicago Transit Authority "L" Trains (The "L"))	1 min	8 min	0.3 mi
California Station (Green Line) (Green Line - Chicago Transit Authority "L" Trains (The "L"))	1 min	9 min	0.4 mi
Kedzie Station (Union Pacific West Line - Northeast Illinois Regional Commuter Railroad (Metra))	1 min	11 min	0.6 mi
Conservatory-Central Park Drive Station (Green Line - Chicago Transit Authority "L" Trains (The "L"))	2 min	17 min	0.9 mi
Airport	Drive	Walk	Distance
Chicago Midway International	19 min	-	9.6 mi
Chicago O'Hare International	48 min	-	17.5 mi

Tim Lorimer 630-546-0254 Compass

7-Unit East Garfield Park Portfolio Chicago, IL East Garfield Park