Multifamily Apartment
1222 E 52nd Street Chicago, IL 60615
1222 E 52nd Street, Chicago, IL, 60615
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For Sale
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For sale multifamily apartment building listed with a 7.99% CAP rate and 7.99% CAP-rate positioning.
Property Size7,800 SF
Price / SF$195.51
Days on Market36
Property Features for 1222 E 52nd Street
General Information
- Standard status
- Active
- Size
- 7,800 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1913
Listing agency
Matthews
Listed by
Bryan Kunze · License #475162316
Source
Crexi
Added: Jun 17 Updated: Jul 22 at 12:16PM Checked: Jul 22 at 12:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Investment Insights
Based on property information with market context.
This multifamily apartment building is offered for sale and includes a stated 7.99% CAP rate. The property is listed at $1,525,000 and has a property size of 7,800.
The building is located at 1222 E 52nd Street in Chicago, IL, about 10.5 miles from the University of Chicago.
This listing is presented as an income-focused multifamily offering based on the provided CAP rate and pricing information.
The building is located at 1222 E 52nd Street in Chicago, IL, about 10.5 miles from the University of Chicago.
This listing is presented as an income-focused multifamily offering based on the provided CAP rate and pricing information.
Key Highlights
- Multifamily apartment building built in 1913
- Listed with a 7.99% CAP rate
- Located about 0.5 miles from the University of Chicago
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $229.3k | $29.40 |
| − Vacancy | −$11.9k | −$1.53 |
| EGI | $217.4k | $27.87 |
| − OpEx | −$97.8k | −$12.54 |
| NOI | $119.6k | $15.33 |
7,800 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.71M
$1.49M – $1.99M
NOI $119,567 @ 7.0% cap · market cap 7.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.68M
$3.22M – $4.29M
NOI $257,437 @ 7.0% cap · market cap 16.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - For sale multifamily apartment building listed with a 7.99% CAP rate and 7.99% CAP-rate positioning.
Where is this apartment building located?
The property is located at 1222 E 52nd Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,525,000.
What are key features of this property?
This property features: Multifamily apartment building built in 1913; Listed with a 7.99% CAP rate; Located about 0.5 miles from the University of Chicago
