7-Unit Renovated Apartment
For Sale
$1,100,000
140 W 66th Street, Chicago, IL 60621
Each residence has central air, laundry, stainless steel appliances, and updated kitchens and baths.
Property Size6,000 SF
Price / SF$183.33
Days on Market48
Property Features for 140 W 66th Street
General Information
Standard status
Active
Size
6,000 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Park Manor
Units
Unit Mix
1 x 3BR/1BA garden unit, 1 x 2BR/1BA, 3 x 3BR/1BA, 2 x 3BR/1BA (larger)
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$6,885
Amenities
in-unit laundry
central air
new rear porch
Building Details
Building Size
6,000 SF
Year Built
1903
Listing Agency:
Coldwell Banker Realty
(312) 890-9922
Listed By:
John Sciberras
Source:
Purveyproperties
Added: Sep 15
Changed: Oct 31
Last Checked: Oct 31 at 3:16AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 6,000-square-foot apartment building contains seven renovated residences. The unit mix includes one 2-bedroom/1-bath apartment and six 3-bedroom/1-bath apartments, including a garden unit. Interior improvements include updated kitchens and bathrooms, stainless steel appliances, in-unit laundry, and central air in each residence.
Building work included a new roof and rear porch, with renovations completed under permits. The property was built in 1903.
Building work included a new roof and rear porch, with renovations completed under permits. The property was built in 1903.
Key Highlights
- Seven apartments totaling 6,000 square feet
- Unit mix includes one 2‑bedroom/1‑bath and six 3‑bedroom/1‑bath residences
- Each apartment has in‑unit laundry, central air, stainless steel appliances, and updated kitchens and baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,975
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,839,500
$1.8M
Cap Rate 7%
$1,313,929
$1.3M
Cap Rate 9%
$1,021,944
$1.0M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$176.4K $29.40/SF
− Vacancy
−$9.2K −$1.53/SF
EGI
$167.2K $27.87/SF
− OpEx
−$75.3K −$12.54/SF
NOI
$92.0K $15.33/SF
Area
Chicago, IL
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,839,500
Cap Rate 7%
$1,313,929
Cap Rate 9%
$1,021,944
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $91,975 @ 7.0% cap · market cap 8.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.83M
$2.48M – $3.30M
NOI $198,029 @ 7.0% cap · market cap 18.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
656
Businesses Nearby
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Business Placement
Demographics for 60621, IL
29,570
Population
15,348
Households
1.9
Avg Household Size
36
Median Age
12%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
7,782
Density / Sq Mi
$33,235
Median Household Income
$29,961
Median Earnings
$1,017
Median Rent
$161,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence has central air, laundry, stainless steel appliances, and updated kitchens and baths.
Where is this apartment building located?
The property is located at 140 W 66th Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Seven apartments totaling 6,000 square feet; Unit mix includes one 2‑bedroom/1‑bath and six 3‑bedroom/1‑bath residences; Each apartment has in‑unit laundry, central air, stainless steel appliances, and updated kitchens and baths
