6-Unit Apartment
New
For Sale
$1,995,000
1852 W Wabansia Avenue, Chicago, IL 60622
All six residences include in-unit laundry, with occupants responsible for their own gas and electricity.
Property Size4,827 SF
Price / SF$413.30
Days on Market3
Property Features for 1852 W Wabansia Avenue
General Information
Standard status
Active
Size
4,827 SF
Property subtype
MULTI_FAMILY
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x studio, 1 x 1BR/1BA, 1 x 1BR/2BA duplex-down, 1 x 2BR/2BA duplex-down, 1 x 2BR/2BA duplex-up, 1 x 3BR/2BA duplex-up
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$28,116
Amenities
in-unit laundry
Building Details
Building Size
4,827 SF
Year Built
1887
Buildings
1
Listing Agency:
Essex 312, LLC
Listed By:
Niko Apostal
(773) 305-4858
Source:
Harkinsandassociates
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 2:36PM
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 Essex 312, LLC
Investment Insights
Based on property information with market context.
This 6-unit apartment building at 1852 W. Wabansia Avenue contains 4,827 SF and was built in 1887. Its six residences range from a studio to a 3-bedroom, 2-bathroom duplex-up. The mix also includes a 1-bedroom, 1-bathroom unit, a 1-bedroom, 2-bathroom duplex-down, a 2-bedroom, 2-bathroom duplex-down, and a 2-bedroom, 2-bathroom duplex-up. Each apartment has in-unit laundry, and tenants pay for gas and electricity.
The property is in Chicago’s Bucktown neighborhood, near the 606 Bloomingdale Trail and the Milwaukee, North, and Damen avenues intersection. The Damen & Milwaukee/North CTA Blue Line Station is 0.3 miles away, and the Kennedy Expressway is 0.6 miles from the building. Restaurants, bars, retail, entertainment, and nightlife in Bucktown and Wicker Park are nearby.
The property is in Chicago’s Bucktown neighborhood, near the 606 Bloomingdale Trail and the Milwaukee, North, and Damen avenues intersection. The Damen & Milwaukee/North CTA Blue Line Station is 0.3 miles away, and the Kennedy Expressway is 0.6 miles from the building. Restaurants, bars, retail, entertainment, and nightlife in Bucktown and Wicker Park are nearby.
Key Highlights
- Six apartments across six layouts, from a studio to a 3‑bedroom, 2‑bathroom duplex‑up
- 4,827 SF building constructed in 1887
- In‑unit laundry in every apartment; tenants pay their own gas and electricity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,994
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,479,880
$1.5M
Cap Rate 7%
$1,057,057
$1.1M
Cap Rate 9%
$822,156
$822.2K
Market Conditions
NOI Build-Up for 4,827 SF
Gross rent
$141.9K $29.40/SF
− Vacancy
−$7.4K −$1.53/SF
EGI
$134.5K $27.87/SF
− OpEx
−$60.5K −$12.54/SF
NOI
$74.0K $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%
$1,479,880
Cap Rate 7%
$1,057,057
Cap Rate 9%
$822,156
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$924.9K – $1.23M
NOI $73,994 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,314 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,410
Businesses Nearby
Explore this area
Business Placement
Demographics for 60622, IL
55,075
Population
27,630
Households
2
Avg Household Size
33
Median Age
73%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
22,030
Density / Sq Mi
$124,852
Median Household Income
$76,180
Median Earnings
$1,932
Median Rent
$622,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - All six residences include in-unit laundry, with occupants responsible for their own gas and electricity.
Where is this apartment building located?
The property is located at 1852 W Wabansia Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Six apartments across six layouts, from a studio to a 3‑bedroom, 2‑bathroom duplex‑up; 4,827 SF building constructed in 1887; In‑unit laundry in every apartment; tenants pay their own gas and electricity
