Six-Unit Brick Apartment
For Sale
$2,000,000
2500 W Walton Street, Chicago, IL 60622
The stated unit mix includes five two-bedroom residences and one three-bedroom residence.
Property Size5,973 SF
Price / SF$334.84
Days on Market44
Property Features for 2500 W Walton Street
General Information
Standard status
Active
Size
5,973 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Humboldt Park
Public Transit
Yes
Units
Unit Mix
5 x 2BR, 1 x 3BR
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$25,879
Building Details
Building Size
5,973 SF
Year Built
1908
Buildings
2
Construction
brick
Listing Agency:
Duarte Realty Company
(773) 671-6141
Listed By:
Nadia Miranda
Source:
Lwreedy
Added: Sep 14
Changed: Oct 27
Last Checked: Oct 26 at 10:19PM
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 Duarte Realty Company
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Investment Insights
Based on property information with market context.
The brick apartment property dates to 1908 and is described with six residences: five two-bedroom units and one three-bedroom unit. A separate adjacent parcel at 2504 W Walton Street is included in the sale; it measures 25 feet by 125 feet and contains a brick garage. The properties are offered together in as-is, where-is condition.
The listing identifies nearby dining, public transportation, parks, and neighborhood amenities. Buyers should independently confirm zoning, code compliance, legal use and unit count, and municipal requirements. No representation is made regarding future development or whether the adjacent parcel can be built on independently.
The listing identifies nearby dining, public transportation, parks, and neighborhood amenities. Buyers should independently confirm zoning, code compliance, legal use and unit count, and municipal requirements. No representation is made regarding future development or whether the adjacent parcel can be built on independently.
Key Highlights
- Brick apartment building constructed in 1908
- Six described units: five two‑bedroom residences and one three‑bedroom residence
- Adjacent 25‑foot by 125‑foot lot at 2504 W Walton Street includes a brick garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,561
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,831,220
$1.8M
Cap Rate 7%
$1,308,014
$1.3M
Cap Rate 9%
$1,017,344
$1.0M
Market Conditions
NOI Build-Up for 5,973 SF
Gross rent
$175.6K $29.40/SF
− Vacancy
−$9.1K −$1.53/SF
EGI
$166.5K $27.87/SF
− OpEx
−$74.9K −$12.54/SF
NOI
$91.6K $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%
$1,831,220
Cap Rate 7%
$1,308,014
Cap Rate 9%
$1,017,344
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,561 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.82M
$2.46M – $3.29M
NOI $197,138 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,405
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Apartment building - The stated unit mix includes five two-bedroom residences and one three-bedroom residence.
Where is this apartment building located?
The property is located at 2500 W Walton Street Chicago, IL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Brick apartment building constructed in 1908; Six described units: five two‑bedroom residences and one three‑bedroom residence; Adjacent 25‑foot by 125‑foot lot at 2504 W Walton Street includes a brick garage
