Multifamily
3415 W Adams Street, Chicago, IL 60624
For Sale
New
$369,900
Built in 1912, the property has MULTI zoning and is being sold in as-is condition.
Property Size1,900 SF
Days on Market4
Property Features for 3415 W Adams Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Public Transit
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Chicago Area Realty Inc
Listed By:
Grazyna Przybysz · License IL #475121869
(773) 545-5300
Source:
Kalelrealty
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 13 at 7:09PM
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 Chicago Area Realty Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property is a multi-unit building constructed in 1912. It is zoned MULTI and offered in as-is condition.
The property is in Chicago’s East Garfield Park area, with access to I-290 and downtown Chicago. The Illinois Medical District, including Rush University Medical Center, Stroger Hospital, and the VA Hospital, is nearby. Public transportation and bike routes are also available in the surrounding area.
The property is in Chicago’s East Garfield Park area, with access to I-290 and downtown Chicago. The Illinois Medical District, including Rush University Medical Center, Stroger Hospital, and the VA Hospital, is nearby. Public transportation and bike routes are also available in the surrounding area.
Key Highlights
- Multi‑unit building constructed in 1912
- Zoned MULTI
- Offered in as‑is condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,125
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,500
$582.5K
Cap Rate 7%
$416,071
$416.1K
Cap Rate 9%
$323,611
$323.6K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$55.9K $29.40/SF
− Vacancy
−$2.9K −$1.53/SF
EGI
$53.0K $27.87/SF
− OpEx
−$23.8K −$12.54/SF
NOI
$29.1K $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%
$582,500
Cap Rate 7%
$416,071
Cap Rate 9%
$323,611
Alternative Uses
Best Use
Apartment 5plus
$416.1K
$364.1K – $485.4K
NOI $29,125 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$895.8K
$783.9K – $1.05M
NOI $62,709 @ 7.0% cap · market cap 16.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
Explore this area
Business Placement
Demographics for 60624, IL
37,547
Population
16,250
Households
2.3
Avg Household Size
34
Median Age
13%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
10,728
Density / Sq Mi
$32,607
Median Household Income
$30,924
Median Earnings
$1,152
Median Rent
$223,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Multifamily properties in Chicago
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 1912, the property has MULTI zoning and is being sold in as-is condition.
Where is this multifamily property located?
The property is located at 3415 W Adams Street Chicago, IL.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Multi‑unit building constructed in 1912; Zoned MULTI; Offered in as‑is condition
