4-Unit Apartment
New
For Sale
$1,100,000
4440 N Saint Louis Avenue, Chicago, IL 60625
Four legal apartments are occupied under month-to-month leases, with a two-car garage and shared coin-operated laundry.
Property Size5,120 SF
Price / SF$214.84
Days on Market3
Property Features for 4440 N Saint Louis Avenue
General Information
Standard status
Active
Size
5,120 SF
Property subtype
Two to Four Units
Site & Location
Neighborhood
Albany Park
Taxes and HOA fees
Annual Taxes
$13,667
Amenities
4
11
Lake Michigan
2
30x125
No
Yes,Garage Owned,Detached,Garage
Building Details
Year Built
1928
Listing Agency:
@properties Christie's International Real Estate
(224) 269-8556
Listed By:
Thomas Quigley
(312) 254-0200
Source:
Michanarealestatesolutions
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 29 at 2:39PM
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 @properties Christie's International Real Estate
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Investment Insights
Based on property information with market context.
This 1928 multifamily property contains four original, legal apartments across more than 5,000 square feet. Three units have seven rooms, three bedrooms, one bath, a sun porch, and a formal dining room; the fourth is a four-room English garden apartment with two bedrooms and one bath. Hardwood floors, updated kitchens and baths, and rear decks serve the apartments. Building amenities include coin-operated laundry, basement storage, and a two-car garage. A steam boiler with energy-saving controls and one water heater serve the building.
All four apartments are occupied on month-to-month leases. The property is in Albany Park, 4.5 blocks from a CTA Brown Line station. River Park, Ronan Park, neighborhood shops, and multiple bus routes are also noted in the surrounding area.
All four apartments are occupied on month-to-month leases. The property is in Albany Park, 4.5 blocks from a CTA Brown Line station. River Park, Ronan Park, neighborhood shops, and multiple bus routes are also noted in the surrounding area.
Key Highlights
- Four legal apartments: three 3‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit
- More than 5,000 square feet; built in 1928
- Three apartments have seven rooms, sun porches, and formal dining rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,349
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,706,980
$1.7M
Cap Rate 7%
$1,219,271
$1.2M
Cap Rate 9%
$948,322
$948.3K
Market Conditions
NOI Build-Up for 5,120 SF
Gross rent
$129.0K $25.20/SF
− Vacancy
−$7.1K −$1.39/SF
EGI
$121.9K $23.81/SF
− OpEx
−$36.6K −$7.14/SF
NOI
$85.3K $16.67/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,706,980
Cap Rate 7%
$1,219,271
Cap Rate 9%
$948,322
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,349 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$1.12M
$981.1K – $1.31M
NOI $78,485 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$2.41M
$2.11M – $2.82M
NOI $168,985 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,282
Businesses Nearby
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Business Placement
Demographics for 60625, IL
76,525
Population
33,932
Households
2.3
Avg Household Size
36
Median Age
54%
College-Educated
87%
High-School Grad
3.8 sq mi
ZIP Area
20,138
Density / Sq Mi
$85,299
Median Household Income
$48,314
Median Earnings
$1,455
Median Rent
$396,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four legal apartments are occupied under month-to-month leases, with a two-car garage and shared coin-operated laundry.
Where is this quadplex located?
The property is located at 4440 N Saint Louis Avenue 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: Four legal apartments: three 3‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit; More than 5,000 square feet; built in 1928; Three apartments have seven rooms, sun porches, and formal dining rooms
