5-Unit Apartment Building with Coach
4650 N Hamilton Avenue, Chicago, IL 60625
For Sale
$1,396,000
A detached coach house, fenced yard, and two-car garage complement the multi-unit residence.
Property Size7,650 SF
Lot Size0.11 Acres
Price / SF$182.48
Days on Market19
Property Features for 4650 N Hamilton Avenue
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Road Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Currently Operating
Taxes and HOA fees
Annual Taxes
Amenities
fenced yard
enclosed porches
full basement
Building Details
Year Built
Buildings
Stories
Units
Construction
Listing Agency:
Baird & Warner
Listed By:
Michael McCallum · License #471020532
(773) 549-1855
Source:
Fishmangroup
Added: Oct 22
Changed: Nov 7
Last Checked: Nov 8 at 6:29PM
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 Baird & Warner
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5-unit apartment property in a brick main building and detached coach house contains 7,650 square feet across the structures, enclosed porches, and full basement. The main residence has two 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units. The coach house includes a 1-bedroom, 1-bathroom main level and a partially finished second floor. A full basement, fenced yard, and two-car garage are also part of the property.
Built in 1908, the property occupies a 37.5-foot by 122-foot corner lot at Leland and Hamilton in Chicago’s Lincoln Square. Damen Brown Line station, Welles Park, Sulzer Library, and Lincoln Avenue dining are nearby.
Built in 1908, the property occupies a 37.5-foot by 122-foot corner lot at Leland and Hamilton in Chicago’s Lincoln Square. Damen Brown Line station, Welles Park, Sulzer Library, and Lincoln Avenue dining are nearby.
Key Highlights
- Five‑unit property with a detached coach house
- 7,650 square feet across the main building, coach house, enclosed porches, and full basement
- Main building has two 2‑bedroom/1‑bathroom units and two 1‑bedroom/1‑bathroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,268
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,345,360
$2.3M
Cap Rate 7%
$1,675,257
$1.7M
Cap Rate 9%
$1,302,978
$1.3M
Market Conditions
NOI Build-Up for 7,650 SF
Gross rent
$224.9K $29.40/SF
− Vacancy
−$11.7K −$1.53/SF
EGI
$213.2K $27.87/SF
− OpEx
−$95.9K −$12.54/SF
NOI
$117.3K $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%
$2,345,360
Cap Rate 7%
$1,675,257
Cap Rate 9%
$1,302,978
Alternative Uses
Best Use
Apartment 5plus
$1.68M
$1.47M – $1.95M
NOI $117,268 @ 7.0% cap · market cap 8.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.61M
$3.16M – $4.21M
NOI $252,487 @ 7.0% cap · market cap 18.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,856
Businesses Nearby
Explore this area
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
Market
Properties on Market for Apartment buildings in Chicago
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - A detached coach house, fenced yard, and two-car garage complement the multi-unit residence.
Where is this apartment building located?
The property is located at 4650 N Hamilton Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,396,000.
What are key features of this property?
This property features: Five‑unit property with a detached coach house; 7,650 square feet across the main building, coach house, enclosed porches, and full basement; Main building has two 2‑bedroom/1‑bathroom units and two 1‑bedroom/1‑bathroom units
