Five-Unit Apartment
For Sale
$1,800,000
Pending
843 W Roscoe Street, Chicago, IL 60657
Brick apartment property with a separate coach house, vintage details, and tenant-paid individually metered utilities.
Property Size5,500 SF
Days on Market52
Property Features for 843 W Roscoe Street
General Information
Standard status
Pending
Size
5,500 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
3 x 2BR/1BA, 1 x 1BR/1BA, 1 x 4BR/2BA
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$41,945
Amenities
on-site coin laundry
decks
shared patio
fireplaces
built-ins
original trim/doors
hardwood floors
central A/C
Building Details
Building Size
5,500 SF
Year Built
1888
Buildings
2
Construction
brick
Listing Agency:
Brak Realty Inc.
Listed By:
Brian Brak
(773) 477-7300
Source:
Dawnmckennagroup
Added: Aug 17
Changed: Sep 29
Last Checked: Oct 5 at 11:37PM
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 Brak Realty Inc.
Investment Insights
Based on property information with market context.
Built in 1888, this MULTI-zoned apartment property includes a primary brick building and a separate coach house with five units in total. The front structure contains three two-bedroom, one-bath apartments and an unfinished basement. The coach house adds one one-bedroom, one-bath unit and one four-bedroom, two-bath unit, along with a second unfinished basement. Four apartments have central A/C, while gas and electric service are independently metered and paid by tenants.
Located at 843 W Roscoe Street in Chicago’s East Lakeview, the property is on a tree-lined street and has been held by the same ownership for 57 years. Resident amenities include coin-operated laundry in the basement, decks, and a shared patio. Interior details include fireplaces, built-in cabinetry, original trim and doors, and hardwood flooring.
Located at 843 W Roscoe Street in Chicago’s East Lakeview, the property is on a tree-lined street and has been held by the same ownership for 57 years. Resident amenities include coin-operated laundry in the basement, decks, and a shared patio. Interior details include fireplaces, built-in cabinetry, original trim and doors, and hardwood flooring.
Key Highlights
- Five total units across a front building and separate coach house
- Front building includes three 2 bed/1 bath units and an unfinished basement
- Coach house contains 1 bed/1 bath and 4 bed/2 bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,310
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,686,200
$1.7M
Cap Rate 7%
$1,204,429
$1.2M
Cap Rate 9%
$936,778
$936.8K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$161.7K $29.40/SF
− Vacancy
−$8.4K −$1.53/SF
EGI
$153.3K $27.87/SF
− OpEx
−$69.0K −$12.54/SF
NOI
$84.3K $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%
$1,686,200
Cap Rate 7%
$1,204,429
Cap Rate 9%
$936,778
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.41M
NOI $84,310 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.59M
$2.27M – $3.03M
NOI $181,526 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
6,518
Businesses Nearby
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Business Placement
Demographics for 60657, IL
72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
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 - Brick apartment property with a separate coach house, vintage details, and tenant-paid individually metered utilities.
Where is this apartment building located?
The property is located at 843 W Roscoe Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Five total units across a front building and separate coach house; Front building includes three 2 bed/1 bath units and an unfinished basement; Coach house contains 1 bed/1 bath and 4 bed/2 bath units
