4203 N Pulaski Road
Chicago, IL 60641

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Description

4203-05 N. Pulaski Rd. is a mixed-use investment opportunity located in the Irving Park neighborhood of Chicago. Positioned along the heavily trafficked Pulaski Road corridor, the property offers strong visibility, convenient access to public transportation and the freeway, as well as many nearby retail and dining options. The property consists of five residential units, a ground-floor commercial space, six surface parking spaces, and an additional non-conforming garden unit (Rent included in NOI, GRM, and Cap Rate). The building was renovated approximately seven years ago and has been well maintained, with no significant near-term capital improvements needed. The asset provides stable in-place income with upside potential. Rents in the area have increased meaningfully, allowing a new owner to increase revenue over time by adjusting rents as units turn over, without requiring major renovations. With its strong location, recent updates, and clear path to higher income, 4203-05 N. Pulaski Rd. offers investors a stable asset with future growth potential in a proven Chicago submarket.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60641
• Year Built: 1922
• Stories: 3
• Units: 6 units
• # Of Dishwashers: 6
• # Of Dryers: 2
• # Of Ranges: 6
• # Of Refrigs: 6
• # Of Washers: 2
• Approximate Age: New Rehab
• Built Before 1978 (Y/N): Yes
• Cap Rate: 7.51
• Construction Materials: Brick
• Cooling: Central Air
• Directions: Exit 90 and turn north on Pulaski. Property is on the east side of the street north of Berteau.
• Electric: Circuit Breakers, Separate Meters
• Electric Expense: 900
• Electric Expense Source: Broker Projection
• Fuel Expense: 1200
• Fuel Expense Source: Broker Projection
• Gross Income: 145140
• Gross Rent Multiplier: 9.3
• Gross Scheduled Income: 145140
• Heat/Ventilation: Central Heat/Indiv Controls, Forced Air
• Information: 48-Hr Notice Required
• Insurance Expense: 3600
• Insurance Expense Source: Broker Projection
• Janitor Expense: 12
• Lot Size Square Feet: 4687
• Main Type: Commercial Sale
• Maintenance Expense: 1750
• Manager Expense: 6894
• Manager Expense Source: BP
• Operating Expense: 36556
• Other Expense: 2400
• Other Expense Source: Broker Projection
• Outdoor Parking: 6-12 Spaces
• Repairs-Decor Expense Source: Broker Projection
• Roof Structure: Flat
• Tax Annual Amount: 14012
• Tax Year: 2024
• Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
• Total Annual Expense Source: Broker Projection
• Total Monthly Income: 12095
• Trash Expense: 1800
• Trash Expense Source: Broker Projection
• Type Multi-Family: Flats
• Water Expense Source: Broker Projection
• Water Sewer Expense: 2800