6154-56 N HAMILTON Avenue, Chicago, IL 60659

Units: 8
Price / Unit: $211,250
Est. Cap Rate: 6.88%
Est. GRM: 10.17

Property Overview

Amazing Investment opportunity !! Legal 8 UNITS WITH 5 CARS BRICK GARAGE. All but 1 unit has been updated with new kitchen and baths. Major improvements include tear off roof, new windows, lentils and tuckpointing in 2021. Building has central boiler and Hw tank. Laundry and storage in basement. Long term tenants with so much potential to increase rents. Nothing to do but take over this turn key property.

Investor Resource

Property Intelligence

Financial Snapshot

Reported Annual Income: $166,200
Reported Annual Expenses: $49,880
Estimated NOI: $116,320
Estimated Cap Rate: 6.88%
Estimated GRM: 10.17
Annual Taxes: $26,000 (2025)

Property Details

Units: 8
Building Size: 9,021 SF
Lot Size: 6,336 SF
Lot Acreage: 29
Lot Dimensions: 49 X 129
Stories: 3
Year Built: 1927
Building Age: Older
Construction: Brick
Zoning: MULTI
Parcel Number: 14061160140000

Operations & Utilities

Heating: Central Bldg Heat, Gas
Tenant Pays: Electricity
Water Source: Municipal Water
Utilities: Sewer Connected, Water Available
Possession: Closing

Location & Use

County: Cook
Market Area: Chicago - West Ridge

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.