4219 Francisco AveChicago, IL 60618

Property Details for 4219 Francisco Ave

Year built

1914

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

4,470 SF

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

13-13-314-013

APU

1313314013

Description

This exceptional three-unit apartment building, located at 4219 N Francisco Ave in Chicago's desirable Horner Park neighborhood (zip code 60618), presents a compelling investment opportunity. The property, built in 1943 and extensively renovated in 2016, boasts a total of 4,470 square feet across three stories, situated on a 3,125 square foot lot. The building features three spacious units: a first-floor duplex with three bedrooms and two and a half bathrooms, and two upper-floor units, each offering three bedrooms and one bathroom. All units are equipped with modern amenities including hardwood floors, quartz countertops, decorative fireplaces, separate HVAC systems, and in-unit laundry. The property also includes a two-car garage and a pleasant backyard. Currently operating at 100% occupancy, the building generates a strong net operating income (NOI) of $69,588, resulting in a 6.64% capitalization rate. The asking price is $1,048,000. The property is zoned RS-3 and features charming historic architecture seamlessly blended with contemporary interior finishes. Its prime location offers easy access to parks, schools, restaurants, and the Francisco Brown Line El station, making it an ideal investment for both seasoned investors and owner-occupants seeking a turnkey, cash-flowing property in a thriving Chicago neighborhood. The Cook County APN is 13133140130000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,668,474

  6.5%

  $1,540,130

  7%

  $1,430,121

• Comparable approach

  Method

  Valuation

  Relative Method

  $902,437

  Geo Method

  $902,437

• Alternative Use

  Use

  Valuation

  Residential

  $1,540,130

  Hospitality

  $1,410,751

  Educational

  $1,173,728

  Medical

  $1,214,094

  Retail

  $1,825,800

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9582

Longitude

-87.7005

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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