Listed by Matthews
$1,000,000
4521 S Honore St
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,998
Units 7
Cap Rate 8.01%
NOI $80,059
Occupancy 100%
Tenancy Multi
Acreage 0.070
Investment Type Stabilized
7-Unit Multifamily | 8.01% CAP
Investment highlights
- 7-unit multifamily investment opportunity in Chicago's Back of the Yards neighborhood
- 100% occupied with current annual in-place rent of approximately $113,880
- Mark-to-market opportunity with projected rents exceeding current rents by approximately $5,220 annually
- Unit mix includes six 2BR/1BA units and one 2BR/2BA coach house
- Located in Back of the Yards, a historic South Side Chicago neighborhood known for its strong community identity, workforce housing demand, and proximity to major transportation and employment corridors
- Benefited by access to Ashland Avenue, 47th Street, and regional connectivity to Downtown Chicago and the broader metro area
- Positioned in an affordable infill rental market that continues to attract residents seeking value relative to higher-cost Chicago neighborhoods
- Projected Year 1 NOI of $80,059 with upside to approximately $88,656 at stabilization
- Projected investor returns include 9.25% Year 1 cash-on-cash and 16.22% levered IRR
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$80,059.00
$6,671.58/mo
Valuation Metrics
0
DSCR
8.01%
Cap Rate
8.01%
ROI
Map
Zoning
RS-3 ResidentialSingle FamilyResidential Single Unit District
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View all 49 uses
View all 49 uses Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics
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