3548 W 13th PL

3548 West 13th Place, Chicago, IL 60623

  • For Sale $500,000
  • Property Type Multi-Family
  • Property Size 6,219 SF
  • Units 0
  • Additional Rent Contact for pricing
  • # of Floors 3
  • Building Class C
  • Date Updated Jan 9, 2025

Presented by the Midwest Investment Advisors Team with KW Commercial and Keller Williams ONEChicago, 3548 W. 13th Pl, Chicago, IL 60623, is a 6-unit multifamily property offering an exceptional investment opportunity in the vibrant North Lawndale neighborhood. Built in 1901, this Class C property delivers immediate cash flow and value-add potential while benefiting from its prime location within both an Opportunity Zone and Enterprise Zone 1, providing substantial tax incentives for investors.

 

Priced at $500,000, with a price per square foot of $80.00, the property features three 3-bedroom, 1-bathroom units and three 2-bedroom, 1-bathroom units, catering to families and working professionals. This desirable unit mix ensures stable occupancy in a market undergoing revitalization and economic growth.

 

The property generates a current net operating income (NOI) of $56,469, translating to an impressive 11.29% cap rate and a gross rent multiplier (GRM) of 6.13. With financing at a 75% loan-to-value (LTV), 6.25% interest rate, and 30-year amortization, the property achieves a cash-on-cash return north of 23%. Pro forma financials project an NOI of $60,321, boosting the cap rate to 12.06% and the GRM to 5.79, with a cash-on-cash return exceeding 26%.

 

This property combines strong in-place financial performance with upside potential through strategic rent optimization, all while leveraging significant tax benefits. Located at 3548 W. 13th Pl, the property benefits from its proximity to transportation, schools, and amenities, ensuring strong tenant demand and long-term growth opportunities.

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Contacts

broker
Anthony Hardy

Keller Williams ONEChicago

broker
Travis Montgomery

Keller Williams ONEChicago

broker
Rudy Hancock

Keller Williams ONEChicago

broker
Tracii Randolph

Keller Williams ONEChicago

Location

Getting Around

  • Walk Score ®

    73/100 Very Walkable

  • Transit Score ®

    65/100 Good Transit

  • Bike Score ®

    70/100 Very Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood North Lawndale
  • Zip Code 60623
  • Market Chicago

Points of Interest

  • Central Park

    0.71 miles

  • Kedzie

    0.85 miles

  • Kostner

    1.20 miles

  • Cicero

    1.73 miles

  • 54th/Cermak

    2.32 miles

  • Uber Tent

    2.54 miles

  • Ashland

    3.08 miles

  • UIC-Halsted (Morgan Street)

    3.34 miles

  • UIC-Halsted (Peoria Street)

    3.45 miles

  • Halsted Street

    3.49 miles

  • GoLo

    0.26 miles

  • BP

    0.32 miles

  • Shell

    0.53 miles

  • Citgo

    0.67 miles

  • Exxon

    0.97 miles

  • Power Gas Station

    1.02 miles

  • Amoco

    1.07 miles

  • Marathon

    1.07 miles

  • EVgo

    2.43 miles

  • Electrify America

    3.16 miles

  • Visitor Parking

    1.75 miles

  • Lot W5

    1.85 miles

  • Visitor Paerking

    2.01 miles

  • Lot A4

    2.05 miles

  • Lot A3

    2.08 miles

  • Lot B2

    2.11 miles

  • Lot C4

    2.12 miles

  • Lot B4

    2.15 miles

  • Shamrock Motel

    1.57 miles

  • Karavan Motel

    1.61 miles

  • Hyatt Place Chicago - Medical / University District

    2.23 miles

  • Hyatt House Chicago - Medical / University District

    2.30 miles

  • Cindy Lyn Motel

    2.40 miles

  • Courtyard by Marriott Chicago at Medical District / UIC

    2.59 miles

  • Hotel Chicago West Loop

    2.60 miles

  • Hyatt House

    3.34 miles

  • Alexandra's place

    3.50 miles

  • Holiday Jones

    3.50 miles

  • Soule

    0.14 miles

  • Popeyes

    0.17 miles

  • Taco Bell

    0.29 miles

  • Checkers

    0.34 miles

  • The SoulFood Lounge

    0.47 miles

  • McDonald's

    0.47 miles

  • Subway

    0.50 miles

  • New Pine Valley Restaurant

    0.66 miles

  • Lou Malnati's Pizzeria

    0.94 miles

  • Dunkin'

    1.00 miles

  • Lawndale Community Academy

    0.12 miles

  • Herzl Elementary School

    0.26 miles

  • KIPP Ascend North Lawndale

    0.33 miles

  • Olive Child-Parent Center

    0.35 miles

  • Henry Ford Academy: Power House High

    0.41 miles

  • Dvorak Elementary School

    0.41 miles

  • Gregory Elementary School

    0.46 miles

  • Ebenezer School

    0.49 miles

  • North Lawndale College Prep Charter - Christiana

    0.51 miles

  • Saint Agathas School

    0.51 miles

  • Herzl Child-Parent Center

    0.30 miles

  • Our Lady of Lourdes Child Development Center

    0.79 miles

  • Dorie Miller Child Parent Center

    0.95 miles

  • YMCA Child Care

    1.19 miles

  • New Zion Childcare Academy

    2.06 miles

  • Adams Street Child Care Center

    2.22 miles

  • Taylor Tots

    2.72 miles

  • Kid City

    2.80 miles

  • Luis Munoz Marin Primary Center

    2.87 miles

  • John & Mary Madden Center

    3.00 miles

Frequently Asked Questions

How much does 3548 W 13th PL cost?

The space currently listed for sale at 3548 W 13th PL asks for $500,000.

What is the total square footage of 3548 W 13th PL ?

3548 W 13th PL totals 6,219 square feet.

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