Here is an update regarding Chicago Cap Rates:
I analyzed 2 years of sales transactions for Chicago
Multi-Family apartment buildings.
I wanted to find out the average cap rates by neighborhood.
This is one of my most popular reports.
This report is based on MLS data for sales transactions that closed in 2015 and 2016.
For example, the average cap rate in South Shore was 12.66%.
The average cap rate in Grand Boulevard (Bronzeville) was 9.53%.
The full report can be found here:
Kale Realty - Chicago, IL