5614 W Grand Avenue
Chicago, IL, 60639
$834,900
9 Beds
6 Baths
0 SqFt
0 Acres
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$834,900
5614 W Grand Avenue
Chicago, IL, 60639
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Rare and incredible opportunity to be the proud owner of a brand new construction brick three-unit building in the booming Belmont Cragin neighborhood in Chicago! This property is like nothing that’s been offered on the market before, and it truly offers all the bells and whistles! Beginning with the exterior, this property has a gorgeous dark tone brick exterior with matching black accents and black roof. This brick building is perfect for an investor looking for a solid structure with no maintenance for years to come. All units are above ground, with high ceilings and with condo quality finishes. Each unit has three bedrooms and two full baths which is almost impossible to find anywhere in the city. The units feature a gorgeous open concept floor plan, tons of natural sunlight, and a private balcony. Tasteful kitchen cabinets, with white quartz countertops and stainless steel appliances. All separate utilities including electric and gas with in unit hot water tank and forced air throughout. Additional storage space per unit. All quality construction throughout. Artificial turf in back plus a three car parking pad. Additional free parking in adjoining city parking lot. Highly appreciating neighborhood with tons of development and investment in the area. Centrally located close to parks, schools, highways, and commercial corridors, with a public transportation only steps away from the building. High rental potential with low vacancy rates! Incredible Cap Rate! Perfect opportunity for someone looking to live in a beautiful unit with rental income OR for a long term investor looking to invest in a maintenance free building with potential for long term appreciation. Schedule your showing now before it’s gone!

Property Details

Price:
$834,900
MLS #:
MRD12222007
Status:
Active Under Contract
Beds:
9
Baths:
6
Address:
5614 W Grand Avenue
Type:
Multi Family
Neighborhood:
CHI – Belmont Cragin
City:
Chicago
Listed Date:
Apr 26, 2025
State:
IL
ZIP:
60639
Year Built:
2022

Schools

School District:
299

Interior

Heating
Natural Gas

Exterior

Construction Materials
Brick
Parking Features
Assigned, Off Alley, On Site, Owned
Parking Spots
3

Financial

Net Operating Income
$61,363
Tax Year
2023
Taxes
$12,069
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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5614 W Grand Avenue
Chicago, IL