$2,250,000
5614 W Grand Avenue
Chicago, IL, 60639
This exciting investment opportunity features three adjacent 3-unit new construction apartment buildings located in Chicago’s Belmont Cragin neighborhood in a CHA Mobility Area. Completed in 2022, each building consists of three 3BD/2Ba units with luxury finishes, individual HVAC, and in-unit laundry. The apartments layout favorably with open floor plans and a large primary bedroom/bath. Units feature a dedicated parking space, private balcony or patio, storage, and individual water tanks. This is an opportunity to buy a newly-constructed, well-designed and highly-amenitized asset that is among the nicest product in a still affordable submarket. Achieve stability and rent upside with professional management and leasing. The properties are situated northwest of downtown Chicago near Hanson Park in the Belmont Cragin Neighborhood. This quiet area is primarily residential and light industrial uses. The subject property is 1 block from the Metra Hanson Park station and near CTA bus routes. This is a portfolio with 2 separate PIN’s – properties can be sold separately.
Property Details
Price:
$2,250,000
MLS #:
MRD11993940
Status:
Active
Beds:
0
Baths:
0
Address:
5614 W Grand Avenue
Type:
Commercial
City:
Chicago
Listed Date:
Mar 4, 2024
State:
IL
Finished Sq Ft:
12,150
ZIP:
60639
Year Built:
1951
Schools
Interior
Exterior
Construction Materials
Brick
Financial
Buyer Agent Compensation
1.5% NSP – $500Net Sale Price
Tax Year
2021
Taxes
$9,308
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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Courtesy of Essex 312, LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Chicago, IL. Detailed information about real estate listings held by brokerage firms other than Compass / The Debra Dobbs Group include the name of the listing broker. Neither the listing company nor Compass / The Debra Dobbs Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Chicago, IL. All rights reserved.
5614 W Grand Avenue
Chicago, IL
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