5612-18 Grand Ave, Chicago, IL 60639
9 Unit Apartment Building | $2,250,000 ($250,000/Unit) | Chicago, IL 60639
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,250,000
- Property Type
-
Multifamily
- Square Feet
- 12,150 SF
Listing Contacts
Michael Anguiano
Verified Profile
Robert Berman
Verified Profile
- Property Info
Property Overview
Essex Realty Group is pleased to exclusively present for purchase 5612-18 W. Grand, 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.
Property Details
- Class
- B
- Year Built
- 2022
- Stories
- 3
- Lot Size (sq. ft)
- 9,583 SF
- Units
- 9
Highlights
- Professional Offering Memorandum Available Upon Request
- New Construction, Completed in 2022
- Favorable Mix of All 3BD/2Ba Units With In-Unit Laundry
- Opportunity to Add Value by Increasing Currently Below Market Rents
- Located in a CHA Mobility Zone
- Individual HVAC / Individual Hot Water Tanks
Nearby Properties
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