5155 W Byron St - Apartments FOR SALE


Chicago, IL 60641- Portage Park
$1,250,000 USD
847-624-6639
5155 W Byron St, Chicago, IL for Sale
$1,250,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

5155 W Byron St
Chicago, IL 60641
Portage Park


HIGHLIGHTS

  • Efficient Two-Bedroom Unit Mix
  • Updated Interiors and Tenant Amenities
  • Prime Portage Park Location Near Six Corners
  • Straightforward Value-Add Pathway

OVERVIEW

Triton presents 3851-53 N. Laramie Ave. | 5155 W. Byron St., a seven (7) unit multifamily investment opportunity located in Chicago's highly desirable Portage Park neighborhood. Offered for the first time in nearly four decades, this pride-of-ownership asset has been held by the same owner since July 1988. Throughout its extensive ownership history, the asset has received continuous stewardship and numerous capital improvements, providing a new owner with a path to maximize rents in existing condition. The classic corner masonry brick building consists entirely of spacious two-bedroom, one-bathroom apartments—featuring one duplex unit and one garden unit. Units are equipped with updated finishes and stainless-steel appliances (select units), radiator heat, window A/C units, coin-operated common area laundry, and three rear garage parking spaces. Boasting a straightforward utility profile with separately metered electric and cooking gas paid by tenants, the property delivers robust in-place income with a clear value-add pathway to a 7.85% pro forma cap rate by moving below-market rents to market levels. Positioned just blocks from the booming Six Corners intersection, this remarkably maintained property represents a rare, stable, long-term performance opportunity.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$177 USD /SF

# OF UNITS

7

PRICE/UNIT

$178,571

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3851-53 N. Laramie | 5155 W. Byron

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1923

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,373 SF

ZONING

RS-3

APN/PARCEL ID

13-21-208-001-0000

ASK ABOUT THIS PROPERTY

Harrison CohenTriton Realty Group, LLCMore Info
847-624-6639

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Harrison CohenTriton Realty Group, LLCMore Info
847-624-6639

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.