5416-22 W Belmont Ave - Apartments FOR SALE


Chicago, IL 60641- Cragin
$3,995,000 USD
847-778-8746
5416-22 W Belmont Ave, Chicago, IL for Sale
$3,995,000 USD
Apartments - FOR SALE
1/18
null | 8.39% Cap Rate

5416-22 W Belmont Ave
Chicago, IL 60641
Cragin


HIGHLIGHTS

  • New construction property, completed in 2024
  • Desirable unit mix including (3) commercial spaces, (3) ADA/ARO apartments, and (12) 2-bed/2-bath apartments.
  • Ample surface parking (19 spaces) along alley.

OVERVIEW

Triton presents 5416-5422 W. Belmont Ave., a newly constructed mixed-useapartment building located in the rapidly appreciating Belmont Cragin neighborhood. This modern three-story property offers a prime investment opportunity in a flourishing area of Chicago. Situated close to popular dining, shopping, and recreational destinations, the building is ideally positioned in the heart of the up-and-coming submarket. The building features three commercial spaces and three ARO/ADA-accessible 2-bedroom apartments on the ground floor, with 12 luxurious 2-bedroom, 2- bathroom residential units on the upper levels. Each residential unit boasts high-end kitchens, elegant bathrooms, built-in closets, in-unit laundry, central HVAC, and high end windows, blending contemporary style with modern functionality. Interiors are finished with premium Lifeproof flooring, sleek light grey walls, and crisp white trim, creating a sophisticated and contemporary atmosphere. The spacious kitchens are equipped with quartz countertops, soft-close cabinets, and high-quality appliances, including fingerprint-resistant stainless steel refrigerators/freezers and 30" gas ranges with stainless steel microhoods. Select units feature private balconies, and surface parking is available with alley access. With its superior construction, modern amenities, and a location in a neighborhood with high growth potential, this building represents an exceptional investment opportunity.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$196 USD /SF

# OF UNITS

18

PRICE/UNIT

$221,944

CAP RATE

8.39%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

B2-3

APN/PARCEL ID

13-21-328-033-0000

ASK ABOUT THIS PROPERTY

Matthew FritzshallTriton Realty Group, LLCMore Info
847-778-8746

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Matthew FritzshallTriton Realty Group, LLCMore Info
847-778-8746

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