5635 W Wellington Ave - Apartments FOR SALE


Chicago, IL 60634- Belmont Central
$850,000 USD
773-293-5056
5635 W Wellington Ave, Chicago, IL for Sale
$850,000 USD
Apartments - FOR SALE
1/5
null | 5.91% Cap Rate

5635 W Wellington Ave
Chicago, IL 60634
Belmont Central


HIGHLIGHTS

  • 6-unit multifamily in Chicago's Belmont Cragin — one of the Northwest Side's most active submarkets
  • Recent capital improvements including a newer boiler, newer porches, and most windows replaced
  • Unit mix: four 1-bed/1-bath and two 2-bed/1-bath units
  • Rents currently 12% below market as-is, with additional upside through light cosmetic updates

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase 5635 W. Wellington Ave, a six (6) unit building in Chicago's Belmont Cragin neighborhood. The subject property is well-positioned in one of the city's most active Northwest Side multifamily submarkets, offering tenants convenient access to the Belmont-Central retail corridor, Metra's Milwaukee District West Line, and the Kennedy Expressway (I-90/94) for quick travel throughout Chicagoland. 5635 W. Wellington Ave has a unit mix consisting of four (4) 1Bd/1Ba and two (2) 2Bd/1Ba units. Recent capital improvements include, but are not limited to, a newer boiler, newer porches, and replacement of most windows throughout the building. 5635 W. Wellington Ave presents investors with a compelling opportunity to acquire a well-maintained asset with clear upside. In-place rents currently sit approximately 12% below market in as-is condition, with potential to push them further through targeted cosmetic enhancements to the units.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$160 USD /SF

# OF UNITS

6

PRICE/UNIT

$141,667

CAP RATE

5.91%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

RS-3

APN/PARCEL ID

13-29-222-020-0000

ASK ABOUT THIS PROPERTY

John GeorgeKiser GroupMore Info
773-293-5056

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John GeorgeKiser GroupMore Info
773-293-5056

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