5944-5946 W Roosevelt Rd - Apartments FOR SALE


Chicago, IL 60644- Austin
$3,500,000 USD
224-456-5563
5944-5946 W Roosevelt Rd, Chicago, IL for Sale
$3,500,000 USD
Apartments - FOR SALE
1/10
null | 6.15% Cap Rate

5944-5946 W Roosevelt Rd
Chicago, IL 60644
Austin


HIGHLIGHTS

  • Significant Capital Improvements
  • Superior Location & Amenities
  • Economic Drivers
  • Value-Add Opportunity
  • Excellent Demogrpahics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Austin 50, a two-property mixed-use investment located at 5944-5946 W Roosevelt Road and 5936 W Fillmore Street in the Austin neighborhood of Chicago, Illinois (the “Properties”). Situated in a high-density, urban-infill location in Chicago’s Austin neighborhood, the Properties offer a highly walkable setting near the vibrant Roosevelt Road commercial corridor and the Oak Park border, with convenient access to the CTA Blue Line at Austin Station, the Eisenhower Expressway (I-290), downtown Chicago, and numerous neighborhood parks, schools, and community amenities. The Properties consist of a 38-unit mixed-use complex at 5944–5946 W Roosevelt Road and a stabilized 12-unit multifamily building at 5936 W Fillmore Street. Together, the Properties contain a total of fifty (50) units comprised of seven (7) commercial units, sixteen (16) 2-Bedroom/1 Bathroom units, nineteen (19) 1-Bedroom/1-Bathroom units, and eight (8) Studio units with 39,405 square feet of leasable area in 55,100 square feet of total gross area on a combined 0.56 acres of land. The Properties have been subject to significant capital improvements, with further repairs in progress to enhance long-term value and tenant appeal. The Austin 50 offer the opportunity to acquire well-located investment properties with value-add potential in an exceptional, urban-infill setting within Chicago’s Austin neighborhood. The Properties are ideal for an investor seeking strong investment returns and an attractive value-add opportunity through repositioning in a high-visibility commercial corridor. The Austin submarket continues to benefit from ongoing community investment, infrastructure improvements, and proximity to major transit routes, supporting long-term rental demand and potential rent growth in the years ahead.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$90 USD /SF

# OF UNITS

50

PRICE/UNIT

$70,000

CAP RATE

6.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Austin 50

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

B3-2

APN/PARCEL ID

16-17-409-030-0000

ASK ABOUT THIS PROPERTY

John SolariHorvath & TremblayMore Info
224-456-5563

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John SolariHorvath & TremblayMore Info
224-456-5563

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