Confidential Investment Opportunity | Rare 6-Unit Apartment Building | Brainerd Area, Chicago
We are proud to present this rare and well-maintained 6-unit apartment building located in Chicago's Brainerd neighborhood, less than one mile from the highly desirable Beverly community. This is an exceptional opportunity for investors seeking a strong cash-flowing asset with significant recent capital improvements and low operating expenses.
The property consists of six spacious three-bedroom units, each equipped with its own 96% high-efficiency furnace. All furnaces are registered under warranty, and tenants are responsible for their own heating costs, creating substantial savings for ownership.
Major improvements and features include:
• Updated electrical system throughout the building
• Copper water lines throughout
• Fully renovated bathrooms in all six units, including bathtub replacements
• Remodeled kitchens in every unit featuring new cabinetry, appliances, and microwaves
• Replacement windows throughout the building
• New rear exterior doors
• Building insulation upgrades, including spray insulation in the attic
• Water lines insulated approximately three years ago
• Roof professionally resealed and coated with reflective sealant approximately four years ago
• New lentils installed as well as window and brick and tuckpointing updated
• Back porch upgrade to City of Chicago Code
Additional income-producing features include a fully functional five-car garage with electric door openers. The garage roofs and gutters were replaced approximately five years ago.
The basement offers additional owner amenities and operational value, including:
• Laundry room with two coin-operated dryers and one washing machine
• Virtual payment options for laundry equipment
• Laundry equipment is approximately three years old
• Private office space
• Additional bathroom
• Utility/slop sink
• Separate furnace serving the basement area
Security is enhanced with a seven-camera surveillance system that provides remote access and monitoring capabilities.
This property currently generates well over $100,000 in annual gross income while maintaining very low owner overhead, making it an attractive investment opportunity for both seasoned and new multifamily investors.
The current owners have proudly maintained this property for many years and have decided to sell as they prepare for retirement.
Confidential Sale Terms
This is a confidential sale to respect the privacy of the tenants and minimize disruptions to their daily lives:
• Serious inquiries only
• Proof of funds or financing pre-approval must be provided before scheduling any interior showings
• Please do not contact or discuss the sale with tenants
• Showings will be arranged only for qualified buyers
This is a rare opportunity to acquire a turnkey, income-producing multifamily property in a stable Chicago location with strong rental demand and extensive recent upgrades.