1722 W Belmont Ave - Apartments FOR SALE


Chicago, IL 60657
$2,350,000 USD
847-962-7711
1722 W Belmont Ave, Chicago, IL for Sale
$2,350,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

1722 W Belmont Ave
Chicago, IL 60657


HIGHLIGHTS

  • Turn-key. 100% rented and occupied.
  • Newer Construction. High-end finishes.
  • Highly desirable location. Easy to manage and rent.

OVERVIEW

Presenting a fully leased, high-end multifamily building, offering turnkey investment potential. This newly constructed property features four occupied units: three identical residential units (3 bedrooms, 2 baths each) and a ground-floor retail space, collectively generating a total annual income of 199,200. Residential units feature a living room, dining room, chef's kitchen with custom cabinets, granite counters, cook top stove, built-in oven and microwave and dishwasher. All high-end stainless appliances. Three large bedrooms including a primary bedroom with stone primary bath with double bowl vanity sink, soaking air jet tub, separate shower and heated floors. The primary bedroom has large walk-in organized closets. Bedroom two and three both include organized closets. The second bathroom featured a stone bath. Hardwood floors throughout. Custom lighting and window treatments. In-unit washer and dryer. Individual controlled HVAC. High efficient tankless hot water heaters in each unit. Each unit has a front terrace and a rear deck. The top floor unit includes the roof deck buildout with composite deck, gas hook up, water hook up and skyline views. Each residential unit includes parking for two tandem cars in a gated and covered parking pad. Perfect location close to Whole foods, Paulina Brown Line and so much more. Easy building to manage and keep as a rental. All unit utilities paid for by tenants. Rental amounts are as listed: retail unit 2,900, unit 2 is 4,300, units 3 is 4,500 and unit 4 is 4,900. A member of the LLC holds an IL real estate license. The listing broker is not a member of the LLC.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$484 USD /SF

# OF UNITS

4

PRICE/UNIT

$587,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2015

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

B3-2

APN/PARCEL ID

14-19-434-031-0000

ASK ABOUT THIS PROPERTY

Pasquale Recchia@properties CommercialMore Info
847-962-7711

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

Pasquale Recchia@properties CommercialMore Info
847-962-7711

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