5416 W Belmont Ave - Apartments FOR SALE


Chicago, IL 60641
$4,600,000 USD
847-778-8746
5416 W Belmont Ave, Chicago, IL for Sale
$4,600,000 USD
Apartments - FOR SALE
1/14
null | 7.7% Cap Rate

5416 W Belmont Ave
Chicago, IL 60641


HIGHLIGHTS

  • Brand New Construction Development in Appreciating Location
  • Excellent Unit Mix Featuring 2-bed + 2-bath Apartments with High-End Finishes
  • Large Living Area, Spacious Bedrooms and High-end windows Allowing Lots of Natural Light
  • Offered at 9.49x Income with Significant Cash-on-Cash Return from Day One

OVERVIEW

Triton proudly presents 5416-22 W. Belmont Ave., a new construction mixed-use apartment building located in the rapidly growing 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 perfectly positioned to attract discerning tenants. The building features three commercial spaces and three ADA-accessible 2-bedroom apartments on the ground floor, with twelve luxurious 2-bedroom, 2- bathroom residential units on the upper levels. Each residential unit boasts high-end kitchens, elegant bathrooms, ample closet space, durable windows, and well-designed living areas, blending contemporary style with modern functionality. The property also includes surface parking with 19 parking spaces. 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 micro-hoods. Each unit features an electronic front door lock 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 on the rise, this building represents an exceptional investment opportunity.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

18

PRICE/UNIT

$255,556

CAP RATE

7.7%

% 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 Policy.