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5614 W Grand Avenue,  Chicago IL, 60639

(Active)
$2,250,000
|
12,150 sqft
|
MLS# 11993940
Last Updated: 5/16/2024 7:34 AM
Description for 5614 W Grand Avenue Chicago, IL 60639
This exciting investment opportunity features three adjacent 3-unit new construction apartment buildings located in Chicago's Belmont Cragin neighborhood in a CHA Mobility Area. Completed in 2022, each building consists of three 3BD/2Ba units with luxury finishes, individual HVAC, and in-unit laundry. The apartments layout favorably with open floor plans and a large primary bedroom/bath. Units feature a dedicated parking space, private balcony or patio, storage, and individual water tanks. This is an opportunity to buy a newly-constructed, well-designed and highly-amenitized asset that is among the nicest product in a still affordable submarket. Achieve stability and rent upside with professional management and leasing. The properties are situated northwest of downtown Chicago near Hanson Park in the Belmont Cragin Neighborhood. This quiet area is primarily residential and light industrial uses. The subject property is 1 block from the Metra Hanson Park station and near CTA bus routes. This is a portfolio with 2 separate PIN's - properties can be sold separately.
Price
$2,250,000
Cook
12,150 (approx)
11993940
Active
Description
This exciting investment opportunity features three adjacent 3-unit new construction apartment buildings located in Chicago's Belmont Cragin neighborhood in a CHA Mobility Area. Completed in 2022, each building consists of three 3BD/2Ba units with luxury finishes, individual HVAC, and in-unit laundry. The apartments layout favorably with open floor plans and a large primary bedroom/bath. Units feature a dedicated parking space, private balcony or patio, storage, and individual water tanks. This is an opportunity to buy a newly-constructed, well-designed and highly-amenitized asset that is among the nicest product in a still affordable submarket. Achieve stability and rent upside with professional management and leasing. The properties are situated northwest of downtown Chicago near Hanson Park in the Belmont Cragin Neighborhood. This quiet area is primarily residential and light industrial uses. The subject property is 1 block from the Metra Hanson Park station and near CTA bus routes. This is a portfolio with 2 separate PIN's - properties can be sold separately.
Listing Information
Property Type: Multi-Family, Business Opportunities, 3+ Story
0.22 Acres 12,150 (approx) 1951
3 Brick
West Chicago//
9 Total
Neighborhood
Room Information
Exterior / Lot Features
Brick
9413 SQFT
Driving Directions
Located at the northwest corner of N Central Ave & W Grand Ave.
Financial Considerations
13322180270000
$9,308
Listing Price History

Chicago Real Estate

Chicago is located in Illinois. Chicago, Illinois 60639 has a population of 2,781,445.

The median household income in Chicago, Illinois 60639 is $48,968. The median household income for the surrounding county is $68,916 compared to the national median of $66,222. The median age of people living in Chicago 60639 is 38 years.

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Courtesy: Essex 312, LLC
Listings courtesy of MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 5/16/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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This content last refreshed on 5/16/2024 7:34 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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