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Listed by Adam Maxof Compass
$1,250,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12487130
Year Built 1956
Annual Tax Amount $13,103
Tax Year 2023
Lot Dimensions UNK
Property Sub-Type Multi Family 5+
Property Description
Prime Belmont Cragin investment opportunity consisting of two adjacent 4-unit apartment buildings with three (3) additional non-conforming garden units. Long-term ownership of 20+ years with consistent maintenance and targeted capital improvements. Unit mix includes eight (8) 2BD/1BA apartments plus three (3) non-conforming garden layouts. Apartments feature hardwood flooring with kitchens and baths finished in rental-grade materials including wood cabinetry, laminate countertops, and white appliances. Heat is provided via baseboard systems through central boilers (owner-paid). Property highlights include separately metered electric, two Rheem hot water heaters (2014 & 2015), vinyl windows and tear-off roofs (within last 10 years), and mixed plumbing. Additional amenities include building-owned coin laundry and nine (9) exterior parking spaces. Current rents remain well below market, presenting a clear value-add opportunity through rent increases, parking income, and unit renovations.
Location
State IL
County Cook
Zoning MULTI
Interior
Fireplace N
Exterior
View Y/N true
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Joanna Lewkowicz
Designated Managing Broker | Owner | 471.018027 471018027
+1(708) 226-4848 | joanna@boutiquehomerealty.com