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5616 Grand Avenue, Chicago, IL, 60639

  • 9 Beds
  • - Baths
  • - Sq. Ft.

$800,000

Year: 2021

Description

This exciting investment opportunity features a 3-unit new construction apartment building 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.

Overview

  • 9 Beds
  • - Bathrooms
  • 0 Bath (Full)
  • 0 Bath (Half)
  • - Sq. Ft.
  • 15 Rooms
  • 3 Parking

Other Details

  • Property Type: Two to Four Units
  • Neighborhood: CHI - Belmont Cragin
  • Year Built: 2021
  • Basement Description: None
  • Basement Bathrooms: No
  • Days On Market: 7
  • Parking: Space/s


HOA & Taxes

  • HOA Fee: 0.00
  • Tax annual amount: 11766.00
  • Tax year: 2022
  • Exemptions:
  • Association Fee Includes:

Location

Basement Details
  • None
Heating & Cooling Details
  • Natural Gas
  • Indv Controls
Sewer & WaterSource Details
  • Public Sewer
  • Lake Michigan
Exterior Features
  • Lot Size: 26X125
  • Ownership:Fee Simple
  • Built before: 2021
  • Age: 1-5 Years
  • Exterior: Brick

Unit Types Details

Unit 1 Details
  • UnitType: Unit 1
  • Floor Number: 1
  • Total Rooms: 5
  • Total Beds: 3
  • Total Baths: 2
  • Total Full Baths: 2
  • Appliances & Features: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors
  • Actual Rent: 2150
  • Tenant Pays: Electric,Gas,Heat
  • Lease Expiration Date: 03/25
Unit 2 Details
  • UnitType: Unit 2
  • Floor Number: 2
  • Total Rooms: 5
  • Total Beds: 3
  • Total Baths: 2
  • Total Full Baths: 2
  • Appliances & Features: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors
  • Actual Rent: 2200
  • Tenant Pays: Electric,Gas,Heat
  • Lease Expiration Date: 04/24
Unit 3 Details
  • UnitType: Unit 3
  • Floor Number: 3
  • Total Rooms: 5
  • Total Beds: 3
  • Total Baths: 2
  • Total Full Baths: 2
  • Appliances & Features: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors
  • Actual Rent: 2200
  • Tenant Pays: Electric,Gas,Heat
  • Lease Expiration Date: 09/23

Room Details

School Details

Elementary School
  • Name: -
  • District: 299
Middle Or Junior School
  • Name: -
  • District: 299
High School
  • Name: -
  • District: 299

Contact Agent

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The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

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