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Listed by James Thompsonof Triton Realty Group LLC
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Est. payment | /mo
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Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12779940
Year Built 1927
Annual Tax Amount $25,857
Tax Year 2025
Lot Dimensions 50 x 122
Property Sub-Type Multi Family 5+
Property Description
Value-add 11-unit corner building in Belmont Cragin. Built in 1927, this 8,200 SF masonry brick asset features nine (9) upper-level apartments - four (4) studios, one (1) one-bedroom and four (4) two-bedrooms, on the ground floor there are two (2) storefronts totaling 3,000 SF, both currently vacant. Corner position on a high-traffic, high-visibility stretch of Cicero Ave at Wellington. In-place residential income today with significant value-add opportunity through cosmetic unit renovation and build-out/lease-up of the retail space. Estimated renovation budget of $235,000 to achieve the pro forma rents reflected ($15k/Apartment Unit, $100K budget to vanilla box the two commercial units). CAP/GRM are based on the pro forma estimates, including the renovation budget. Units are separately metered. Offering memorandum includes the current rent roll. Pro forma projections are estimates and are not guaranteed. CTA bus service on Cicero Ave with I- 90/94 access to downtown and O'Hare.
Location
State IL
County Cook
Rooms
Basement Unfinished
Interior
Cooling Window Unit(s)
Fireplace Y
Exterior
View Y/N true
Building
Foundation Brick/Mortar
Structure Type Brick
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