5614 W Grand Ave

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Address: 5614 W Grand Ave, Chicago, IL 60639, USA

Chicago & Midwest + Apartment Buildings

Created date: June 24, 2024

Date last updated: September 10, 2024

New Construction, Completed in 2022
Favorable Mix of All 3BD/2Ba Units With In-Unit Laundry
Opportunity to Add Value by Increasing Currently
Below Market Rents
Located in a CHA Mobility Zone
Individual HVAC / Individual Hot Water Tanks

Property Description

Essex Three- Twelve has been exclusively engaged to market for sale 5612-18 W. Grand, 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.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$2,250,000
No. of Units:	9
Year Built:	1951
Lot Size:	3,137.00 Sq ft
Opportunity Zone:	No
Price per unit:	$250,000
Property Website	Click Here