On Market 5614 W. Grand Ave.,
Chicago, IL

5614 W. Grand Ave.

Neighborhood

Belmont Cragin

Number of Units

3

Price

$2,250,000

Highlights

  • 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

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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