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Multifamily

5054 North Winthrop Avenue

5054 N Winthrop Ave, Chicago, IL 60640

Listing Price: $6,750,000

Cap Rate
5.28%
Number of Units
48
Occupancy
97.0%
Price/Unit
$140,625
Price/Gross SF
$186.93
Gross SF
36,110

Investment Overview

Marcus & Millichap is proud to present 5054 North Winthrop Avenue, located in the Uptown neighborhood of Chicago, Illinois. The subject property consists of 48 well-maintained apartments with updated appliances, hardwood floors and updated bathrooms. The unit mix consists of 47 one-bedroom apartments and one two-bedroom apartment. 5054 North Winthrop Avenue is a Class 9 designated building that offers tax benefits to an incoming investor. This property is well-located within a three-minute walk of Chicago Transit Authority’s (CTA) Argyle Red Line train stop and a two-minute walk to CTA’s 36 bus stop. The subject property is also a two-minute drive to Lake Shore Drive, creating easy access in and out of the city for commuters. The property is less than a 15-minute walk to Foster and Montrose Beaches, and the numerous soccer fields off Lawrence Avenue. Uptown draws Chicagoans to the area with historical landmarks such as the “Green Mill” and the “Aragon Ballroom”. The area is also filled with a wide selection of destination restaurants and theatre companies. Montrose Beach is easily accessible to Chicagoans living in Uptown, along with Lake Shore Drive and the CTA which makes commuting downtown simple.

Investment Highlights

  • Excellent Uptown Location
  • Class 9 Designated Property Opportunity
  • Renovated Property with All New Mechanicals
  • Immediate Upside in Rents
  • Well-Maintained One-Bedroom and Two-Bedroom Apartments
  • Updated Kitchens and Bedrooms
  • Steps from CTA's Argyle Red Line Train Stop and Buses

Exclusively Listed By

  • Kyle A. Stengle

    Senior Managing Director Investments

    (312) 327-5455

    Email Kyle

    License(s): IL: 475.138461

    Chicago Downtown

Financing By

Multifamily

5054 North Winthrop Avenue

Listing Price: $6,750,000

Cap Rate
5.28%
Number of Units
48
Occupancy
97.0%
Price/Unit
$140,625
Price/Gross SF
$186.93
Gross SF
36,110

Investment Highlights

  • Excellent Uptown Location
  • Class 9 Designated Property Opportunity
  • Renovated Property with All New Mechanicals
  • Immediate Upside in Rents
  • Well-Maintained One-Bedroom and Two-Bedroom Apartments
  • Updated Kitchens and Bedrooms
  • Steps from CTA's Argyle Red Line Train Stop and Buses

Investment Overview

Marcus & Millichap is proud to present 5054 North Winthrop Avenue, located in the Uptown neighborhood of Chicago, Illinois. The subject property consists of 48 well-maintained apartments with updated appliances, hardwood floors and updated bathrooms. The unit mix consists of 47 one-bedroom apartments and one two-bedroom apartment. 5054 North Winthrop Avenue is a Class 9 designated building that offers tax benefits to an incoming investor. This property is well-located within a three-minute walk of Chicago Transit Authority’s (CTA) Argyle Red Line train stop and a two-minute walk to CTA’s 36 bus stop. The subject property is also a two-minute drive to Lake Shore Drive, creating easy access in and out of the city for commuters. The property is less than a 15-minute walk to Foster and Montrose Beaches, and the numerous soccer fields off Lawrence Avenue. Uptown draws Chicagoans to the area with historical landmarks such as the “Green Mill” and the “Aragon Ballroom”. The area is also filled with a wide selection of destination restaurants and theatre companies. Montrose Beach is easily accessible to Chicagoans living in Uptown, along with Lake Shore Drive and the CTA which makes commuting downtown simple.

Exclusively Listed By

  • Kyle A. Stengle

    Senior Managing Director Investments

    (312) 327-5455

    Email Kyle

    License(s): IL: 475.138461

    Chicago Downtown

Financing By

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