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Multifamily

449 - 451 West Belden Avenue

449 - 451 W Belden Ave, Chicago, IL 60614

Listing Price: $4,600,000

Cap Rate
5.41%
Number of Units
14
Price/Unit
$328,571
Price/Gross SF
$380.95
Gross SF
12,075

Investment Overview

Marcus & Millichap is pleased to present 449-451 West Belden Avenue, located in the Lincoln Park neighborhood of Chicago, Illinois. The subject property consists of 14 apartments; there is an excellent mix of one, two-and three-bedroom units. Finishes include hardwood floors throughout, stainless steel appliances, fireplaces, and track lighting complimented by ample natural light. The subject property is a two-minute walk to Chicago Transit Authority’s (CTA) 22 and 36 bus stops, an eight-minute walk to CTA’s 74 bus stop and Oz Park, and a 14-minute walk to CTA’s Fullerton Red/Brown/Purple Line train stop. 449-451 West Belden is also a five-minute walk to the Lincoln Park Zoo and a 13-minute walk to Fullerton Beach and the Lakefront. The neighborhood of Lincoln Park draws in Chicagoans through its never-ending list of places to go both day and night. Lincoln Park Zoo is a popular spot bringing families into the area, while also attracting a younger crowd through concerts and special events around the holiday season. Kingston Mines jazz club is a neighborhood landmark, along with Lincoln Hall and other venues. There are great eats in the area – Oven Grinder and The Weiner Circle are famous around the whole city. Due to the proximity to Lake Michigan, Lincoln Park boasts great beaches and luscious parks all throughout the area.

Investment Highlights

  • Irreplaceable Lincoln Park Location
  • 14 Apartments, Excellent Unit Mix
  • Unique Features Including Fireplaces
  • Rental Upside
  • Within Walking Distance of DePaul University Campus

Exclusively Listed By

Financing By

Multifamily

449 - 451 West Belden Avenue

Listing Price: $4,600,000

Cap Rate
5.41%
Number of Units
14
Price/Unit
$328,571
Price/Gross SF
$380.95
Gross SF
12,075

Investment Highlights

  • Irreplaceable Lincoln Park Location
  • 14 Apartments, Excellent Unit Mix
  • Unique Features Including Fireplaces
  • Rental Upside
  • Within Walking Distance of DePaul University Campus

Investment Overview

Marcus & Millichap is pleased to present 449-451 West Belden Avenue, located in the Lincoln Park neighborhood of Chicago, Illinois. The subject property consists of 14 apartments; there is an excellent mix of one, two-and three-bedroom units. Finishes include hardwood floors throughout, stainless steel appliances, fireplaces, and track lighting complimented by ample natural light. The subject property is a two-minute walk to Chicago Transit Authority’s (CTA) 22 and 36 bus stops, an eight-minute walk to CTA’s 74 bus stop and Oz Park, and a 14-minute walk to CTA’s Fullerton Red/Brown/Purple Line train stop. 449-451 West Belden is also a five-minute walk to the Lincoln Park Zoo and a 13-minute walk to Fullerton Beach and the Lakefront. The neighborhood of Lincoln Park draws in Chicagoans through its never-ending list of places to go both day and night. Lincoln Park Zoo is a popular spot bringing families into the area, while also attracting a younger crowd through concerts and special events around the holiday season. Kingston Mines jazz club is a neighborhood landmark, along with Lincoln Hall and other venues. There are great eats in the area – Oven Grinder and The Weiner Circle are famous around the whole city. Due to the proximity to Lake Michigan, Lincoln Park boasts great beaches and luscious parks all throughout the area.

Exclusively Listed By

Financing By

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