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Multifamily

4950 North Christiana Avenue

4950 N Christiana Ave, Chicago, IL 60625

Listing Price: $1,650,000

Cap Rate
6.01%
Number of Units
8
GRM
11.36
Price/Unit
$206,250
Price/Gross SF
$202.08
Gross SF
8,165

Investment Overview

4948-4950 North Christiana Avenue is a multi-family investment property located in Chicago’s Albany Park neighborhood. This eight-unit building features a mix of six two-bedroom/one-bath units and two three-bedroom/one-bath units, offering diverse options for tenants. The property has undergone renovations, including newer kitchens with granite countertops, updated bathrooms, central heating and air conditioning, and upgraded electrical systems. Additionally, it boasts a new roof and a recently updated porch.
Albany Park, located on Chicago’s northwest side, is known for its affordability and vibrant atmosphere, making it an attractive neighborhood for families, students, and young professionals. The area offers a wide range of housing options, from single-family homes to multi-unit apartment buildings. With easy access to public transportation, including the CTA Brown Line and several bus routes, Albany Park provides convenient connectivity to downtown Chicago and other parts of the city.
The neighborhood is also in close proximity to several colleges and universities, such as Northeastern Illinois University and North Park University, making it a popular choice for students and faculty. River Park and Eugene Field Park offer green spaces for outdoor activities, while the North Branch of the Chicago River adds a scenic touch to the neighborhood. Albany Park’s ongoing revitalization continues to attract new residents and businesses, contributing to its growth and development.

Investment Highlights

  • Below Market Rents with Month-to-Month Leases in Place
  • Large Two-Bedroom Units
  • Walking Distance from Cta Kimball Brown Line Stop
  • Blocks from North Park University

Exclusively Listed By

Multifamily

4950 North Christiana Avenue

Listing Price: $1,650,000

Cap Rate
6.01%
Number of Units
8
GRM
11.36
Price/Unit
$206,250
Price/Gross SF
$202.08
Gross SF
8,165

Investment Highlights

  • Below Market Rents with Month-to-Month Leases in Place
  • Large Two-Bedroom Units
  • Walking Distance from Cta Kimball Brown Line Stop
  • Blocks from North Park University

Investment Overview

4948-4950 North Christiana Avenue is a multi-family investment property located in Chicago’s Albany Park neighborhood. This eight-unit building features a mix of six two-bedroom/one-bath units and two three-bedroom/one-bath units, offering diverse options for tenants. The property has undergone renovations, including newer kitchens with granite countertops, updated bathrooms, central heating and air conditioning, and upgraded electrical systems. Additionally, it boasts a new roof and a recently updated porch. Albany Park, located on Chicago’s northwest side, is known for its affordability and vibrant atmosphere, making it an attractive neighborhood for families, students, and young professionals. The area offers a wide range of housing options, from single-family homes to multi-unit apartment buildings. With easy access to public transportation, including the CTA Brown Line and several bus routes, Albany Park provides convenient connectivity to downtown Chicago and other parts of the city. The neighborhood is also in close proximity to several colleges and universities, such as Northeastern Illinois University and North Park University, making it a popular choice for students and faculty. River Park and Eugene Field Park offer green spaces for outdoor activities, while the North Branch of the Chicago River adds a scenic touch to the neighborhood. Albany Park’s ongoing revitalization continues to attract new residents and businesses, contributing to its growth and development.

Exclusively Listed By

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