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Multifamily

4021 Belle Plaine

4021 W Belle Plaine Ave, Chicago, IL 60641

Listing Price: $1,175,000

Cap Rate
3.48%
Number of Units
6
GRM
9.79
Occupancy
95.0%
Price/Unit
$195,833
Price/Gross SF
$16.32
Gross SF
72,000

Investment Overview

Marcus & Millichap is proud to present 4021 W. Belle Plaine Avenue located in the Old Irving Park neighborhood on the Northwest side of Chicago. The subject property is a six-unit apartment building consisting of (4) 2Bd/1Bath units & (2) 1Bd /1Bath units. Additionally, there are six outdoor parking spaces and on-site laundry. The building is heated by a new hot water boiler system.

The Old Irving Park neighborhood is located approximately seven miles northwest of Downtown Chicago and approximately eight miles southeast of O'Hare International Airport. The location is conveniently located near the Kennedy Expressway and is serviced by the CTA Blue Line making it a prime location for workers commuting to Downtown or the airport. Old Irving Park has historically been a very stable neighborhood with high occupancy levels, The low density neighborhood has seen a significant increase new single family home and small 2-4 units buildings.

This offering presents an investor to upgrade the apartment finishes and raise the rents significantly to current market levels.

Investment Highlights

  • Add-Value Opportunity
  • One Block from Irving Park Blue Line Stio
  • 6 Parking Spaces
  • (4) 2Bd/1Bath & (2) 1Bd/1Bath Units

Exclusively Listed By

Multifamily

4021 Belle Plaine

Listing Price: $1,175,000

Cap Rate
3.48%
Number of Units
6
GRM
9.79
Occupancy
95.0%
Price/Unit
$195,833
Price/Gross SF
$16.32
Gross SF
72,000

Investment Highlights

  • Add-Value Opportunity
  • One Block from Irving Park Blue Line Stio
  • 6 Parking Spaces
  • (4) 2Bd/1Bath & (2) 1Bd/1Bath Units

Investment Overview

Marcus & Millichap is proud to present 4021 W. Belle Plaine Avenue located in the Old Irving Park neighborhood on the Northwest side of Chicago. The subject property is a six-unit apartment building consisting of (4) 2Bd/1Bath units & (2) 1Bd /1Bath units. Additionally, there are six outdoor parking spaces and on-site laundry. The building is heated by a new hot water boiler system. The Old Irving Park neighborhood is located approximately seven miles northwest of Downtown Chicago and approximately eight miles southeast of O'Hare International Airport. The location is conveniently located near the Kennedy Expressway and is serviced by the CTA Blue Line making it a prime location for workers commuting to Downtown or the airport. Old Irving Park has historically been a very stable neighborhood with high occupancy levels, The low density neighborhood has seen a significant increase new single family home and small 2-4 units buildings. This offering presents an investor to upgrade the apartment finishes and raise the rents significantly to current market levels.

Exclusively Listed By

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