Skip to main content

Multifamily

5220 N Christiana Ave

5220 N Christiana Ave, Chicago, IL 60625

Listing Price: $950,000

Cap Rate
4.04%
Number of Units
6
Price/Unit
$158,333
Price/Gross SF
$131.94
Gross SF
7,200

Investment Overview

Marcus & Millichap is pleased to present this multifamily opportunity in the North Park neighborhood of Chicago, Illinois. The subject property consists of six apartments and a two-car garage with room for additional spaces. Apartments feature vintage finishes, hardwood floors throughout, and decorative fireplaces. The subject property is two-minute walk to Chicago Transit Authority’s (CTA) 82, a three-minute to the CTA’s 93 bus stop, and less than a five-minute walk to both Northeastern Illinois University and North Park University. The property is also a 13-minute walk to CTA’s Kimball Brown Line train stop. The neighborhood of North Park is home to Northeastern Illinois University (NEIU) and North Park University. NEIU is home to approximately 9,000 students at this main campus location, with three other locations throughout the metropolitan area. North Park University was founded in 1891 at this very location, and is home to approximately 3,000 students. North Park is also home to numerous chain and boutique restaurants for students and neighborhood residents. Within a short walk of the Brown Line and I-94, this neighborhood is quieter with direct access to downtown.

Investment Highlights

  • Excellent North Park Location
  • Six Apartments and a Two-Car Garage
  • Short Walk to Both North Park University and Northeastern Illinois University
  • Value-Add Opportunity

Exclusively Listed By

Listing Price: $950,000

Cap Rate
4.04%
Number of Units
6
Price/Unit
$158,333
Price/Gross SF
$131.94
Gross SF
7,200

Investment Highlights

  • Excellent North Park Location
  • Six Apartments and a Two-Car Garage
  • Short Walk to Both North Park University and Northeastern Illinois University
  • Value-Add Opportunity

Investment Overview

Marcus & Millichap is pleased to present this multifamily opportunity in the North Park neighborhood of Chicago, Illinois. The subject property consists of six apartments and a two-car garage with room for additional spaces. Apartments feature vintage finishes, hardwood floors throughout, and decorative fireplaces. The subject property is two-minute walk to Chicago Transit Authority’s (CTA) 82, a three-minute to the CTA’s 93 bus stop, and less than a five-minute walk to both Northeastern Illinois University and North Park University. The property is also a 13-minute walk to CTA’s Kimball Brown Line train stop. The neighborhood of North Park is home to Northeastern Illinois University (NEIU) and North Park University. NEIU is home to approximately 9,000 students at this main campus location, with three other locations throughout the metropolitan area. North Park University was founded in 1891 at this very location, and is home to approximately 3,000 students. North Park is also home to numerous chain and boutique restaurants for students and neighborhood residents. Within a short walk of the Brown Line and I-94, this neighborhood is quieter with direct access to downtown.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower