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Multifamily

815 W Belle Plaine Ave

815 W Belle Plaine Ave, Chicago, IL 60613

Listing Price: $1,725,000

Cap Rate
5.09%
Number of Units
11
Price/Unit
$156,818
Price/Gross SF
$204.51
Gross SF
8,435

Investment Overview

Marcus & Millichap is proud to present this 11-unit multifamily offering in the Buena Park neighborhood of Chicago. 815 W Belle Plaine is composed of eight One-Bed/One-Bath, two Two-Bed/One-Bath, and one Three-Bed/Two-Bath units. This value-add opportunity offers an investor significant upside potential to renovate the units and increase rents. The subject property is an eight-minute walk to the Chicago Transit Authority’s (CTA) Sheridan Red-Line stop, 16-minute walk to the lake front, 15-minute walk to Wrigleyville, and a six-minute walk to the Irving Park & Broadway 5672 Bus Stop. Buena Park is a small pocket of Uptown. Uptown is a booming entertainment district where Chicago’s rich history and diversity blends together. This up-and-coming neighborhood 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

  • 11-Unit Multifamily Offering
  • Close Proximity to Wrigleyville and the Lakefront
  • Eight-Minute Walk To The Sheridan Red Line
  • Renovation and Rental Upside Potential
  • Beautiful Open Backyard Garden Amenity Space

Exclusively Listed By

Listing Price: $1,725,000

Cap Rate
5.09%
Number of Units
11
Price/Unit
$156,818
Price/Gross SF
$204.51
Gross SF
8,435

Investment Highlights

  • 11-Unit Multifamily Offering
  • Close Proximity to Wrigleyville and the Lakefront
  • Eight-Minute Walk To The Sheridan Red Line
  • Renovation and Rental Upside Potential
  • Beautiful Open Backyard Garden Amenity Space

Investment Overview

Marcus & Millichap is proud to present this 11-unit multifamily offering in the Buena Park neighborhood of Chicago. 815 W Belle Plaine is composed of eight One-Bed/One-Bath, two Two-Bed/One-Bath, and one Three-Bed/Two-Bath units. This value-add opportunity offers an investor significant upside potential to renovate the units and increase rents. The subject property is an eight-minute walk to the Chicago Transit Authority’s (CTA) Sheridan Red-Line stop, 16-minute walk to the lake front, 15-minute walk to Wrigleyville, and a six-minute walk to the Irving Park & Broadway 5672 Bus Stop. Buena Park is a small pocket of Uptown. Uptown is a booming entertainment district where Chicago’s rich history and diversity blends together. This up-and-coming neighborhood 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

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