Value-add 11-unit corner building in Belmont Cragin. Built in 1927, this 8,200 SF masonry brick asset features nine (9) upper-level apartments - four (4) studios, one (1) one-bedroom and four (4) two-bedrooms, on the ground floor there are two (2) storefronts totaling 3,000 SF, both currently vacant. Corner position on a high-traffic, high-visibility stretch of Cicero Ave at Wellington. In-place residential income today with significant value-add opportunity through cosmetic unit renovation and build-out/lease-up of the retail space. Estimated renovation budget of $235,000 to achieve the pro forma rents reflected ($15k/Apartment Unit, $100K budget to vanilla box the two commercial units). CAP/GRM are based on the pro forma estimates, including the renovation budget. Units are separately metered. Offering memorandum includes the current rent roll. Pro forma projections are estimates and are not guaranteed. CTA bus service on Cicero Ave with I- 90/94 access to downtown and O'Hare.

Listing Courtesy of MRED as distributed by MLS Grid of Triton Realty Group LLC



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Last checked: 2026-10-15 12:02 PM UTC
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