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5254 W Wolfram Street 5254 W Wolfram St 8 Unit Apartment Building $1,430,818 CAD ($178,852 CAD/Unit) 7.15% Cap Rate Chicago, IL 60641
INVESTMENT HIGHLIGHTS
- Four (4) 2Bd/1Ba & Four (4) 1BD/1Ba Units
- Newer Weil-McLain Boiler
- Desirable Belmont-Cragin Neighborhood
- High Vacancy
EXECUTIVE SUMMARY
Kiser Group proudly presents 5254 W. Wolfram St, an 8-unit multifamily asset located in Chicago’s Belmont Cragin neighborhood. The building consists of (4) one-bedroom units and (4) two-bedroom units, complemented by (3) non-conforming garden apartments. This offering is part of a court-ordered receivership sale.
This property represents a compelling opportunity for investors to unlock significant value. With light cosmetic upgrades to kitchens, bathrooms, and common areas, there is strong potential to enhance rents and overall asset performance.
This property represents a compelling opportunity for investors to unlock significant value. With light cosmetic upgrades to kitchens, bathrooms, and common areas, there is strong potential to enhance rents and overall asset performance.
PROPERTY FACTS Under Contract
| Price | $1,430,818 CAD | Property Subtype | Apartment |
| Price Per Unit | $178,852 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 7.15% | Building Size | 6,500 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1932 |
| Zoning | 10 | ||
| Price | $1,430,818 CAD |
| Price Per Unit | $178,852 CAD |
| Sale Type | Investment |
| Cap Rate | 7.15% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 6,500 SF |
| No. Stories | 3 |
| Year Built | 1932 |
| Zoning | 10 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | 800 |
| 1+1 | 4 | - | 650 |
1 1
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 13-28-129-016-0000 | Improvements Assessment | $84,516 CAD |
| Land Assessment | $21,747 CAD | Total Assessment | $106,263 CAD |
PROPERTY TAXES
Parcel Number
13-28-129-016-0000
Land Assessment
$21,747 CAD
Improvements Assessment
$84,516 CAD
Total Assessment
$106,263 CAD
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5254 W Wolfram Street | 5254 W Wolfram St
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