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5254 W Wolfram Street 5254 W Wolfram St 8 Unit Apartment Building $1,405,060 CAD ($175,632 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 | $1,405,060 CAD | Property Subtype | Apartment |
| Price Per Unit | $175,632 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 | $1,405,060 CAD |
| Price Per Unit | $175,632 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
Exceptionally walkable
100/100
Fairly drivable
40/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 13-28-129-016-0000 | Improvements Assessment | $82,766 CAD |
| Land Assessment | $21,297 CAD | Total Assessment | $104,063 CAD |
Property Taxes
Parcel Number
13-28-129-016-0000
Land Assessment
$21,297 CAD
Improvements Assessment
$82,766 CAD
Total Assessment
$104,063 CAD
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5254 W Wolfram Street | 5254 W Wolfram St
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