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5416-22 W Belmont Ave
Chicago, IL 60641
Multifamily Property For Sale
·
18 Units
Investment Highlights
- New construction property, completed in 2024
- Ample surface parking (19 spaces) along alley.
- Desirable unit mix including (3) commercial spaces, (3) ADA/ARO apartments, and (12) 2-bed/2-bath apartments.
Executive Summary
Triton presents 5416-5422 W. Belmont Ave., a newly constructed mixed-useapartment building located in the rapidly appreciating Belmont Cragin
neighborhood. This modern three-story property offers a prime investment opportunity in a flourishing area of Chicago. Situated close to popular dining,
shopping, and recreational destinations, the building is ideally positioned in the heart of the up-and-coming submarket.
The building features three commercial spaces and three ARO/ADA-accessible 2-bedroom apartments on the ground floor, with 12 luxurious 2-bedroom, 2-
bathroom residential units on the upper levels. Each residential unit boasts high-end kitchens, elegant bathrooms, built-in closets, in-unit laundry, central HVAC,
and high end windows, blending contemporary style with modern functionality.
Interiors are finished with premium Lifeproof flooring, sleek light grey walls, and crisp white trim, creating a sophisticated and contemporary atmosphere. The
spacious kitchens are equipped with quartz countertops, soft-close cabinets, and high-quality appliances, including fingerprint-resistant stainless steel refrigerators/freezers and 30" gas ranges with stainless steel microhoods.
Select units feature private balconies, and surface parking is available with alley access. With its superior construction, modern amenities, and a location in a
neighborhood with high growth potential, this building represents an exceptional investment opportunity.
neighborhood. This modern three-story property offers a prime investment opportunity in a flourishing area of Chicago. Situated close to popular dining,
shopping, and recreational destinations, the building is ideally positioned in the heart of the up-and-coming submarket.
The building features three commercial spaces and three ARO/ADA-accessible 2-bedroom apartments on the ground floor, with 12 luxurious 2-bedroom, 2-
bathroom residential units on the upper levels. Each residential unit boasts high-end kitchens, elegant bathrooms, built-in closets, in-unit laundry, central HVAC,
and high end windows, blending contemporary style with modern functionality.
Interiors are finished with premium Lifeproof flooring, sleek light grey walls, and crisp white trim, creating a sophisticated and contemporary atmosphere. The
spacious kitchens are equipped with quartz countertops, soft-close cabinets, and high-quality appliances, including fingerprint-resistant stainless steel refrigerators/freezers and 30" gas ranges with stainless steel microhoods.
Select units feature private balconies, and surface parking is available with alley access. With its superior construction, modern amenities, and a location in a
neighborhood with high growth potential, this building represents an exceptional investment opportunity.
Property Facts Under Contract
| Price Per Unit | $315,363 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 8.39% | Lot Size | 0.29 AC |
| Gross Rent Multiplier | 8.52 | Building Size | 20,400 SF |
| No. Units | 18 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 0.93/1,000 SF |
| Zoning | B2-3 - Community Shopping District - Mixed Use Redevelopment | ||
| Price Per Unit | $315,363 CAD |
| Sale Type | Investment |
| Cap Rate | 8.39% |
| Gross Rent Multiplier | 8.52 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 20,400 SF |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 0.93/1,000 SF |
| Zoning | B2-3 - Community Shopping District - Mixed Use Redevelopment |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Wheelchair Accessible
- Gas Range
- Recycling
- Wi-Fi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 12 | $3,687 CAD | 1,200 |
| 2+1.5 | 1 | $2,173 CAD | 1,000 |
| 2+1 | 2 | $2,173 CAD | 1,000 |
Property Taxes
| Parcel Number | 13-21-328-033-0000 | Improvements Assessment | $74,871 CAD |
| Land Assessment | $10,916 CAD | Total Assessment | $85,787 CAD |
Property Taxes
Parcel Number
13-21-328-033-0000
Land Assessment
$10,916 CAD
Improvements Assessment
$74,871 CAD
Total Assessment
$85,787 CAD
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