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Austin 50 5944-5946 W Roosevelt Rd 50 Unit Apartment Building $4,885,720 CAD ($97,714 CAD/Unit) 6.15% Cap Rate Chicago, IL 60644

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INVESTMENT HIGHLIGHTS

  • Significant Capital Improvements
  • Economic Drivers
  • Excellent Demogrpahics
  • Superior Location & Amenities
  • Value-Add Opportunity

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Austin 50, a two-property mixed-use investment located at 5944-5946 W Roosevelt Road and 5936 W Fillmore Street in the Austin neighborhood of Chicago, Illinois (the “Properties”). Situated in a high-density, urban-infill location in Chicago’s Austin neighborhood, the Properties offer a highly walkable setting near the vibrant Roosevelt Road commercial corridor and the Oak Park border, with convenient access to the CTA Blue Line at Austin Station, the Eisenhower Expressway (I-290), downtown Chicago, and numerous neighborhood parks, schools, and community amenities. The Properties consist of a 38-unit mixed-use complex at 5944–5946 W Roosevelt Road and a stabilized 12-unit multifamily building at 5936 W Fillmore Street. Together, the Properties contain a total of fifty (50) units comprised of seven (7) commercial units, sixteen (16) 2-Bedroom/1 Bathroom units, nineteen (19) 1-Bedroom/1-Bathroom units, and eight (8) Studio units with 39,405 square feet of leasable area in 55,100 square feet of total gross area on a combined 0.56 acres of land. The Properties have been subject to significant capital improvements, with further repairs in progress to enhance long-term value and tenant appeal. The Austin 50 offer the opportunity to acquire well-located investment properties with value-add potential in an exceptional, urban-infill setting within Chicago’s Austin neighborhood. The Properties are ideal for an investor seeking strong investment returns and an attractive value-add opportunity through repositioning in a high-visibility commercial corridor. The Austin submarket continues to benefit from ongoing community investment, infrastructure improvements, and proximity to major transit routes, supporting long-term rental demand and potential rent growth in the years ahead.

PROPERTY FACTS

Price $4,885,720 CAD
Price Per Unit $97,714 CAD
Sale Type Investment
Cap Rate 6.15%
No. Units 50
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Low-Rise
Building Class C
Lot Size 0.56 AC
Building Size 38,850 SF
No. Stories 3
Year Built 1925
Zoning B3-2 - General Business Zoning District

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Heating

SITE AMENITIES

  • Property Manager on Site

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 7 - -
Studios 2 - -
1+1 10 - -
2+1 19 - -
Walk Score®
Very Walkable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16-17-409-030-0000
Land Assessment
$30,628 CAD
Improvements Assessment
$369,949 CAD
Total Assessment
$400,577 CAD
  • Listing ID: 38072277

  • Date on Market: 2025-10-14

  • Last Updated:

  • Address: 5944-5946 W Roosevelt Rd, Chicago, IL 60644

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