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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



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
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 | - | - |
1 1
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 16-17-409-030-0000 | Improvements Assessment | $369,949 CAD |
| Land Assessment | $30,628 CAD | Total Assessment | $400,577 CAD |
PROPERTY TAXES
Parcel Number
16-17-409-030-0000
Land Assessment
$30,628 CAD
Improvements Assessment
$369,949 CAD
Total Assessment
$400,577 CAD
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Austin 50 | 5944-5946 W Roosevelt Rd
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