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Executive Summary
Excellent entry-level multifamily opportunity for sale on the corner of N Leclaire and W Barry in hot Belmont-Cragin / Belmont Gardens neighborhood. Turnkey, well-maintained, fully leased 6-unit investment building. Unit mix: (3) 1-bed/1-bath + (3) 2-bed/1-bath.
Building has two sets of coin operated laundry, 2-car garage in rear (additional rental income potential), and individual boilers on top four units. Units features walk-in closets, pantries and original hardwood floors. Located near Wilbur Wright College, public transit, shopping and amenities, the property boasts strong curb appeal with recent sidewalk and tuck pointing work.
Investment has immediate rent-to-market upside with proven rental demand and strong cap-rate upside. Tenant responsible for gas (separate utilities).
Building has two sets of coin operated laundry, 2-car garage in rear (additional rental income potential), and individual boilers on top four units. Units features walk-in closets, pantries and original hardwood floors. Located near Wilbur Wright College, public transit, shopping and amenities, the property boasts strong curb appeal with recent sidewalk and tuck pointing work.
Investment has immediate rent-to-market upside with proven rental demand and strong cap-rate upside. Tenant responsible for gas (separate utilities).
Property Facts
| Price | $800,000 | Building Size | 4,164 SF |
| Price Per Unit | $133,333 | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 6 | Year Built | 1926 |
| Property Type | Multifamily | ||
| Zoning | RM-5 | ||
| Price | $800,000 |
| Price Per Unit | $133,333 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Building Size | 4,164 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1926 |
| Zoning | RM-5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 3 | - | - |
1 1
Exceptionally walkable
90/100
Fairly drivable
40/100
Good public transit
60/100
Moderately bikeable
60/100
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3100 N LeClaire Ave
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