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5254 W Wolfram Street 5254 W Wolfram St 8 Unit Apartment Building $1,025,000 ($128,125/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 | $1,025,000 | Property Subtype | Apartment |
| Price Per Unit | $128,125 | 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 | $1,025,000 |
| Price Per Unit | $128,125 |
| 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
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 13-28-129-016-0000 | Improvements Assessment | $60,367 |
| Land Assessment | $15,533 | Total Assessment | $75,900 |
PROPERTY TAXES
Parcel Number
13-28-129-016-0000
Land Assessment
$15,533
Improvements Assessment
$60,367
Total Assessment
$75,900
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5254 W Wolfram Street | 5254 W Wolfram St
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