ON MARKET – MULTI-FAMILY
6112 W Diversey Avenue Chicago, IL 60639
PRICE
$4,100,000
NUMBER OF UNITS
24
CAP RATE
5.6%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale, 6112 West Diversey Avenue, located in the Belmont Cragin neighborhood of Chicago. The property was completed in 2008 and includes (24) 2Bd/2Ba condo quality units consisting of 1,000 square feet. The units all feature open layouts and include hardwood floors, gourmet kitchens with stainless steel appliances & granite countertops, individual HVAC, in-unit laundry, private balconies, and exterior parking in the back of the building.

The property provides investors the ability to increase rents on average $150-200 per month with units in their current condition, and even further with minor cosmetic updates to the kitchens and bathrooms. In addition, The property is still owned by the original builder, offering investors the opportunity for the first time to purchase a new construction property in a high-demand submarket of western Chicago.

LOCATION DETAILS

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HIGHLIGHTS
  • First Time Ever on the Market
  • 24-unit Condo Building Delivered in 2008
  • All 2Bd/2Ba Units with High End Finishes and In-unit Laundry
  • Rare Opportunity to Scale Up in Belmont Cragin Neighborhood
  • Ability to Increase Rents on Average $150-200 per Month "as-is"
LISTING BROKER
Derek Kaptanoglu
Director
773.305.4862