Property Overview

Interra Realty has been exclusively engaged to market 5057 W. Altgeld Street,. Chicago, for sale. The subject investment property is a 12 unit, walk-up style apartment building in the Belmont Craigin Neighborhood.

The property offers a mix of studio, one, two, and three bedroom layouts. The apartments feature rental quality finishes and have their own furnaces and hot water heaters. There is a parking pad in the rear of the property with two tandem (four total) parking spaces. In 2023, the roof was torn off and replaced with a new TPO roof.

A new investor has the opportunity to acquire a multifamily asset in a growing Chicago submarket. Current rents are well below market levels, presenting upside as-is or with unit modernization.

Highlights

  • Attractive and Diverse Unit Mix
  • Individual Furnaces and Hot Water Heaters
  • On-Site Parking for Four Cars
  • New TPO Roof in 2023 (Full Tear-Off / Replacement)
  • Rents Well Below Market

Key Details

Transaction Date
2024
Number of Units
Twelve (12)
Submarket
Belmont Cragin