Prime Belmont Cragin investment opportunity consisting of two adjacent 4-unit apartment buildings with three (3) additional non-conforming garden units. Long-term ownership of 20+ years with consistent maintenance and targeted capital improvements. Unit mix includes eight (8) 2BD/1BA apartments plus three (3) non-conforming garden layouts. Apartments feature hardwood flooring with kitchens and baths finished in rental-grade materials including wood cabinetry, laminate countertops, and white appliances. Heat is provided via baseboard systems through central boilers (owner-paid). Property highlights include separately metered electric, two Rheem hot water heaters (2014 & 2015), vinyl windows and tear-off roofs (within last 10 years), and mixed plumbing. Additional amenities include building-owned coin laundry and nine (9) exterior parking spaces. Current rents remain well below market, presenting a clear value-add opportunity through rent increases, parking income, and unit renovations.
Property Features
Listing Courtesy: Compass - 773-598-7388
Based on information submitted to the MLS GRID as of 2025-10-03 08:21:43. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-10-03 08:21:43
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1275 E. Butterfield Rd Suite 200, Wheaton, IL 60189