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Image 1 - 5612-5616 West Grand Avenue, Chicago, IL 60639, USA - House for sale
Image 2 - 5612-5616 West Grand Avenue, Chicago, IL 60639, USA - House for sale
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Home For Sale In Chicago, Illinois
5612-5616 West Grand Avenue, Chicago, IL 60639, USA

Home For Sale In Chicago, Illinois

house for sale
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Listed: 04/03/24

5612-5616 West Grand Avenue, Chicago, IL 60639, USA

Studio Bed:
2 Bath:
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Price
$ 2,25M

About This House

This exciting investment opportunity features three adjacent 3-unit new construction apartment buildings located in Chicago's Belmont Cragin neighborhood in a CHA Mobility Area. Completed in 2022, each building consists of three 3BD/2Ba units with luxury finishes, individual HVAC, and in-unit laundry. The apartments layout favorably with open floor plans and a large primary bedroom/bath. Units feature a dedicated parking space, private balcony or patio, storage, and individual water tanks. This is an opportunity to buy a newly-constructed, well-designed and highly-amenitized asset that is among the nicest product in a still affordable submarket. Achieve stability and rent upside with professional management and leasing. The properties are situated northwest of downtown Chicago near Hanson Park in the Belmont Cragin Neighborhood. This quiet …  Full description

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Hanson Park Housing & Living

Household Income

Median household income: $57,238
Number of households: 1,1M
The average household income in Chicago, IL grew from $55,295 to $57,238 in the past year. This data is an estimate based upon 1,1M households in Chicago, IL.
The chart below presents how household income is distributed in Chicago, IL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Chicago, IL compared to median property taxes around the country. The prevalent amount of property taxes in Chicago, IL equals $3k+ , which is more than the national average.