5055 W Wrightwood AveChicago, IL 60639

This exceptional 12-unit walk-up building is located in Chicago's vibrant Belmont Cragin neighborhood at 5055 W. Wrightwood Ave, 60639. The property boasts a diverse unit mix, including two studio apartments, six one-bedroom/one-bathroom units, and four two-bedroom/one-bathroom units. All units feature recently updated kitchens and bathrooms, enhancing their appeal to tenants. Significant capital improvements have been made, including the installation of individual HVAC systems for each unit, ensuring optimal climate control and tenant comfort. Further upgrades include newer vinyl windows, updated copper plumbing, durable steel porches, and a robust 1200 AMP electrical service. One exterior parking space is available at the rear of the building. The property sits on a 0.17-acre lot and offers a total building size of 7,400 square feet. Currently generating a cap rate exceeding 7.3%, this asset presents a compelling investment opportunity. With potential for rent increases to market levels (approximately 10%), the cap rate could reach 7.73%, yielding cash returns over 8.74%. This well-maintained property offers immediate cash flow and significant upside potential for the discerning investor.