5647 West Wellington AvenueChicago, IL 60634

This exceptional 12-unit, three-story walk-up building is situated in Chicago's desirable Belmont Cragin neighborhood. The property boasts twelve spacious one-bedroom, one-bathroom units, each featuring modern kitchens and bathrooms, reflecting recent cosmetic updates. Meticulous maintenance by the current owner is evident throughout. Significant capital improvements have recently been completed, including a newer boiler with R&D controls, a new water heater, recent tuckpointing, newer windows, updated copper plumbing (horizontal lines), and new porches. Adding to the property's appeal are four on-site garage parking spaces. This investment opportunity offers an immediate cash flow with an in-place capitalization rate exceeding 7.48%. Further potential exists to increase the capitalization rate to 8.14% and achieve nearly 9.89% cash-on-cash returns through improved leasing, management strategies, and rent adjustments to market levels already present within the building. The property sits on a 0.19-acre lot and offers a total building size of 8,400 square feet. This is a rare opportunity to acquire a well-maintained, cash-flowing multifamily asset in a prime Chicago location.