5544 North AveChicago, IL 60639

Property Details for 5544 North Ave

Year built

1914

Property size (Sq ft)

18,750 SF

Property type

Mixed-use properties

Property subtype

Other retail properties

Description

This exceptional mixed-use property, located at 5544 W. North Avenue in Chicago, Illinois, presents a compelling investment opportunity. The 18,750-square-foot building, constructed in 1914, sits on a 6,250-square-foot lot and boasts a strong 9.00% capitalization rate. Currently fully vacant, this 26-unit building offers significant upside potential. The unit mix includes sixteen one-bedroom, one-bathroom units and eight two-bedroom, one-bathroom units. Adding to its versatility, the property also features two ground-level commercial storefront spaces. Several units have undergone improvements, including new windows, rough electrical and plumbing work, framing, and drywall installation. Previous development plans are available for review, providing a solid foundation for future renovations or continued development. The asking price is $799,000, translating to $42.61 per square foot. This property is being sold as-is. This prime location in Chicago's Cook County offers investors a chance to capitalize on a strong market and a high-yield asset. The property's size and unit mix provide flexibility for a variety of investment strategies. Don't miss this chance to acquire a substantial multifamily and retail investment in a desirable Chicago neighborhood.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9095

Longitude

-87.7648

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