5944 Roosevelt RdChicago, IL 60644

Property Details for 5944 Roosevelt Rd

Year built

1925

Lot size

0.39 AC

Property size (Sq ft)

7,200 SF

Property type

Retail residential properties

APN

16-17-409-030

APU

1617409030

Description

This exceptional investment opportunity presents a portfolio of two multifamily properties located in Chicago, Illinois. The portfolio comprises a 38-unit complex situated at 5944-5946 W Roosevelt Rd and a 12-unit building at 5936 W Fillmore St, totaling 50 units. The properties are classified as Class C and currently operate as a mix of apartments and commercial spaces (7 commercial spaces in total). Significant capital improvements exceeding $350,000 have already been completed, with an additional $100,000 in ongoing repairs. These improvements encompass interior renovations, complete roof repairs, exterior repainting, basement work, new porches, and common area repainting. The apartment units are currently well-leased, offering potential for rental increases as leases expire. The Roosevelt Road location benefits from high traffic volume (34,300 vehicles daily) on two major cross streets, presenting a strategic advantage for commercial tenants and future development. The 5944-5946 W Roosevelt Rd property offers a value-add opportunity through the conversion of existing retail space into additional residential units, a plan supported by the local alderman. This portfolio provides a stable, high-return investment with a current cap rate exceeding 7% and significant upside potential. The properties are located in Cook County, Illinois, with a zip code of 60644.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8657

Longitude

-87.7733

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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