3214-24 N. Linder Ave

Investment Overview

3214–24 North Linder Avenue presents a renovated, six-unit multifamily asset in Chicago’s Belmont Cragin neighborhood, offering investors a strong acquisition with immediate, stable cash flow. The property has been thoughtfully updated throughout, featuring modern finishes, updated kitchens and baths, and well-maintained interiors. The property is currently fully occupied with a stable tenant base, providing immediate and consistent in-place cash flow from day one. The unit mix consists of four 1 Bed / 1 Bath units and two 2 Bed / 1 Bath units, with average rents of approximately $1,516 per unit, supporting strong and predictable income across all six units. The building benefits from functional layouts and in-unit laundry in select units, contributing to tenant retention and long-term occupancy stability. Additionally, there is potential to further enhance revenue through the addition of rear parking, offering a clear path to incremental income with minimal capital investment. The offering delivers a 7.15% cap rate on current income, providing investors with an attractive yield in a stable, workforce housing submarket. With no near-term capital requirements and consistent performance, the property is well suited for investors seeking a passive, cash-flowing asset in a proven Chicago neighborhood.