6 Units | Belmont Cragin

Investment Overview

Kiser Group is pleased to exclusively offer for purchase 5635 W. Wellington Ave, a six (6) unit building in Chicago's Belmont Cragin neighborhood. The subject property is well-positioned in one of the city's most active Northwest Side multifamily submarkets, offering tenants convenient access to the Belmont-Central retail corridor, Metra's Milwaukee District West Line, and the Kennedy Expressway (I-90/94) for quick travel throughout Chicagoland. 5635 W. Wellington Ave has a unit mix consisting of four (4) 1Bd/1Ba and two (2) 2Bd/1Ba units. Recent capital improvements include, but are not limited to, a newer boiler, newer porches, and replacement of most windows throughout the building. 5635 W. Wellington Ave presents investors with a compelling opportunity to acquire a well-maintained asset with clear upside. In-place rents currently sit approximately 12% below market in as-is condition, with potential to push them further through targeted cosmetic enhancements to the units.

Investment Highlights

• 6-unit multifamily in Chicago's Belmont Cragin — one of the Northwest Side's most active submarkets
• Recent capital improvements including a newer boiler, newer porches, and most windows replaced
• Unit mix: four 1-bed/1-bath and two 2-bed/1-bath units
• Rents currently 12% below market as-is, with additional upside through light cosmetic updates