🔹 JUST LISTED – 18 Unit New Construction Mixed-Use Belmont Cragin Building📍 5416-5422 W. Belmont Ave.💰 Offered at $4,500,000
- Triton Realty Group
- 5 days ago
- 1 min read
Triton Realty Group is pleased to offer a newly constructed mixed-use asset in Belmont Cragin, a stable Chicago's northwest side neighborhood. This stabilized property offers an ideal combination of quality construction, rental upside, and long-term neighborhood growth—perfect for investors seeking a solid return and low-maintenance asset.
📌 Deal Highlights:
✔ 18 Units: Featuring twelve (12) 2-bed, 2-bath apartments, two (2) 2-bed / 1 -bath (ADA), one (1) 2-bed / 1.5-bath (ADA), and three (3) ground-floor retail spaces
✔ High-end finishes – quartz countertops, stainless steel appliances, new modern flooring and modern cabinetry
✔Private Balconies in select units and 19 surface parking spaces
📊 Performance Metrics:
• Cap Rate (Current): 6.69%
• GRM (Current): 9.68
• Cap Rate (Pro Forma): 7.80% (with market rent + parking income), most units leased off-season, presenting significant upside.
• GRM (Pro Forma): 8.70
📩 Reach out to the Triton team for a full offering memorandum and tour availability.
📞 (847) 778-8746
📞 (952) 607-9570
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