Property Description
Triton Realty Group, LLC proudly presents 4825-31 N. Springfield Ave., a 28 unit multi-family building located in Chicago's Albany Park neighborhood. This elegant brick courtyard property embodies the perfect blend of old-world elegance and modern comforts. As you enter through the wrought iron gate, you'll be greeted by meticulously cared-for common areas and wellmaintained landscaping. The building's stunning brick exterior showcases intricate detailing and timeless
craftsmanship that has withstood the test of time, exuding character and creating an inviting atmosphere.
Merging classic charm with contemporary comforts, the property features a desirable unit mix of 21 studios, six (6) one-bedroom/one-bath, and one (1) twobedroom/one-bath apartments, each unit offers hardwood floors, an abundance of natural sunlight, ceiling fans, and updated kitchens and bathrooms. The studio units are thoughtfully designed with a separate living/bedroom space apart from the kitchen. The building's mechanical systems, including an updated control system for the boiler and a recently replaced hot water tank, are well-maintained. The plumbing consists of a mixture of copper and galvanized pipes, and all electrical wiring has been upgraded to copper as well. Don't miss this unique opportunity to own a piece of Chicago's rich heritage.
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Property Details
Property Type
Multifamily
Year Built
1925
Year Renovated
Current Cap-Rate
5.09%
Pro Forma Cap-Rate
6.60%
Property Highlights
● 28 Unit Courtyard Building
● Prime Location in Albany Park
● Rental Upside in Existing Condition
● Well Maintained Professionally Managed Building with 100% Occupancy