This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

5416 W Belmont Ave

18 Unit Block of Flats £3,610,958 (£200,609/Unit) 7.70% Net Initial Yield Chicago, IL 60641

Investment Highlights

  • Brand New Construction Development in Appreciating Location
  • Large Living Area, Spacious Bedrooms and High-end windows Allowing Lots of Natural Light
  • Excellent Unit Mix Featuring 2-bed + 2-bath Apartments with High-End Finishes
  • Offered at 9.49x Income with Significant Cash-on-Cash Return from Day One

Executive Summary

Triton proudly presents 5416-22 W. Belmont Ave., a new construction mixed-use apartment building located in the rapidly growing Belmont Cragin neighborhood. This modern three-story property offers a prime investment opportunity in a flourishing area of Chicago. Situated close to popular dining, shopping, and recreational destinations, the building is perfectly positioned to attract discerning tenants.
The building features three commercial spaces and three ADA-accessible 2-bedroom apartments on the ground floor, with twelve luxurious 2-bedroom, 2- bathroom residential units on the upper levels. Each residential unit boasts high-end kitchens, elegant bathrooms, ample closet space, durable windows, and well-designed living areas, blending contemporary style with modern functionality. The property also includes surface parking with 19 parking spaces.
Interiors are finished with premium Lifeproof flooring, sleek light grey walls, and crisp white trim, creating a sophisticated and contemporary atmosphere. The spacious kitchens are equipped with quartz countertops, soft-close cabinets, and high-quality appliances, including fingerprint-resistant stainless steel refrigerators/freezers and 30" gas ranges with stainless steel micro-hoods. Each unit features an electronic front door lock Select units feature private balconies, and surface parking is available with alley access. With its superior construction, modern amenities, and a location in a neighborhood on the rise, this building represents an exceptional investment opportunity.

Financial Summary (Pro forma - 2025)

Annual Annual Per SF
Gross Rental Income £425,073 £20.84
Other Income - -
Vacancy Loss £21,254 £1.04
Effective Gross Income £403,819 £19.80
Taxes £47,099 £2.31
Operating Expenses £65,931 £3.23
Total Expenses £113,030 £5.54
Net Operating Income £290,789 £14.25

Financial Summary (Pro forma - 2025)

Gross Rental Income
Annual £425,073
Annual Per SF £20.84
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual £21,254
Annual Per SF £1.04
Effective Gross Income
Annual £403,819
Annual Per SF £19.80
Taxes
Annual £47,099
Annual Per SF £2.31
Operating Expenses
Annual £65,931
Annual Per SF £3.23
Total Expenses
Annual £113,030
Annual Per SF £5.54
Net Operating Income
Annual £290,789
Annual Per SF £14.25

Property Facts

Price £3,610,958
Price Per Unit £200,609
Sale Type Investment
Net Initial Yield 7.70%
No. Units 18
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.29 AC
Building Size 20,400 SF
Number of Floors 3
Year Built 2024
Parking Ratio 0.93/1,000 SF

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Microwave
  • Storage Space
  • Washer/Dryer
  • Heating
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Tub/Shower
  • Vinyl Flooring

Site Amenities

  • 24 Hour Access
  • Wheelchair Accessible
  • Gas Range
  • Recycling
  • Wi-Fi

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+2 12 £1,961 1,200
2+1 2 £1,605 1,000
2+1.5 1 £1,645 1,000
Studios 3 £1,413 1,200
Walk Score ®
Walker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
13-21-328-033-0000
Land Assessment
£11,039 (2023)
Improvements Assessment
£6,097 (2023)
Total Assessment
£17,136 (2023)
Annual Taxes
£47,099 (£2.31/sf)
Tax Year
2025

zoning

Zoning Code B2-3
B2-3
  • Listing ID: 33795085

  • Date on Market: 07/11/2024

  • Last Updated:

  • Address: 5416 W Belmont Ave, Chicago, IL 60641

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}