Chicago, IL 60639 4948-58 W Dickens Avenue
$1,815,000



11 more











Presented By: Essex 312, LLC
Home Details
4948-58 W. Dickens Ave., a well-cared-for 11-unit apartment property featuring a large corner brick building, a recently paved private parking lot, and a coach house. The Subject Property is comprised of four (4) 3 Bed/1 Bath, five (5) 2 Bed/1 Bath, and two (2) 1 Bed/1 Bath units. Unit finishes feature hardwood floors, a mix of granite and laminate countertops, stainless steel or white appliances, individually furnaced heat and window air conditioning. The property also features a common laundry room and a five (5) car private parking lot. The ideal unit mix offers meaningful rental upside in its current condition. The Belmont Cragin submarket has experienced substantial rent growth, particularly over the past five years, as the neighborhood has broadened its tenant appeal. Demand has increasingly been driven by a younger renter demographic priced out of nearby neighborhoods, alongside the long-standing working-class residents who have historically defined the community. As outlined in the rent comparables included in the offering, similar units have recently achieved rents up to approximately 15 percent above the subject property's current rent levels. ASSUMABLE DEBT AVAILABLE AT 4.38 percent MATURING 8/1/2032 Freddie Mac SBL loan serviced by Key Bank
Presented By: Essex 312, LLC
General for 4948-58 W Dickens Avenue
Additional Parcels Y/NNo
CityChicago
CountyCook
DirectionsLocated on the northeast corner of Dickens and Lavergne.
Electric Expense1338
Fuel Expense
Gross Income186600
Insurance Expense7590
Lot Size Square Feet6310
MLS AreaCHI - Belmont Cragin
MaintenanceExpense5500
Net Operating Income112994
Number Of Units Total11
Operating Expense72582
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount16837
Tax Year2024
Trash Expense5037
Water Sewer Expense13069
Year Built1847
Exterior for 4948-58 W Dickens Avenue
Lot Dimensions6310 SF
Additional Details
Price History
