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$795,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12664178
Maintenance Fees $2,500
Year Built 1930
Annual Tax Amount $14,500
Tax Year 2024
Lot Dimensions 25x125
Property Sub-Type Multi Family 5+
Property Description
This secured, six-unit asset features individual tenant-paid utilities, separate furnaces and hot water tanks, an integrated camera security and master lock system, and on-site coin-operated laundry. Located at 4854 W Armitage Ave in Chicago's Belmont Cragin neighborhood, this circa-1930, three-story multifamily building spans approximately 5,676 square feet of interior space configured into high-demand two-bedroom, one-bathroom layouts. Investing in 4854 West Armitage Avenue provides a strategic entry into a resilient submarket where demand for mid-sized multifamily assets remains robust, offering a classic Chicago-style architecture play with immediate value-add upside. The highly walkable location boasts a Walk Score of 82, immediate proximity to the CTA #73 Armitage bus (connecting to the Western Blue Line), steps to the Armitage and Cicero stop, a rapid downtown commute via the nearby Healy Metra Station, and close proximity to the 38-acre Hanson Park complex to anchor long-term tenant retention.
Location
State IL
County Cook
Area Chi - Belmont Cragin
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
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Listed by Stephen Rachman of Marcus & Millichap Chicago Apartment Brokers
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Jay English
Licensed Broker & Investor | License ID: 475.212444
Licensed Broker & Investor License ID: 475.212444