3214-24 N. Linder Ave

Belmont Cragin benefits from convenient access to major east–west and north–south arterial roadways, providing efficient connectivity throughout the city and to surrounding suburban employment centers. The area is also supported by nearby retail corridors, neighborhood services, and public transportation options, enhancing overall livability and tenant retention. The immediate surrounding area has historically exhibited limited new multifamily development, which has helped preserve rental demand for existing housing stock. As affordability pressures persist in adjacent submarkets, Belmont Cragin continues to attract renters seeking well-located housing alternatives, reinforcing long-term demand fundamentals. Overall, the location offers investors exposure to a durable, supply-constrained residential submarket, supported by stable neighborhood characteristics and consistent renter demand, making it well suited for long-term multifamily ownership.3214–24 North Linder Avenue presents a renovated, six-unit multifamily asset in Chicago’s Belmont Cragin neighborhood, offering investors a strong acquisition with immediate, stable cash flow. The property has been thoughtfully updated throughout, featuring modern finishes, updated kitchens and baths, and well-maintained interiors. The property is currently fully occupied with a stable tenant base, providing immediate and consistent in-place cash flow from day one. The unit mix consists of four 1 Bed / 1 Bath units and two 2 Bed / 1 Bath units, with average rents of approximately $1,516 per unit, supporting strong and predictable income across all six units. The building benefits from functional layouts and in-unit laundry in select units, contributing to tenant retention and long-term occupancy stability. Additionally, there is potential to further enhance revenue through the addition of rear parking, offering a clear path to incremental income with minimal capital investment. The offering delivers a 7.15% cap rate on current income, providing investors with an attractive yield in a stable, workforce housing submarket. With no near-term capital requirements and consistent performance, the property is well suited for investors seeking a passive, cash-flowing asset in a proven Chicago neighborhood.