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    5254-56 W Wolfram St Chicago, IL 60641

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    For Sale
    $1,350,000

    Eight above-ground units plus four garden units in Belmont Cragin.

    Property Features for 5254-56 W Wolfram St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1932

    Source: COLDWELL BANKER REALTY Agent JACEK PIKTEL

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Belmont Cragin Multifamily Investment Opportunity

    This is a larger yellow octagon 8-unit multifamily brick building located on a corner lot in Belmont Cragin. All eight apartments are above ground and feature good-sized layouts, with four units offering two bedrooms and another four units offering one bedroom. In addition, there are four non-conforming garden units. The property features three different layouts and sizes of large apartments, with hardwood floors throughout and ample closet space, including pantries. Some apartments include formal dining rooms. There are two entries, one from W Wolfram St and another from N Lockwood Ave. The property includes a patio and a 2-car brick garage at the back. A newer (2017) central boiler is in place. The basement has coin laundry and individual storage lockers. The property is located blocks from bus public transportation.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7586643
    Latitude
    41.9325554

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    FAQs

    What type of property is this?
    Apartment building - Eight above-ground units plus four garden units in Belmont Cragin.
    Where is this apartment building located?
    The property is located at 5254-56 W Wolfram St Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - Eight above-ground apartments, featuring four 2-bedroom and four 1-bedroom units.; - Four additional non-conforming garden units offer potential for increased income.; - Newer (2017) central boiler ensures efficient heating.
    Request Owner's contact information
    5254-56 W Wolfram St Chicago, IL 60641
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5254-56 W Wolfram St Chicago, IL 60641
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