Property profile & analytics
5055 W Wrightwood Ave Chicago, IL 60639
- Garden apartment buildings
- 0.18 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-5759445
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Garden apartment buildings
Property Details for 5055 W Wrightwood Ave
- Year built
- 1929
- Lot size
- 0.18 lot acres
- Property type
- Garden apartment buildings
- APN
- 13-28-417-001
- APU
- 1328417001
Description
This 12-unit apartment building, located at 5055 W Wrightwood Ave in Chicago's vibrant Belmont Cragin neighborhood (zip code 60639), offers a compelling investment opportunity. Built in 1927, the 7,400 square foot property boasts a diverse unit mix including two studios, six one-bedroom/one-bathroom units, and four two-bedroom/one-bathroom units. All units feature recently updated kitchens and bathrooms. Significant capital improvements have been made, including the installation of individual HVAC systems for each unit, new vinyl windows, updated copper plumbing, steel porches, and a robust 1200 AMP electrical service. One exterior parking space is also available. The property currently generates a cap rate exceeding 7%, and with a 10% rent increase to market levels, the cap rate is projected to reach 7.35%, offering cash-on-cash returns over 8.4%. This well-maintained building presents a rare chance to acquire a cash-flowing asset with significant upside potential in a desirable Chicago location. The asking price is $1,550,000.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7536
- Latitude
- 41.9276
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$13,835
$13,782
$53,482
$67,264
-
$137,820
$534,820
$672,640
