5944 Roosevelt Rd 46 Chicago, IL 60644-1471

This exceptional investment opportunity presents a portfolio of two multifamily properties located in Chicago, Illinois. The portfolio comprises a 38-unit complex situated at 5944-5946 W Roosevelt Rd and a 12-unit building at 5936 W Fillmore St, totaling 50 units. The properties are classified as Class C and currently operate as a mix of apartments and commercial spaces (7 commercial spaces in total). Significant capital improvements exceeding $350,000 have already been completed, with an additional $100,000 in ongoing repairs. These improvements encompass interior renovations, complete roof repairs, exterior repainting, basement work, new porches, and common area repainting. The apartment units are currently well-leased, offering potential for rental increases as leases expire. The Roosevelt Road location benefits from high traffic volume (34,300 vehicles daily) on two major cross streets, presenting a strategic advantage for commercial tenants and future development. The 5944-5946 W Roosevelt Rd property offers a value-add opportunity through the conversion of existing retail space into additional residential units, a plan supported by the local alderman. This portfolio provides a stable, high-return investment with a current cap rate exceeding 7% and significant upside potential. The properties are located in Cook County, Illinois, with a zip code of 60644.