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5416 W Belmont Ave

18 Unit Apartment Building $6,461,528 CAD ($358,974 CAD/Unit) 7.70% Cap Rate Chicago, IL 60641

Investment Highlights

  • Brand New Construction Development in Appreciating Location
  • Large Living Area, Spacious Bedrooms and High-end windows Allowing Lots of Natural Light
  • Excellent Unit Mix Featuring 2-bed + 2-bath Apartments with High-End Finishes
  • Offered at 9.49x Income with Significant Cash-on-Cash Return from Day One

Executive Summary

Triton proudly presents 5416-22 W. Belmont Ave., a new construction mixed-use apartment building located in the rapidly growing Belmont Cragin neighborhood. This modern three-story property offers a prime investment opportunity in a flourishing area of Chicago. Situated close to popular dining, shopping, and recreational destinations, the building is perfectly positioned to attract discerning tenants.
The building features three commercial spaces and three ADA-accessible 2-bedroom apartments on the ground floor, with twelve luxurious 2-bedroom, 2- bathroom residential units on the upper levels. Each residential unit boasts high-end kitchens, elegant bathrooms, ample closet space, durable windows, and well-designed living areas, blending contemporary style with modern functionality. The property also includes surface parking with 19 parking spaces.
Interiors are finished with premium Lifeproof flooring, sleek light grey walls, and crisp white trim, creating a sophisticated and contemporary atmosphere. The spacious kitchens are equipped with quartz countertops, soft-close cabinets, and high-quality appliances, including fingerprint-resistant stainless steel refrigerators/freezers and 30" gas ranges with stainless steel micro-hoods. Each unit features an electronic front door lock Select units feature private balconies, and surface parking is available with alley access. With its superior construction, modern amenities, and a location in a neighborhood on the rise, this building represents an exceptional investment opportunity.

Financial Summary (Pro forma - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $758,782 $37.20
Other Income - -
Vacancy Loss $37,939 $1.86
Effective Gross Income $720,843 $35.34
Taxes $84,076 $4.12
Operating Expenses $117,690 $5.77
Total Expenses $201,766 $9.89
Net Operating Income $519,077 $25.44

Financial Summary (Pro forma - 2025)

Gross Rental Income (CAD)
Annual $758,782
Annual Per SF $37.20
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual $37,939
Annual Per SF $1.86
Effective Gross Income (CAD)
Annual $720,843
Annual Per SF $35.34
Taxes (CAD)
Annual $84,076
Annual Per SF $4.12
Operating Expenses (CAD)
Annual $117,690
Annual Per SF $5.77
Total Expenses (CAD)
Annual $201,766
Annual Per SF $9.89
Net Operating Income (CAD)
Annual $519,077
Annual Per SF $25.44

Property Facts

Price $6,461,528 CAD
Price Per Unit $358,974 CAD
Sale Type Investment
Cap Rate 7.70%
No. Units 18
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.29 AC
Building Size 20,400 SF
No. Stories 3
Year Built 2024
Parking Ratio 0.93/1,000 SF

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Microwave
  • Storage Space
  • Washer/Dryer
  • Heating
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Tub/Shower
  • Vinyl Flooring

Site Amenities

  • 24 Hour Access
  • Wheelchair Accessible
  • Gas Range
  • Recycling
  • Wi-Fi

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 12 $3,508 CAD 1,200
2+1 2 $2,873 CAD 1,000
2+1.5 1 $2,943 CAD 1,000
Studios 3 $2,528 CAD 1,200
Walk Score ®
Walker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
13-21-328-033-0000
Land Assessment
$19,613 CAD (2023)
Improvements Assessment
$10,832 CAD (2023)
Total Assessment
$30,445 CAD (2023)
Annual Taxes
$84,076 CAD ($4.12 CAD/SF)
Tax Year
2025

zoning

Zoning Code B2-3
B2-3
  • Listing ID: 33795085

  • Date on Market: 2024-11-07

  • Last Updated:

  • Address: 5416 W Belmont Ave, Chicago, IL 60641

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