Turnkey 6-Unit Multifamily Sale Shines in Chicago’s Belmont Cragin
Turnkey 6-Unit Multifamily Sale Shines in Chicago’s Belmont Cragin
Sale at a Glance
In the heart of Chicago’s vibrant Belmont Cragin neighborhood, 6133-35 West Belmont Avenue—a classic six-unit multifamily property—changed hands in a seamless transaction led by Triton Realty Group’s Luke Wojcik. Closed on July 22, 2026 for $675,000, this sale stands out as a testament to the enduring demand for stabilized, well-maintained apartment assets in a high-velocity submarket. The property’s scale, solid tenancy, and strategic position along a bustling commercial corridor captured investor attention and inspired fierce competition.
Sale Details
This transaction set a new benchmark for multifamily investment in the area.
Address: 6133-35 West Belmont Avenue, Chicago, IL 60634
Sale Price: $675,000
Closed Date: July 22, 2026
Broker: Luke Wojcik, Triton Realty Group
Units: 6
Neighborhood: Belmont Cragin
Asset Class: Multifamily
Property Highlights
A snapshot of what made this asset a magnet for multifamily buyers:
Prime Location: Situated amid Belmont Cragin’s bustling retail, dining, and transit corridors, offering unmatched convenience for tenants.
Building Size: 7,400 sq. ft. with a balanced mix of spacious units, maximizing both income and livability.
Stabilized Occupancy: Historically strong tenancy, providing investors with immediate cash flow and minimal downtime.
Solid Construction: Classic Chicago masonry with enduring curb appeal and low ongoing maintenance requirements.
Accessibility: Easy access to major thoroughfares and public transportation, supporting strong rental demand.
Key Investment Features
This sale awakened investors’ desire for stability and future upside:
Turnkey Opportunity: Fully leased at market rents, delivering reliable income from day one.
Operational Efficiency: Streamlined management with separately metered utilities and low expense ratio.
Strong Submarket Fundamentals: Belmont Cragin continues to see rising rents, low vacancy, and sustained population growth.
Value Preservation: Well-maintained building with potential for cosmetic upgrades and future rent growth.
Market Strategy and Positioning
This property was positioned to attract both seasoned multifamily investors and newcomers seeking scale in a proven Chicago submarket. By highlighting the asset’s stabilized performance and minimal capital needs, Triton Realty Group’s marketing campaign generated multiple qualified offers within days of launch. Expert guidance and hands-on deal management by Luke Wojcik ensured a smooth process from contract to close, leveraging deep local relationships and strategic timing to maximize value for the seller. The result is not just a completed sale, but a blueprint for future success in a dynamic rental market.
Frequently Asked Questions (FAQs)
This Belmont Cragin multifamily sale has sparked curiosity among investors and local owners alike.
What made this property stand out in Belmont Cragin? Its turnkey condition, solid occupancy history, and proximity to neighborhood amenities made it highly attractive to buyers.
How quickly did the property go under contract? Marketing generated multiple offers within the first week, reflecting strong demand for stabilized assets in this submarket.
What is the unit mix? The building features six spacious residential units, each designed for optimal tenant appeal and rental income.
Are there opportunities for future value-add? While fully leased and operational, selective cosmetic upgrades could unlock future rent growth and appreciation.
How did the sales price compare to other recent transactions? Achieving $675,000 set a competitive benchmark for similar properties in the area, underscoring investor confidence in Belmont Cragin multifamily.
Want to achieve results like this?
Contact Triton Realty Group’s Luke Wojcik to discuss your property goals in Chicago and beyond.
