5232 Glenwood/1406 Farragut

Investment Highlights

• This multi-family property promises an impressive return on investment, with a strategic location that ensures high demand and consistent rental income.
• Discover the investment opportunity of a lifetime at 5232 N Glenwood! This multi-family property is a cash flow machine waiting to be unleashed, offering a high ROI that will make your financial dreams a reality. With its prime location and strong rental history, this property is a savvy investor's golden ticket to success. Don't miss out on this chance to secure your future with a smart investment in the bustling real estate market!
• Value-add already underway: multiple units noted as rehabbed/partial rehab, including in-unit W/D in several 3BD/2BA units
• 12-unit multifamily with a large-unit mix geared toward strong renter demand: 3× 2BD/1BA (~933 SF) 9× 3BD layouts (mix of 3BD/2BA ~1,120–1,190 SF and 3BD/1BA)
• In-place cash flow with clear upside: Current rents: $28,255/mo Market rents shown: $31,800/mo Upside: +$3,545/mo (+$42,540/yr) by moving toward market
• Parking income upside: Current parking: $3,000/yr Pro forma parking: $7,500/yr

Neighborhood Highlights

• The property is located in the Andersonville neighborhood of Chicago, known for its diverse population and vibrant cultural scene.
• Walkable Andersonville conveniences: CTA transit, Clark St dining/nightlife and boutiques, groceries/essentials, gyms/wellness, coffee/coworking, parks + lakefront/beaches, plus everyday services and pet-friendly spots.
• Community anchors: theaters/live performance, galleries, seasonal street fests and farmers markets
• Parks & lakefront: quick access to the Lakefront Trail and nearby beaches (Foster/Edgewater area)
• The neighborhood boasts a mix of residential and commercial properties, making it an attractive area for both living and investing.