Properties

Address Map
US
IL
Cook
Chicago
60639
Dickens
4948-58
Avenue
W88° 22' 32.1''
N41° 52' 32''
Located on the northeast corner of Dickens and Lavergne.
CHI - Belmont Cragin
W
Additional Information
6310 SF
11
3
Essex 312, LLC
Quinn Evans
Financial
16837
Listing Information
1017906
88183
Active
2026-05-28T05:06:07Z
MRED
2026-05-28T05:05:30Z
Property Description

4948-58 W. Dickens Ave., a well-cared-for 11-unit apartment property featuring a large corner brick building, a recently paved private parking lot, and a coach house. The Subject Property is comprised of four (4) 3 Bed/1 Bath, five (5) 2 Bed/1 Bath, and two (2) 1 Bed/1 Bath units. Unit finishes feature hardwood floors, a mix of granite and laminate countertops, stainless steel or white appliances, individually furnaced heat and window air conditioning. The property also features a common laundry room and a five (5) car private parking lot. The ideal unit mix offers meaningful rental upside in its current condition. The Belmont Cragin submarket has experienced substantial rent growth, particularly over the past five years, as the neighborhood has broadened its tenant appeal. Demand has increasingly been driven by a younger renter demographic priced out of nearby neighborhoods, alongside the long-standing working-class residents who have historically defined the community. As outlined in the rent comparables included in the offering, similar units have recently achieved rents up to approximately 15 percent above the subject property’s current rent levels. ASSUMABLE DEBT AVAILABLE AT 4.38 percent MATURING 8/1/2032 Freddie Mac SBL loan serviced by Key Bank

Commercial Sale For Sale

4948-58 W Dickens Avenue, Chicago, Illinois 60639

$1,815,000
Listing ID#12656102
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Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12656102
Price : $1,815,000
Year Built : 1847
Listing Status : Active
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