Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 4003-09 W. Wellington Ave. (the “Property”), a nineteen-unit mixed-use condominium building located in the Belmont Gardens neighborhood of Chicago. Each apartment and commercial space is individually pinned and currently owned by a single entity, providing a rare opportunity for a new owner to pursue a condominium deconversion in a prime location.

The unit mix includes three (3) 1 Bed / 1 Bath units, twelve (12) 2 Bed / 1 Bath units, one (1) 3 Bed / 1 Bath unit, and three (3) ground-floor commercial storefronts. Apartments feature hardwood flooring with abundant natural light, while kitchens and bathrooms have been remodeled with stainless steel appliances, wood cabinetry, and laminate countertops.

Property highlights include individual forced-air furnaces, separately metered electric and cooking gas, and domestic hot water provided by a common Rheem hot water heater replaced in 2020. Ownership has completed several capital improvements within the past five years, including resurfacing the roof (2021), extensive tuckpointing, upgrades to select electrical breaker boxes, replacement and repair of multiple gutters, and enhancements to the internal porch system. These recent updates ensure well-maintained core systems and reduce near-term capital expenditure requirements for a new owner.

With a desirable unit mix, consistent neighborhood housing demand, and Ten (10) Section 8 subsidy tenants providing guaranteed rent collections, the Property represents a compelling opportunity for durable cash flow and long-term appreciation.