Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 6340 W Belmont Avenue (the “Property”/”Investment”), a fifty-four-unit multifamily investment located in Chicago’s Belmont Cragin neighborhood.

The four-story property is situated upon ±32,240 square feet of land with ±240 feet of frontage along Belmont Avenue. Block Belmont is a newly constructed luxury multifamily development offering a diverse range of unit types, including studios, 1- to 3-bedroom apartments, and loft-style units. Designed with high-end finishes such as stainless-steel appliances, kitchen islands, floor-to-ceiling windows, in-unit washers and dryers, and built-in electric fireplaces, the Property sets a new standard for upscale living. With 56 parking spaces, including 30 indoor garage spots and 26 surface spaces available for lease, tenants enjoy convenience and accessibility. The fully stabilized property presents a turnkey investment opportunity with immediate cash flow and a projected rent growth of 5-8%.

Located in the rapidly growing Belmont Cragin neighborhood, just west of Logan Square, the Property benefits from increasing property values and continued residential and commercial development. The neighborhood offers a balance of traditional charm and modern amenities, making it a desirable place to live. Additionally, Block Belmont is strategically positioned along Belmont Avenue, surrounded by national retailers such as Dollar Tree, Dunkin’, Walgreens, and 7-Eleven. This prime retail corridor ensures high foot traffic, enhancing the property’s overall appeal and investment potential.

Within 1-mile, demographics include an average household income of $91,000+, an average home value of $295,000+, and a total population of 40,804.