Active · For Sale · Multifamily

5503-07 N Campbell Ave Chicago, IL 60625

5503 N Campbell Ave, Chicago, IL 60625

5503-07 N Campbell Ave Chicago, IL 60625CRER
5503-07 N Campbell Ave Chicago, IL 60625

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5503 N Campbell Ave, Chicago, IL 60625

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The property

Executive summary

5503–5507 N. Campbell is a 20-unit vintage walk-up anchoring the corner of N. Campbell Avenue and W. Catalpa Avenue— a circa-1929 classic Chicago brick building. A very well-maintained property consisting of large vintage stock units that have been modernized as units turned over. Value creation and material upside remain through mark to market rents and through further unit modernization improvements. Select reconfigurations such as adding bedrooms and duplexing-down, are available to drive stronger rents per square foot. The ADU Expansion Ordinance supports the potential addition of up to seven (7) Additional Dwelling Units (ADUs), subject to confirmation by a qualified zoning attorney, architect, and contractor. Solid bones, recent capital, and clear value-add levers offer a defined path to reposition the asset into a stabilized, higher-performing investment in one of the northside’s most consistently in-demand and tightly held rental submarkets.

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