W. Bloomingdale Avenue
About The Neighborhood
W. Bloomingdale Avenue is a 2 unit rental apartment building in the Belmont Cragin neighborhood. Like many of the neighborhoods west of the Loop, Belmont Cragin was first populated by immigrants seeking employment in nearby factories and railroads. In fact, the name “Cragin” was lent to the area by Cragin Brothers & Co. after the company established a metal processing plant in the area in 1882. As the manufacturing and transportation industries flourished, so did the area’s stock of residential housing. 5148 W. Bloomingdale was built in 1925 during the height of the neighborhood’s residential construction boom. Belmont Cragin retains its character as a busy, diverse neighborhood with strong ties to manufacturing and industry. The Radio Flyer factory on Grand Avenue and its 1,500 pound replica of the company’s famous red wagon is a notable local landmark.
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Investors should conduct their own respective due diligence and not rely on the financial assumptions or estimates that are displayed in this package. Fluctuations in the value of the assets that are the subject of any investment are to be expected. Additional risks exist due to a variety of factors, including, but not limited to, leverage, property operations, business risks, management and environmental liabilities. There is a potential for loss of part or ALL of the investment capital, and each investor should understand that all capital invested may be lost. Investors should only consider these investments if they have no need for liquidity and can bear the risk of losing their entire investment. The investments shown herein may not be suitable for you. All prospective investors are highly encouraged to retain and consult with their own respective independent legal counsel, tax and financial advisers, investment advisers and accountants. This package is only suitable, intended and available for accredited investors who are familiar with, and willing to, accept the risks associated with private investments. We do not make any recommendations regarding the appropriateness of particular opportunities for any Investor. Each investor must review and evaluate the investments in the investor’s own discretion and determine the suitability of making the particular investment. Investments are NOT insured by the FDIC or by any other Federal Government Agency, are NOT Bank deposits, are NOT guaranteed by Strata Investments. Neither the Securities and Exchange Commission nor any federal or state securities commission or regulatory authority has recommended or approved of these investments or passed upon the accuracy or inaccuracy of any of the information or materials provided by or through this package.