5437-5439 S Harper Ave - Apartments FOR SALE


Chicago, IL 60615
$1,545,000 USD
847-778-8746
5437-5439 S Harper Ave, Chicago, IL for Sale
$1,545,000 USD
Apartments - FOR SALE
1/11
null | 6.9% Cap Rate

5437-5439 S Harper Ave
Chicago, IL 60615


HIGHLIGHTS

  • Irreplaceable Hyde Park Location (±5 Minute to University of Chicago Campus)
  • 9.62 GRM on Current Rent with Ability to Achieve 8.58 GRM in Existing Condition
  • 2023 Renovation of a Classic Center Entrance Apartment Building
  • Excellent Unit Mix Featuring Separate HVAC, Electric, Updated Finishes & Numerous Capital Improvements
  • Meticulously Maintained by Professional Management
  • OM Available Upon Request

OVERVIEW

Introducing 5437-5439 S. Harper, a rarely available center entrance six (6) unit apartment building located in a prime Hyde Park location. This irreplaceable address is next door to Trader Joe’s, walking distance to 53rd shopping, the University of Chicago shuttle at Lake Park & 54th Street, Metra and 90/94 Expressway for easy commuting. Renovated in 2022-2023, the property features all 2-bed/2-bath apartments showcasing meticulously designed floor plans. Updates include new kitchens, stainless-steel appliances, dishwashers, in-unit laundry, refinished hardwood flooring, and modern bathroom finishes. In addition to its cosmetic finishes, the building also has new individual HVAC, new plumbing and electric service, rebuilt porches and a well-maintained roof. 5437-39 S. Harper is an incredible investment opportunity to acquire a renovated turn-key property in one of Chicago’s most desirable neighborhoods. With exceptional cash-flow and minimal expenses this cash flowing asset generates strong income from day one. In an A+ Hyde Park location, nestled by the University of Chicago's campus, new ownership has the rare opportunity to acquire a stabilized investment providing a solid cash-on-cash return for many years to come.

FOR SALE DETAILS

PRICE

$1,545,000 USD

PRICE/SF

$281 USD /SF

# OF UNITS

6

PRICE/UNIT

$257,500

CAP RATE

6.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,630 SF

ZONING

RM-5

APN/PARCEL ID

20-11-426-008-0000

ASK ABOUT THIS PROPERTY

Matthew FritzshallTriton Realty Group, LLCMore Info
847-778-8746

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Matthew FritzshallTriton Realty Group, LLCMore Info
847-778-8746

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.