5644 S Prairie Ave - Apartments FOR SALE


Chicago, IL 60637- Washington Park
$1,175,000 USD
219-465-8584
5644 S Prairie Ave, Chicago, IL for Sale
$1,175,000 USD
Apartments - FOR SALE
1/59
null | 7.83% Cap Rate

5644 S Prairie Ave
Chicago, IL 60637
Washington Park


OVERVIEW

4-unit, 2007 construction, OWNER-OCCUPANT investment opportunity in appreciating east Washington Park! Unit 2 has been rehabbed to feature modern improvements to be compared to other new construction in the area. All four units are 3-bed / 2-bath and have in-unit laundry hook-ups, hardwood and tile throughout, modern appliances, gas-forced-heat / central air, in-unit hot water tanks, and individual utilities. The units are larger than than most of the new construction in the area, ranging in size between 1,200 and 1,400 SF. The property has had extensive improvements in the last year to the interior and exterior. Other notable features: steel porches with individual outdoor spaces, sump pump and grinder pump, breaker panels in-unit, five exterior parking spaces with automatic gate, common coin laundry, new carpet and paint in common hallway, granite countertops with islands, separate living and dining areas, and updated lighting and bathroom fixtures. All kitchens have refrigerators, dishwashers, gas stoves, built-in microwaves, and condo-quality cabinetry. This is a fantastic opportunity for an owner-occupant to occupy one unit and benefit from the income from the other three units.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$197 USD /SF

# OF UNITS

4

PRICE/UNIT

$293,750

CAP RATE

7.83%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2006

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,025 SF

ZONING

RM-5

APN/PARCEL ID

20-15-110-033-0000

ASK ABOUT THIS PROPERTY

Gene Hart33 RealtyMore Info
219-465-8584

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Gene Hart33 RealtyMore Info
219-465-8584

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