5644 S Prairie - 2007 Four-Unit Apartment Building
$1,155,000
5644 S Prairie Ave, Chicago, IL 60637
7.37
Cap Rate
85,108
NOI
Details:
Description:
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.
Two blocks south of Garfield Avenue/55th Street and three blocks west of Washington Park / Martin Luther King Jr. Drive
Documents:
| Title | ||
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| NEW_-__Horizontal_Offering_Memorandum.pdf |
Location
Gallery
