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5526 S Indiana Avenue - Luxury Apartments of Washington Park, Chicago, IL

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5526 S Indiana Avenue - Luxury Apartments of Washington Park

Chicago, IL 60637-1063 - Washington Park MF Submarket

Property Type:Multi-Family Number of Units:8 Status:Existing Year Built:1913
Stories:- Building Size:11,400 SF Land Area:.18 AC (8,050 SF)
For Sale Price:$1,250,000 Price/Unit:$156,250.00 Cap Rate:7.30 % GRM:-

Parking:.96 Parking Spaces / 1,000 SF

Sale Notes:
5526-28 S. Indiana is an eight-unit (8) center entrance building located in Chicago's Washington Park neighborhood. The property consists of five 3-bedroom, 2-bath, one 3-bedroom 2.5 bath, and two 2-bedroom, 2-bath units. The property underwent a massive reconstruction in 2008, retaining only the masonry exterior. All electrical, plumbing, HVAC, porch and IT systems were replaced. From the tear-off roof down to a newly poured basement floor and beautifully landscaped grounds, no detail was overlooked.

This property is being offered for sale at a price well below its replacement cost creating a unique opportunity for prospective buyers. In addition to the high-quality renovations, the property boasts a high quality tenant base with all tenants gainfully employed with professional institutions including medical offices, construction companies and the University of Chicago.
The neighborhood's namesake, Washington Park, a 366 acre park, is a short walk from the building. Tenants have access to two gymnasiums, a fitness center, dance studio, game rooms, after-school programs, an aquatic center and live music shows. The University of Chicago, also located near the property, plays a large part in the growth of the area.

Monarch Realty Partners
Michael Anguiano
(773) 251-5534

Bill Baumann
(312) 560-7447

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