5150 S Calumet Ave - Apartments FOR SALE


Chicago, IL 60615- Washington Park
$1,450,000 USD
312-477-0197
5150 S Calumet Ave, Chicago, IL for Sale
$1,450,000 USD
Apartments - FOR SALE
1/8
null | 7.72% Cap Rate

5150 S Calumet Ave
Chicago, IL 60615
Washington Park


HIGHLIGHTS

  • Fully Rehabbed Property Featuring Modern Finishes
  • Ideal unit mix of 7 3Bd/2Ba and 1 2Bd/2Ba Apartments
  • Highly Desirable Washington Park Location
  • Strong In Place Rent Roll

OVERVIEW

Interra Realty is pleased to exclusively present for sale 5150 S Calumet Ave. The subject property is an attractive eight unit center entrance apartment building. The building has undergone a complete rehab featuring expansive living spaces and modern finishes out. The unit mix at the property is comprised of seven (7) three-bedroom two-bathroom and one (1) two-bedroom and two-bathroom units. Extensive updates to the property include luxury vinyl plan flooring and individual furnaces and hot water heaters. Kitchens have been appointed with modern cabinets, granite countertops and stainless steel appliances. Bathrooms have been updated with modern vanities and tile surrounds. The property is located with convenient access to the I-90 expressway, one block from the 51st St. Green Line Station, and just one block west from Washington Park offering residents convenience and recreation. Investors have the opportunity to acquire a turnkey property with strong in place rents and a 7.72% cap rate.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$181 USD /SF

# OF UNITS

8

PRICE/UNIT

$181,250

CAP RATE

7.72%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1898

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,581 SF

ZONING

RM-5

APN/PARCEL ID

20-10-305-022-0000

ASK ABOUT THIS PROPERTY

Lucas FrymanInterra RealtyMore Info
312-477-0197

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Lucas FrymanInterra RealtyMore Info
312-477-0197

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