5214 S Woodlawn Ave - Apartments FOR SALE


Chicago, IL 60615- Hyde Park
$10,000,000 USD
773-293-5000
5214 S Woodlawn Ave, Chicago, IL for Sale
$10,000,000 USD
Apartments - FOR SALE
1/5
null | 6.61% Cap Rate

5214 S Woodlawn Ave
Chicago, IL 60615
Hyde Park


HIGHLIGHTS

  • Prime Hyde Park Location
  • Meticulously Maintained
  • Significant Rental Upside
  • On-Site Laundry Facility
  • Call For Offers July 15th

OVERVIEW

Kiser Group is pleased to exclusively present for purchase The Woodlawn House Apartments, an eighty-five (85) unit apartment at 5210-14 S. Woodlawn Ave. Situated in premier locations in one of Chicago's most rapidly appreciating neighborhoods, the assets are ideally located just blocks away from the University of Chicago, downtown Hyde Park, and Lake Michigan. The Woodlawn House is comprised of forty-five (45) studios and forty (40) 1bd/1Ba units. All of which, however, are meticulously maintained. Recent improvements to the buildings include, but are not limited to, a modern boiler with an R&D control system, newer windows & porches, and an abundance of masonry & tuckpointing work. The Woodlawn House also has an on-site leasing office, gym, and bike room. The Woodlawn House presents an investor with the opportunity to acquire Eighty-Seven (85) units in the heart of Chicago's Hyde Park neighborhood. This offering presents a sizable asset in a neighborhood with limited sales activity, making it an attractive proposition for investors seeking immediate economies of scale and potential for further value enhancement.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$202 USD /SF

# OF UNITS

85

PRICE/UNIT

$117,647

CAP RATE

6.61%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Woodlawn House Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,379 SF

ZONING

RT-4

APN/PARCEL ID

20-11-312-011-0000,20-11-312-012-0000

ASK ABOUT THIS PROPERTY

Lee KiserKiser GroupMore Info
773-293-5000

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Lee KiserKiser GroupMore Info
773-293-5000

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