5326 S Cornell Ave - Apartments FOR SALE


Chicago, IL 60615- Hyde Park
$7,250,000 USD
773-293-5000
5326 S Cornell Ave, Chicago, IL for Sale
$7,250,000 USD
Apartments - FOR SALE
1/7
null | 8.03% Cap Rate

5326 S Cornell Ave
Chicago, IL 60615
Hyde Park


HIGHLIGHTS

  • Prime Hyde Park Location
  • 8% Cap Rate
  • Significant Rental Upside
  • On-Site Laundry Facilities
  • Call For Offers July 15th

OVERVIEW

Kiser Group is pleased to exclusively present for purchase The Victorian, a sixty-four (64) unit building located at 5326-28 S. Cornell Ave. Situated in a premier location in one of Chicago's most rapidly appreciating neighborhoods, the asset is ideally located just blocks away from the University of Chicago, downtown Hyde Park, and Lake Michigan. The Victorian is comprised of forty (40) studios and twenty-four (24) 1bd/1ba units. All of which, however, are meticulously maintained. Recent improvements to the buildings include, but are not limited to, updated electric, newer windows & porches, and an abundance of masonry & tuckpointing work. The Victorian presents an investor with the opportunity to acquire sixty-four (64) 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

$7,250,000 USD

PRICE/SF

$217 USD /SF

# OF UNITS

64

PRICE/UNIT

$113,281

CAP RATE

8.03%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Victorian | 8% Cap Rate | Hyde Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

-

APN/PARCEL ID

20-12-110-005-0000

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.