5410 S Indiana Ave - Apartments FOR SALE


Chicago, IL 60615- Washington Park
$980,000 USD
847-848-7771
5410 S Indiana Ave, Chicago, IL for Sale
$980,000 USD
Apartments - FOR SALE
1/13
null | 9.32% Cap Rate

5410 S Indiana Ave
Chicago, IL 60615
Washington Park


HIGHLIGHTS

  • Nestled in the heart of Chicago's rapidly growing Washington Park neighborhood.
  • Fully occupied, six-unit building.
  • Located near the University of Chicago and the expansive Washington Park.
  • Each of the six spacious 3-bedroom, 1-bath units spans 1,800 square feet.
  • Features high ceilings, formal dining rooms, real pantries, private back decks, and beautiful bay windows that flood the interiors with natural light
  • The building generates extra income through coin-operated laundry facilities and offers gated parking with a two-car brick garage.

OVERVIEW

Nestled in the heart of Chicago's rapidly growing Washington Park neighborhood, this fully occupied, six-unit building offers a blend of stable cash flow and exceptional future potential. Located near the University of Chicago and the expansive Washington Park, this property is positioned to benefit from the area's ongoing development, including the future Obama Presidential Center. With property values steadily rising, this investment represents a rare opportunity for savvy investors. Boasting a classic stone facade and a grand marble entryway, this well-maintained building exudes timeless charm. Each of the six spacious 3-bedroom, 1-bath units spans 1,800 square feet, featuring high ceilings, formal dining rooms, real pantries, private back decks, and beautiful bay windows that flood the interiors with natural light. Hardwood floors and well-kept common areas add to the appeal, ensuring tenant satisfaction and full occupancy. Additionally, the building generates extra income through coin-operated laundry facilities and offers gated parking with a two-car brick garage. With a solid 10% cap rate and a history of long-term tenants, this property is a proven income generator. For investors looking to maximize returns, there is untapped potential in the lower level, where a 7th and possibly 8th unit could be developed, both areas have ingress and egress access. Updates include a 2011 boiler to enhance the property's efficiency. The seller is open to discussing owner financing terms, thereby expanding this armchair investment opportunity to the widest pool of entrepreneurs. This is your chance to make this Washington Park money maker work for you.

FOR SALE DETAILS

PRICE

$980,000 USD

PRICE/SF

$102 USD /SF

# OF UNITS

6

PRICE/UNIT

$163,333

CAP RATE

9.32%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1892

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

RM-5

APN/PARCEL ID

20-10-310-049-0000

ASK ABOUT THIS PROPERTY

Paul FrischerBerkshire Hathaway Home ServicesMore Info
847-848-7771

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Paul FrischerBerkshire Hathaway Home ServicesMore Info
847-848-7771

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