5417 S Harper Ave - Apartments FOR SALE


Chicago, IL 60615- Hyde Park
$8,850,000 USD
773-293-5000
5417 S Harper Ave, Chicago, IL for Sale
$8,850,000 USD
Apartments - FOR SALE
1/5
null | 7.23% Cap Rate

5417 S Harper Ave
Chicago, IL 60615
Hyde Park


HIGHLIGHTS

  • Prime Hyde Park Location
  • 7.23% 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 Campus Court Apartments, a fifty-eight (58) unit building located at 5417-25 S. Harper 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 Campus Court Apartments are comprised of thirty-six (36) studios and twenty-two (22) 1bd/1ba. All of which, however, are meticulously maintained. Recent improvements to the buildings include, but are not limited to, modern boilers with R&D control systems, newer windows & porches, and an abundance of masonry & tuckpointing work. The Campus Court Apartments present an investor with the opportunity to acquire fifty-eight (58) 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

$8,850,000 USD

PRICE/SF

$197 USD /SF

# OF UNITS

58

PRICE/UNIT

$152,586

CAP RATE

7.23%

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Campus Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,180 SF

ZONING

RM-5

APN/PARCEL ID

20-11-426-006-0000

ASK ABOUT THIS PROPERTY

Lee KiserKiser GroupMore Info
773-293-5000

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

Lee KiserKiser GroupMore Info
773-293-5000

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