5526 S Indiana Ave - Apartments FOR SALE


Chicago, IL 60637- Washington Park
$1,940,000 USD
312-888-5486
5526 S Indiana Ave, Chicago, IL for Sale
$1,940,000 USD
Apartments - FOR SALE
1/18
null | 8.47% Cap Rate

5526 S Indiana Ave
Chicago, IL 60637
Washington Park


HIGHLIGHTS

  • 10.06% Cash on Cash return, 8.47% cap rate
  • Convenient location close to the CTA and bus.
  • Very well-maintained, beautiful, sizable building with quality tenants.

OVERVIEW

This eight-unit, condo-quality multifamily building delivers a 10.06% cash-on-cash return and an 8.47% cap rate. Located in an Opportunity Zone, the new owner may qualify for significant tax benefits. The red-brick and limestone building sits just 0.2 miles from the CTA Green Line station and a two-minute walk from the bus stop. Legendary Washington Park is two blocks away, with the University of Chicago on its opposite edge. Within a five-minute drive you’ll find restaurants, a Jewel-Osco, clinics, and fast-food options. Each of the eight spacious units—alternating three- and two-bedroom layouts—is finished to condominium standards and features an independent furnace, in-unit washer and dryer, a designated parking space at the rear, and private storage. Recent upgrades include a digital anti-theft door-lock system and CCTV security cameras. Meticulously maintained, this property consistently attracts long-term, quality tenants thanks to its convenient location and nice finishes.

FOR SALE DETAILS

PRICE

$1,940,000 USD

PRICE/SF

$170 USD /SF

# OF UNITS

8

PRICE/UNIT

$242,500

CAP RATE

8.47%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Luxury Apartments of Washington Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1916

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,050 SF

ZONING

RM-5

APN/PARCEL ID

20-15-102-014-0000

ASK ABOUT THIS PROPERTY

Tony LiuYoumu VenturesMore Info
312-888-5486

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Tony LiuYoumu VenturesMore Info
312-888-5486

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