5559 N Magnolia Ave - Apartments FOR SALE


Chicago, IL 60640- Edgewater
$8,150,000 USD
773-293-5045
5559 N Magnolia Ave, Chicago, IL for Sale
$8,150,000 USD
Apartments - FOR SALE
1/5
null | 5.91% Cap Rate

5559 N Magnolia Ave
Chicago, IL 60640
Edgewater


HIGHLIGHTS

  • Rehabbed in 2015
  • One and Two-Bedroom Apartments
  • Central Heating & Air Conditioning
  • In-Unit Laundry
  • 0.1 Miles to Bryn Mawr CTA Red-Line Station
  • 0.3 Miles to Andersonville's Clark Street Retail Corridor

OVERVIEW

Kiser Group has been exclusively engaged to market for sale 5553-59 N. Magnolia, a 28-unit courtyard building, located in Chicago's vibrant Andersonville neighborhood. This 1920s constructed asset was rehabbed in 2015 and is well-positioned just 0.1 miles from the Bryn Mawr CTA Red Line and 0.3 miles from Andersonville's Clark Street Retail Corridor. 5553-59 N. Magnolia features an attractive unit-mix comprised of twenty-three (23) 1 bed / 1 bath units and five (5) 2 bed / 2 bath duplexes. As part of the 2015 renovation, ownership modernized all apartments and building systems. Highlights include reconfigured floorplans and on-trend finishes with central heating and cooling, shaker cabinets, granite countertops, and in-unit laundry—providing renters with modern comfort in a classic Chicago setting. Located in the highly desirable Andersonville neighborhood, directly across from Cochran Park and just 0.1 miles from the Bryn Mawr CTA Red Line station, Magnolia offers investors a rare opportunity to acquire a fully upgraded, strategically positioned asset. This is a generational investment in a location that consistently commands strong demand.

FOR SALE DETAILS

PRICE

$8,150,000 USD

PRICE/SF

$381 USD /SF

# OF UNITS

28

PRICE/UNIT

$291,071

CAP RATE

5.91%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,771 SF

ZONING

-

APN/PARCEL ID

14-08-106-001-0000

ASK ABOUT THIS PROPERTY

Jacob PriceKiser GroupMore Info
773-293-5045

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Jacob PriceKiser GroupMore Info
773-293-5045

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