5637 Prairie ave - Multi-Family FOR SALE


Chicago, IL 60637- Washington Park
$1,020,000 USD
312-286-0427
5637 Prairie ave, Chicago, IL for Sale
$1,020,000 USD
Multi-Family - FOR SALE
1/33

5637 Prairie ave
Chicago, IL 60637
Washington Park


OVERVIEW

Gorgeous NEW Construction 3-unit in Booming Washington Park. Set alongside multiple other New Developments, this is 6 weeks from completion. Built by an experienced local builder and includes 1 year developer's warranty. Contemporary & Modern design with the perfect blend of city living and convenience, close to the Green Line just a short walk away and the University of Chicago and Obama Library. Each unit has a spacious, open-concept layout and condo quality features, such as 42" cabinets, stainless steel appliances, recessed lighting, in unit laundry, and beautifully tiled floors. Each unit is a large, over 1,500 sq ft 3 bed/ 2 bath, with a luxury master bathroom at the rear. The units will rent easily and proforma rents are $8,400/month. Top unit features a vaulted ceiling and decorative railings for an added touch of luxury. Additionally, the developer added soundproofing for added privacy. Prime investment opportunity, positioned for cash flow, appreciation and creating generational wealth in this high inflation environment. Can arrange property management for any out-of-state buyers.

FOR SALE DETAILS

PRICE

$1,020,000 USD

# OF UNITS

30

PRICE/UNIT

$34,000

CAP RATE

7.84%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Construction 3-unit in Washington Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

3

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Lawrence DunningFulton Grace RealtyMore Info
312-286-0427

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Lawrence DunningFulton Grace RealtyMore Info
312-286-0427

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