6128 Prairie ave - Multi-Family FOR SALE


Chicago, IL 60637- Washington Park
$975,000 USD
773-293-5032
6128 Prairie ave, Chicago, IL for Sale
$975,000 USD
Multi-Family - FOR SALE
1/5
null | 10.65% Cap Rate

6128 Prairie ave
Chicago, IL 60637
Washington Park


HIGHLIGHTS

  • Six (6) 3Bd/1Ba & One (1) 2Bd/1Ba Units
  • Individual HVAC & Hot Water Tanks
  • Updated Copper Plumbing Throughout
  • Prime Washington Park Location

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 6128 S. Prairie, a rarely available eight (8) unit multifamily building located in Chicago’s Washington Park neighborhood. The property sits adjacent to Hyde Park and is just blocks from the prestigious University of Chicago, as well as the future site of the Obama Presidential Library, positioning it within one of the city’s most dynamic and rapidly developing areas. 6128 S. Prairie is comprised of eight (8) total units, including six (6) 3Bd/1Ba units, one (1) 2Bd/1Ba unit, and one (1) 1Bd/1Ba unit. The apartments feature open floor plans with hardwood flooring throughout, high-end kitchens with granite countertops and stainless steel appliances, and modern bathrooms with custom finishes. Capital improvements include copper plumbing, updated porches, and individual HVAC systems and hot water tanks for each unit. 6128 S. Prairie presents investors with the opportunity to acquire a well-maintained, income-producing asset in one of Chicago’s fastest-growing neighborhoods. With an in-place cap rate exceeding 10%, 6128 S. Prairie offers immediate scale and strong, day-one cash flow.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

8

PRICE/UNIT

$121,875

CAP RATE

10.65%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RM-5

APN/PARCEL ID

20-15-315-088-0000

ASK ABOUT THIS PROPERTY

Aaron SklarKiser GroupMore Info
773-293-5032

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Aaron SklarKiser GroupMore Info
773-293-5032

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