6129 S Greenwood Ave - Apartments FOR SALE


Chicago, IL 60637- Woodlawn
$1,000,000 USD
773-293-5090
6129 S Greenwood Ave, Chicago, IL for Sale
$1,000,000 USD
Apartments - FOR SALE
1/5
null | 13.92% Cap Rate

6129 S Greenwood Ave
Chicago, IL 60637
Woodlawn


HIGHLIGHTS

  • Nine (9) 1Bd/1Ba & Three (3) 2Bd/1ba Units
  • One (1) Block from the University of Chicago
  • 83K Per Unit
  • Complete Renovation Needed

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase 6129 S. Greenwood, a rarely available twelve (12) unit building located just outside of Hyde Park in Chicago’s East Woodlawn neighborhood. The property is located just blocks from the prestigious University of Chicago. Additionally, the asset sits just blocks away from the construction site of the future Obama Presidential Library. 6129 S. Greenwood is uniquely comprised of nine (9) 1Bd/1Ba and three (3) 2Bd/1Ba units. The building is completely gutted and is in serious need of mechanical work to bring operations up to par. Incredibly spacious unit layouts allow an investor to fully renovate the property and assume top of the market rents post-construction. Given the property’s location and large unit layouts, there is ample demand for apartments such as these after the appropriate renovations take place. 6129 S. Greenwood presents an investor a unique opportunity to acquire a true value-add project in the heart of Chicago's highly desirable Woodlawn neighborhood. Through unit renovations and an investment in newer mechanical systems, a new investor could achieve significant cash returns and double-digit cap rates.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$112 USD /SF

# OF UNITS

12

PRICE/UNIT

$83,333

CAP RATE

13.92%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,395 SF

ZONING

RM-5

APN/PARCEL ID

20-14-311-008-0000

ASK ABOUT THIS PROPERTY

Noah BirkKiser GroupMore Info
773-293-5090

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Noah BirkKiser GroupMore Info
773-293-5090

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