Description
This fully occupied, cash flowing 8-Unit in Hyde Park is just a short walk from President Obama's home! Hyde Park is one of the top-rated Chicagoland communities and one of its most culturally diverse neighborhoods. This building was fully renovated just a few years ago and is cash flowing nicely with an excellent tenant class in place! The unit mix includes six 4-bedroom, 3 full bath apartments and two 3-bedroom, 2 full bathroom apartments! Each unit has a washer/dryer hookup, individual furnace & hot water heaters, new stainless steel appliances and hardwood floors! Other notable features include new mechanicals, master suits in each unit, all new windows and luxury finishes in each apartment! Ample parking spaces available on site in the back with a garage! New roof (2020)! New back porch (2020)! Professionally managed! Boasting $300,000+ in gross annual revenue and a 7% cap rate, this property performs like a well-oiled machine that will continue to appreciate as time progresses! A+ location! Walking distance to the University of Chicago, UC Medical Center, Washington Park, and Barack Obama's family home (located on the same street)! An opportunity such as this is an extremely rare occasion in the Hyde Park community as assets like this are never sold and generally passed down from generation to generation! Don't miss this rare opportunity to acquire a generational asset that will appreciate and perform for decades to come! ***Property recently appraised for $3,400,000 on 5/15/23***
-
0BEDS
-
0.21ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
This fully occupied, cash flowing 8-Unit in Hyde Park is just a short walk from President Obama's home! Hyde Park is one of the top-rated Chicagoland communities and one of its most culturally diverse neighborhoods. This building was fully renovated just a few years ago and is cash flowing nicely with an excellent tenant class in place! The unit mix includes six 4-bedroom, 3 full bath apartments and two 3-bedroom, 2 full bathroom apartments! Each unit has a washer/dryer hookup, individual furnace & hot water heaters, new stainless steel appliances and hardwood floors! Other notable features include new mechanicals, master suits in each unit, all new windows and luxury finishes in each apartment! Ample parking spaces available on site in the back with a garage! New roof (2020)! New back porch (2020)! Professionally managed! Boasting $300,000+ in gross annual revenue and a 7% cap rate, this property performs like a well-oiled machine that will continue to appreciate as time progresses! A+ location! Walking distance to the University of Chicago, UC Medical Center, Washington Park, and Barack Obama's family home (located on the same street)! An opportunity such as this is an extremely rare occasion in the Hyde Park community as assets like this are never sold and generally passed down from generation to generation! Don't miss this rare opportunity to acquire a generational asset that will appreciate and perform for decades to come! ***Property recently appraised for $3,400,000 on 5/15/23***
© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group.
Based on information submitted to the MRED as of 2023-06-01T08:58:10.477 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the
office/agent presenting the information.
Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.
Digital Millennium Copyright Act