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28911138
28911139

5644 S Prairie Ave, Chicago, IL 60637

GH
IL IL 475.149185
33 Realty LLC
Listed by 33 Realty LLC
$1,010,000
415 days on market
Updated 1 day ago
Opportunity zone

5644 S Prairie - 4-Unit Apartment Building

Details
Property Type Multifamily
Sub Type Apartment Building
Units 4
Cap Rate 8.43%
NOI $85,108
Occupancy 75%
Pro-Forma Cap Rate 9.11%
Pro-Forma NOI $92,000
Class A
Year Built 2007
Year Renovated 2025
Buildings 1
Stories 4
Zoning RM-5
Parking Spaces 5 spaces
Investment Type Owner/User

Multifamily | 4 Units | $252,500/unit

Marketing description

4-unit, 2007 construction, OWNER-OCCUPANT investment opportunity in appreciating east Washington Park! Unit 2 has been rehabbed to feature modern improvements to be compared to other new construction in the area.

All four units are 3-bed / 2-bath and have in-unit laundry hook-ups, hardwood and tile throughout, modern appliances, gas-forced-heat / central air, in-unit hot water tanks, and individual utilities. The units are larger than than most of the new construction in the area, ranging in size between 1,200 and 1,400 SF.

The property has had extensive improvements in the last year to the interior and exterior. Other notable features: steel porches with individual outdoor spaces, sump pump and grinder pump, breaker panels in-unit, five exterior parking spaces with automatic gate, common coin laundry, new carpet and paint in common hallway, granite countertops with islands, separate living and dining areas, and updated lighting and bathroom fixtures. All kitchens have refrigerators, dishwashers, gas stoves, built-in microwaves, and condo-quality cabinetry.

This is a fantastic opportunity for an owner-occupant to occupy one unit and benefit from the income from the other three units.

Listing Contacts

GH
IL IL 475.149185
33 Realty LLC
Listed by 33 Realty LLC

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$85,108.00
$7,092.33/mo

Valuation Metrics

0
DSCR
8.43%
Cap Rate
8.43%
ROI

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Additional Information

Name
Gene Hart
License
IL 475.149185
Brokerage
33 Realty
Brokerage Phone
2194658584
Title
Commercial Sales & Leasing Broker
Brokerage Address
357 West Chicago Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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