Fulton Grace
Listed by Fulton Grace
$2,985,000
5637-43 S Prairie Avenue
Details
APN 20151010140000
Property Type Multifamily
Sub Type Apartment Building, Multi Family 5+
Units 9
Cap Rate 7.50%
NOI $225,540
Class B
Year Built 2026
Stories 3
Multifamily | 7.50% CAP | 9 Units
Marketing description
New Construction 9 Unit Building by one of the Southside's Premium Developers & the Opportunity to own a trophy investment property in a rapidly appreciating neighborhood. Perfect for a 1031 Investor looking for a property with over $25,000/month in projected income (with rental and sale comps already proven by the same developer in the same area), low maintenance, and steady year-on-year upside appreciation. Each building is on an oversized lot. Each luxury simplex is a 3 bedroom, 2 bathroom Condo Quality Unit; each features a beautiful 1,500 sq ft open floorplan, each kitchen with high-end stainless steel appliances, quartz counters, and in-unit laundry. Extra insulation for noise reduction between floors and from the outside. Unbeatable location walking distance to the CTA Green Line station and two blocks from Washington Park. Projected rent roll is $8,400.
Listing Contacts
Fulton Grace
Listed by Fulton Grace
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$225,540.00
$18,795.00/mo
Valuation Metrics
0
DSCR
7.56%
Cap Rate
7.56%
ROI
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