Listed by Matthews
$1,525,000
1222 E 52ND STREET
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,800
Units 7
Cap Rate 7.99%
NOI $121,900
Occupancy 100%
Tenancy Multi
Price per SqFt $196
Year Built 1913
Buildings 1
Investment Type Value Add
±0.5 Miles from University of Chicago | 7.99% CAP
Investment highlights
- Rare Large Unit Mix - The property consists of six (6) oversized 3-bedroom units and one (1) 1-bedroom unit, offering an attractive layout for families and students seeking larger floorplans in a highly desirable Hyde Park corridor.
- Current ownership has maintained below market rents. Comparable renovated 3-bedroom units in the immediate area have recently achieved rents around $2,100/month.
- Hot water tanks in Unit
- Washer/Dryers in Unit
- Tenants pay for their own gas and electricity. Individual HVAC and hot water heaters.
- Hyde Park is widely recognized for its supply-constrained, high-demand rental market, complemented by a rich architectural character and historic housing stock.
- The property is positioned near several transformative developments throughout Hyde Park and Woodlawn, including the highly anticipated Obama Presidential Center, continued University of Chicago expansion, new retail investment, streetscape improvements, and broader Southside redevelopment initiatives.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$121,900.00
$10,158.33/mo
Valuation Metrics
0
DSCR
7.99%
Cap Rate
7.99%
ROI
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