02/24/2023
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! 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! Priced to sell, there is well over 1 million in equity already built into the asking price! Don't miss this rare opportunity to acquire a generational asset that will appreciate and perform for decades to come!
Link to listing: https://lnkd.in/gX96Jjdw
