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HYDE PARK INVESTMENT OPPORTUNITY

5319 S. Ellis Avenue, Chicago, IL 60615

$799,000

Property Description

Introducing 5319 S. Ellis Ave., a remarkable multi-family building in the heart of Hyde Park. This elegant brick walk-up exudes timeless charm, showcasing classic historic Chicago architecture while boasting excellent unit diversity. The property comprises two spacious 3-bedroom | 2-bathroom units and a garden unit with 2 bedrooms and 1 bathroom.  Meticulously cared for, this building has undergone regular maintenance and updates, ensuring its pristine condition.

 

Each apartment offers an irresistible blend of desirable features, including open floor plans, generous square footage, expansive living areas, ample bedroom space, and abundant natural light. The units have been thoughtfully enhanced with updated kitchens and the convenience of in-unit laundry facilities. The building incorporates individual and separate utilities in each unit minimizing owner expenses.

Contact Agent

Harrison Cohen

(847) 624-6639

Property Details

Property Type

Multifamily

Year Built

1912

Year Renovated

2009

Current Cap-Rate

5.33%

Pro Forma Cap-Rate

6.83%

Property Highlights

  • Irreplaceable Hyde Park Location

  • Proximity to University of Chicago allows for Strong Student Tenant Base

  • 2009 Renovation with Spacious Units

  • Individual HVAC & In-Unit Washer & Dryer

  • Well Maintained Property + Ability to Add-Value

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