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HYDE PARK MULTI-FAMILY INVESTMENT OPPORTUNITY

5437-5439 S Harper Avenue, Chicago, IL 60615

$1,595,000

Property Description

Introducing 5437-5439 S. Harper, a rarely available center entrance six (6) unit apartment building located in a prime Hyde Park location. This irreplaceable address is next door to Trader Joe’s, walking distance to 53rd shopping, the University of Chicago shuttle at Lake Park & 54th Street, Metra and 90/94 Expressway for easy commuting.


Renovated in 2022-2023, the property features all 2-bed/2-bath apartments featuring meticulously designed floor plans. Updates include new kitchens, stainless-steel appliances, dishwashers, in-unit laundry, refinished hardwood flooring, and modern bathroom finishes. In addition to its cosmetic finishes, the building also has new individual HVAC, new plumbing and electric service, rebuilt porches and a well-maintained roof.


5437-39 S. Harper is an incredible investment opportunity to acquire a renovated turn-key property in one of Chicago’s most desirable neighborhoods. With exceptional cash-flow and minimal expenses this cash flowing asset generates strong income from day one. In an A+ Hyde Park location, nestled by the University of Chicago's campus, new ownership has the rare opportunity to acquire a stabilized investment providing a solid cash-on-cash return for many years to come.

Contact Agent

Matthew Fritzshall

(847) 778-8746

Harrison Cohen

(847) 624-6639

Property Details

Property Type

Multifamily

Year Built

1900

Year Renovated

Renovated in 2022-2023

Current Cap-Rate

6.94%

Pro Forma Cap-Rate

7.50%

Property Highlights

  • Irreplaceable Hyde Park Location (±5 Minute to University of Chicago Campus)

  • 2023 Renovation of a Classic Center Entrance Apartment Building

  • Excellent Unit Mix Featuring Separate HVAC, Electric, Updated Finishes & Numerous Capital Improvements

  • Meticulously Maintained by Professional Management

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