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! New roof (2020)! New back porch (2020)! 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! Don't miss this rare opportunity to acquire a generational asset that will appreciate and perform for decades to come! ***Property recently appraised for $3,400,000 on 5/15/23***
Property Map
Please use the print button to include maps when printing.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
