Interra Realty has been exclusively engaged to market 5330 S. Blackstone Avenue & 5345 S. Harper Avenue, Chicago, for sale. The subject investment properties are 43 and 51-unit multifamily assets in the Hyde Park Neighborhood. Ownership is also marketing 5300 S. Blackstone Avenue for sale with Interra and will evaluate both individual, smaller package or whole portfolio offers.
The portfolio offers an attractive mix of studio, 1-bedroom, and 2-bedroom apartments. Almost 80% of the units have been modernized with updated kitchens, bathrooms, and flooring. Common area amenities include a lobby, bike storage, on-site laundry, and a passenger elevator. at Harper The properties are professionally managed and have been well maintained, but presents a new investor with value-add potential by pushing occupancy, with or without completing the modernization of
The portfolio is being offered for sale with assumable, non-recourse financing, fixed at 4.51% until 5/1/29 making for a healthy spread between cap rate and interest
- Prime Hyde Park Location, Steps from 53rd and U of C Campus
- Attractive Unit Mix with Almost 80% Modernized Apartments
- Professionally Managed and Well-Maintained with Value-Add Potential
- Attractive Assumable Financing at Below Market Rate