Property Overview
Interra Realty has been exclusively engaged to market 5455 S. Blackstone Avenue, Chicago, for sale. The subject investment property is a 63 unit, mid-rise style building in the Hyde Park Neighborhood.
The property features a mix of studio and one bedroom apartments, which are in high demand given the proximity to the University of Chicago. The sellers have begun an apartment modernization program, which a new investor can continue to achieve higher rent levels. The property offers an inviting lobby and is serviced by a passenger elevator.
5455 S. Blackstone Avenue is being offered for sale with attractive, assumable financing. The Freddie Small Balance loan is fixed until May 2029 and 4.51% (see financial summary page and contact broker for more information).
Highlights
- Rarely Available, Vintage Mid-Rise – Walking Distance from U of Chicago
- High Demand Studio and One Bed Apartments
- Upside in Rents by Continuing Unit Modernization Program
- Well Maintained and Professionally Managed
- Attractive Assumable Financing Fixed at 4.51%