5455 S. BLACKSTONE AVENUE

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%

Key Details

Sale Price
$8,700,000
Number of Units
Sixt-Three (63)
Submarket
Hyde Park