Property Overview
Interra Realty has been exclusively engaged to present for sale 5818-22 S. Michigan Ave. The subject property is a 6 unit building located in Chicago's Washington Park neighborhood. The building consists of (6) 3 BD/1 BA units with spacious layouts. Units feature granite countertops, stainless steel appliances, in-unit washer/dryer, large bedrooms, and hardwood floors throughout. There is also a gated parking lot behind the property.
The building was rehabbed in 2013-2014 and was upgraded with new plumbing, electric, windows, and porches. A brand new boiler was installed in 2021.The property presents qualified investors with the opportunity to acquire a stabilized, cash flowing asset in an appreciating market with upside through increasing rents to market levels. The building also sits in close proximity to The University of Chicago.
Highlights
- Desirable Unit Mix: (6) Jumbo 3 BD/1 BA units
- Property was rehabbed in 2013-2014
- Modern kitchens with granite countertops and stainless steel appliances
- Brand new boiler installed in 2021
- In-Unit washer/dryer & one gated parking spot per unit
- Close proximity to Hyde Park and The University of Chicago