5427 S. Harper

Sales Overview

  • Price: $3,750,000
  • Number of Units: 20
  • Building Size: 19,750 SF
  • Property Type: Multi-Family
  • Lot Size: 14,810 SF
  • Year Built: 1912

Highlights

  • Great Hyde Park Location
  • Value Add Opportunity
  • Walking Distance to the University of Chicago
  • 93 Walk Score
  • 6 of 20 Apartments have Upgraded Kitchens and Baths
  • Tuck-point Work 2018
  • Roof Work 2018
  • Porches 2008
  • Front Windows 2017
  • Rear Windows Newer
  • Boiler Building
  • Laundry Room in Basement

Description

Interra Realty has been exclusively engaged to market 5427 South Harper Avenue for sale. The subject investment property is a 20 unit, courtyard style multifamily building in the Hyde Park Neighborhood. The building is comprised of 1 bedroom, 2 bedroom, and 3 bedroom apartments. Many units can be reconfigured to add an additional bedroom.

Several capital improvements have recently been made to the property and 6 of the 20 units have updated kitchens and baths. The basement houses on-site coin-operated laundry equipment (owned) which provides additional income. A new investor has the opportunity to acquire a value-add property in the Hyde Park Neighborhood, with the ability to increase rents via renovations.


Location

Contact the Brokers

Brian DiBasilio

Director

312.477.0196