This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

5437-5439 S Harper Ave

6 Unit Block of Flats £1,211,913 (£201,986/Unit) 6.90% Net Initial Yield Chicago, IL 60615

Investment Highlights

  • Irreplaceable Hyde Park Location (±5 Minute to University of Chicago Campus)
  • 2023 Renovation of a Classic Center Entrance Apartment Building
  • Meticulously Maintained by Professional Management
  • 9.62 GRM on Current Rent with Ability to Achieve 8.58 GRM in Existing Condition
  • Excellent Unit Mix Featuring Separate HVAC, Electric, Updated Finishes & Numerous Capital Improvements
  • OM Available Upon Request

Executive Summary

Introducing 5437-5439 S. Harper, a rarely available center entrance six (6) unit apartment building located in a prime Hyde Park location. This irreplaceable address is next door to Trader Joe’s, walking distance to 53rd shopping, the University of Chicago shuttle at Lake Park & 54th Street, Metra and 90/94 Expressway for easy commuting.
Renovated in 2022-2023, the property features all 2-bed/2-bath apartments showcasing meticulously designed floor plans. Updates include new kitchens, stainless-steel appliances, dishwashers, in-unit laundry, refinished hardwood flooring, and modern bathroom finishes. In addition to its cosmetic finishes, the building also has new individual HVAC, new plumbing and electric service, rebuilt porches and a well-maintained roof.
5437-39 S. Harper is an incredible investment opportunity to acquire a renovated turn-key property in one of Chicago’s most desirable neighborhoods. With exceptional cash-flow and minimal expenses this cash flowing asset generates strong income from day one. In an A+ Hyde Park location, nestled by the University of Chicago's campus, new ownership has the rare opportunity to acquire a stabilized investment providing a solid cash-on-cash return for many years to come.

Property Facts

Price £1,211,913
Price Per Unit £201,986
Sale Type Investment
Net Initial Yield 6.90%
Gross Rent Multiplier 9.62
No. Units 6
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.08 AC
Building Size 5,490 SF
Number of Floors 3
Year Built 1900

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+2 6 - -
Walk Score ®
Walker's Paradise (96)
Bike Score ®
Biker's Paradise (95)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
20-11-426-008-0000
Land Assessment
£17,415
Improvements Assessment
£40,117
Total Assessment
£57,533

zoning

Zoning Code RM-5
RM-5
  • Listing ID: 32748347

  • Date on Market: 09/08/2024

  • Last Updated:

  • Address: 5437-5439 S Harper Ave, Chicago, IL 60615

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}