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5644 S Prairie Ave
Chicago, IL 60637
Build-to-Rent Property For Sale
·
4 Units
EXECUTIVE SUMMARY
4-unit, 2007 construction, OWNER-OCCUPANT investment opportunity in appreciating east Washington Park! Unit 2 has been rehabbed to feature modern improvements to be compared to other new construction in the area.
All four units are 3-bed / 2-bath and have in-unit laundry hook-ups, hardwood and tile throughout, modern appliances, gas-forced-heat / central air, in-unit hot water tanks, and individual utilities. The units are larger than than most of the new construction in the area, ranging in size between 1,200 and 1,400 SF.
The property has had extensive improvements in the last year to the interior and exterior. Other notable features: steel porches with individual outdoor spaces, sump pump and grinder pump, breaker panels in-unit, five exterior parking spaces with automatic gate, common coin laundry, new carpet and paint in common hallway, granite countertops with islands, separate living and dining areas, and updated lighting and bathroom fixtures. All kitchens have refrigerators, dishwashers, gas stoves, built-in microwaves, and condo-quality cabinetry.
This is a fantastic opportunity for an owner-occupant to occupy one unit and benefit from the income from the other three units.
All four units are 3-bed / 2-bath and have in-unit laundry hook-ups, hardwood and tile throughout, modern appliances, gas-forced-heat / central air, in-unit hot water tanks, and individual utilities. The units are larger than than most of the new construction in the area, ranging in size between 1,200 and 1,400 SF.
The property has had extensive improvements in the last year to the interior and exterior. Other notable features: steel porches with individual outdoor spaces, sump pump and grinder pump, breaker panels in-unit, five exterior parking spaces with automatic gate, common coin laundry, new carpet and paint in common hallway, granite countertops with islands, separate living and dining areas, and updated lighting and bathroom fixtures. All kitchens have refrigerators, dishwashers, gas stoves, built-in microwaves, and condo-quality cabinetry.
This is a fantastic opportunity for an owner-occupant to occupy one unit and benefit from the income from the other three units.
PROPERTY FACTS
| Price Per Unit | £196,358 | Costar Property Class | C |
| Sale Type | Investment | Total Plot Size | 0.09 ac |
| Yield | 8.38% | Property Size | 5,976 sq ft |
| No. Units | 4 | No. Floors | 3 |
| Property Type | Build-to-Rent | Year Built | 2006 |
| Property Subtype | Apartment | Parking Allocation | 0.67/1,000 sq ft |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Use Class | RM-5 - Residential Multi-Unit District | ||
| Price Per Unit | £196,358 |
| Sale Type | Investment |
| Yield | 8.38% |
| No. Units | 4 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.09 ac |
| Property Size | 5,976 sq ft |
| No. Floors | 3 |
| Year Built | 2006 |
| Parking Allocation | 0.67/1,000 sq ft |
| Opportunity Zone |
Yes |
| Use Class | RM-5 - Residential Multi-Unit District |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 3+2 | 4 | - | 1,300 |
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