6050 Eberhart ave - 6050 Eberhart
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6050 Eberhart ave - 6050 Eberhart
30 Unit Apartment Building Offered at £696,504 at a 7.13% Net Initial Yield in Chicago, IL 60637
Executive Summary
March 2025 Delivery: New Construction 3-unit in Booming Woodlawn, north of 63rd St. Contemporary & Modern design with the perfect blend of city living and convenience, close to the Green Line just a short walk away and the University of Chicago and Obama Library. Each unit has a spacious, open-concept layout and condo quality features, such as 42" cabinets, stainless steel appliances, recessed lighting, built-out closets, in-unit laundry, and beautifully tiled floors. Each unit is a large,3 bed/ 2 bath, with a luxury master bathroom at the rear. The units will rent easily Top unit features a vaulted ceiling and decorative railings for an added touch of luxury. Added soundproofing for privacy between the units Prime investment opportunity, positioned for cash flow, appreciation, and creating generational wealth in this high inflation environment. Can arrange property management for any out-of-state buyers.
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £696,504 | Construction Status | Under Construction |
| Price Per Unit | £23,217 | Building Size | 3,750 SF |
| Sale Type | Investment | Average Occupancy | 0% |
| Net Initial Yield | 7.13% | Number of Floors | 3 |
| No. Units | 30 | Year Built | 2025 |
| Property Type | Residential | Opportunity Zone |
Yes
|
| Price | £696,504 |
| Price Per Unit | £23,217 |
| Sale Type | Investment |
| Net Initial Yield | 7.13% |
| No. Units | 30 |
| Property Type | Residential |
| Construction Status | Under Construction |
| Building Size | 3,750 SF |
| Average Occupancy | 0% |
| Number of Floors | 3 |
| Year Built | 2025 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+2 | 3 | £1,924 | 1,250 |
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6050 Eberhart ave - 6050 Eberhart
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