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5124-5126 S University Ave 8 Unit Apartment Building $2,225,000 ($278,125/Unit) 7.47% Cap Rate Chicago, IL 60615
Investment Highlights
- Oversized 1,500 SF 4 bedroom 2 bathroom apartments
- 4 car garage
- In unit Laundry
Executive Summary
CRER is pleased to exclusively offer this stately apartment building located near the University of Chicago, one of the most powerful institutional anchors in the Midwest. Hyde Park is known for stable tenant demand, timeless architectural character, and consistent long term appreciation. The location offers immediate access to the University of Chicago along with close proximity to Lake Michigan, Downtown Chicago, and accessible public transportation, all of which support a deep and dependable renter pool. This property is ideally suited for investors seeking a core Hyde Park position with strong in place income and durable long term value growth. The location drives consistently high demand, makes this an outstanding opportunity in one of the most resilient and historically stable multifamily submarkets in Chicago.
Property Facts
| Price | $2,225,000 | Property Subtype | Apartment |
| Price Per Unit | $278,125 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.47% | Lot Size | 0.20 AC |
| Gross Rent Multiplier | 8.51 | Building Size | 10,460 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1895 |
| Zoning | RM-5 | ||
| Price | $2,225,000 |
| Price Per Unit | $278,125 |
| Sale Type | Investment |
| Cap Rate | 7.47% |
| Gross Rent Multiplier | 8.51 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 10,460 SF |
| No. Stories | 3 |
| Year Built | 1895 |
| Zoning | RM-5 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gated
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | - | - |
| 3+1 | 1 | - | - |
| 4+2 | 6 | - | 1,450 |
1 1
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (86)
Property Taxes
| Parcel Number | 20-11-304-009-0000 | Improvements Assessment | $88,160 |
| Land Assessment | $50,840 | Total Assessment | $139,000 |
Property Taxes
Parcel Number
20-11-304-009-0000
Land Assessment
$50,840
Improvements Assessment
$88,160
Total Assessment
$139,000
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5124-5126 S University Ave
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