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Woodlawn Apartments 5140 S Woodlawn Ave 51 Unit Apartment Building $5,100,000 ($100,000/Unit) Chicago, IL 60615
Investment Highlights
- Prime Location situated along some of the highest-deman retail and entertainment corridors on the South Side of Chicago
- Value-Add potential - Annual gross rental income is more than $200,000 below market
- Stabilized with Upside, 100% occupied with minimal historical vacancy
- Diversified income stream including multifamily units, retail tenants, and a rooftop billboard
Executive Summary
5140 South Woodlawn Avenue is 51 Apartments, $5,900,000.
Property Facts
| Price | $5,100,000 | Building Class | C |
| Price Per Unit | $100,000 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 32,500 SF |
| No. Units | 51 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | Cross Streets | 52nd St |
| Apartment Style | Mid-Rise | ||
| Zoning | RM 5 | ||
| Price | $5,100,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| No. Units | 51 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 32,500 SF |
| No. Stories | 4 |
| Year Built | 1926 |
| Cross Streets | 52nd St |
| Zoning | RM 5 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Carpet
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 51 | - | 600 |
1 1
Very walkable
80/100
Fairly drivable
50/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 20-11-305-015-0000 | Improvements Assessment | $300,397 |
| Land Assessment | $61,008 | Total Assessment | $361,405 |
Property Taxes
Parcel Number
20-11-305-015-0000
Land Assessment
$61,008
Improvements Assessment
$300,397
Total Assessment
$361,405
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Woodlawn Apartments | 5140 S Woodlawn Ave
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