Campus Court Apartments 5417 S Harper Ave 58 Unit Apartment Building $8,850,000 ($152,586/Unit) 7.23% Cap Rate Chicago, IL 60615

INVESTMENT HIGHLIGHTS

  • Prime Hyde Park Location
  • Significant Rental Upside
  • Call For Offers July 15th
  • 7.23% Cap Rate
  • On Site Laundry Facilities

EXECUTIVE SUMMARY

Kiser Group is pleased to exclusively present for purchase the Campus Court Apartments, a fifty-eight (58) unit building located at 5417-25 S. Harper Ave. Situated in a premier location in one of Chicago's most rapidly appreciating neighborhoods, the asset is ideally located just blocks away from the University of Chicago, downtown Hyde Park, and Lake Michigan.
The Campus Court Apartments are comprised of thirty-six (36) studios and twenty-two (22) 1bd/1ba. All of which, however, are meticulously maintained. Recent improvements to the buildings include, but are not limited to, modern boilers with R&D control systems, newer windows & porches, and an abundance of masonry & tuckpointing work.
The Campus Court Apartments present an investor with the opportunity to acquire fifty-eight (58) units in the heart of Chicago's Hyde Park neighborhood. This offering presents a sizable asset in a neighborhood with limited sales activity, making it an attractive proposition for investors seeking immediate economies of scale and potential for further value enhancement.?

PROPERTY FACTS

Price $8,850,000
Price Per Unit $152,586
Sale Type Investment
Cap Rate 7.23%
No. Units 58
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.35 AC
Building Size 45,000 SF
Average Occupancy 91%
No. Stories 3
Year Built 1924
Zoning RM-5

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Ceiling Fans
  • Hardwood Floors
  • High Speed Internet Access
  • Walk-In Closets
  • Porch
  • Window Coverings

SITE AMENITIES

  • Controlled Access
  • Laundry Facilities
  • Property Manager on Site
  • Dry Cleaning Service
  • Package Service
  • Maintenance on site

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 21 - 325
Studios 9 - 400
Studios 6 - 500
1+1 17 - 675
1+1 5 - 750
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (97)

PROPERTY TAXES

  • Listing ID: 36306049

  • Date on Market: 6/18/2025

  • Last Updated:

  • Address: 5417 S Harper Ave, Chicago, IL 60615