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Everett Apartments 5465 S Everett Ave 39 Unit Apartment Building $4,400,000 ($112,821/Unit) 8% Cap Rate Chicago, IL 60615
Investment Highlights
- [30] Studio Units | [8] 1-Bedroom Units | [1] 2-Bedroom Units
- The property is 100% occupied, demonstrating a solid demand for rental housing in the area
- Current rents are below market with the potential to increase to market
- This property benefits from it's proximity to the University of Chicago, many national retailers, as well as lakeside accessibility
- Current cap rate of 6.7%, projected to increase to 8.0% with market rents
- This property is steps from the 53rd/55th Street Metra Station, offering 15 minute access to downtown Chicago
Executive Summary
Nara Advisors is pleased to exclusively market for sale 5465 S Everett Ave, a 39-unit apartment building located in Chicago's Hyde Park neighborhood
Property Facts
| Price | $4,400,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $112,821 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 8% | Building Size | 29,192 SF |
| No. Units | 39 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | ||
| Zoning | RM-6 | ||
| Price | $4,400,000 |
| Price Per Unit | $112,821 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 29,192 SF |
| No. Stories | 4 |
| Year Built | 1925 |
| Zoning | RM-6 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Tub/Shower
- Window Coverings
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 30 | - | 450 |
| 1+1 | 8 | - | 750 |
| 2+1 | 1 | - | 950 |
1 1
Walk Score®
Very Walkable (86)
Bike Score®
Biker's Paradise (98)
Property Taxes
| Parcel Number | 20-12-114-031-0000 | Improvements Assessment | $206,746 |
| Land Assessment | $69,440 | Total Assessment | $276,186 |
Property Taxes
Parcel Number
20-12-114-031-0000
Land Assessment
$69,440
Improvements Assessment
$206,746
Total Assessment
$276,186
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Everett Apartments | 5465 S Everett Ave
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