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6044 Eberhart ave - 6044 Eberhart ave 3 Unit Apartment Building Offered at $859,000 at a 7.54% Cap Rate Chicago, IL 60637
Executive Summary
Gorgeous NEW Construction 3-unit in prime Woodlawn Location. Set alongside 3 other New Developments by the same developer and with rent and sales comps already established. Modern design with the perfect blend of city living and convenience. Each unit has a spacious, open-concept layout and condo-quality features, such as 42" cabinets, stainless steel appliances, recessed lighting, in-unit laundry. Each unit is a large 3 bed/ 2 bath, with a luxury master bathroom at the rear and extra built-out storage closets. The units will rent easily and proforma rents are $7,200/month. The top unit features a vaulted ceiling and decorative railings for an added touch of luxury. Located in the vibrant Woodlawn neighborhood, this property offers unbeatable convenience, 2 minute walk to CTA line and easy access to Washington Park, Jackson Park, the lakefront, beaches, and harbor. The highly anticipated Obama Presidential Center will further enhance this thriving community, already known for its unique dining, coffee shops, and nearby grocery stores. Prime investment opportunity, positioned for cash flow, appreciation, and creating generational wealth in one of Chicago's most exciting neighborhoods. Can arrange property management for any out-of-state buyers.
Property Facts
| Price | $859,000 | Property Type | Multifamily |
| Price Per Unit | $286,333 | Building Size | 3,750 SF |
| Sale Type | Investment | Average Occupancy | 0% |
| Cap Rate | 7.54% | No. Stories | 3 |
| No. Units | 3 | Year Built | 2026 |
| Price | $859,000 |
| Price Per Unit | $286,333 |
| Sale Type | Investment |
| Cap Rate | 7.54% |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 3,750 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 2026 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | $2,400 | 1,250 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
70/100
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6044 Eberhart ave - 6044 Eberhart ave
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