Log In/Sign Up
Your email has been sent.
6128 S Prairie Ave 8 Unit Apartment Building $975,000 ($121,875/Unit) 10.65% Cap Rate Chicago, IL 60637
Investment Highlights
- Six (6) 3Bd/1Ba & One (1) 2Bd/1Ba Units
- Updated Copper Plumbing Throughout
- Individual HVAC & Hot Water Tanks
- Prime Washington Park Location
Executive Summary
Kiser Group is pleased to exclusively present for purchase 6128 S. Prairie, a rarely available eight (8) unit multifamily building located in Chicago’s Washington Park neighborhood. The property sits adjacent to Hyde Park and is just blocks from the prestigious University of Chicago, as well as the future site of the Obama Presidential Library, positioning it within one of the city’s most dynamic and rapidly developing areas.
6128 S. Prairie is comprised of eight (8) total units, including six (6) 3Bd/1Ba units, one (1) 2Bd/1Ba unit, and one (1) 1Bd/1Ba unit. The apartments feature open floor plans with hardwood flooring throughout, high-end kitchens with granite countertops and stainless steel appliances, and modern bathrooms with custom finishes. Capital improvements include copper plumbing, updated porches, and individual HVAC systems and hot water tanks for each unit.
6128 S. Prairie presents investors with the opportunity to acquire a well-maintained, income-producing asset in one of Chicago’s fastest-growing neighborhoods. With an in-place cap rate exceeding 10%, 6128 S. Prairie offers immediate scale and strong, day-one cash flow.
6128 S. Prairie is comprised of eight (8) total units, including six (6) 3Bd/1Ba units, one (1) 2Bd/1Ba unit, and one (1) 1Bd/1Ba unit. The apartments feature open floor plans with hardwood flooring throughout, high-end kitchens with granite countertops and stainless steel appliances, and modern bathrooms with custom finishes. Capital improvements include copper plumbing, updated porches, and individual HVAC systems and hot water tanks for each unit.
6128 S. Prairie presents investors with the opportunity to acquire a well-maintained, income-producing asset in one of Chicago’s fastest-growing neighborhoods. With an in-place cap rate exceeding 10%, 6128 S. Prairie offers immediate scale and strong, day-one cash flow.
Property Facts
| Price | $975,000 | Apartment Style | Low-Rise |
| Price Per Unit | $121,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 10.65% | Building Size | 6,954 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1927 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RM-5 - Residential | ||
| Price | $975,000 |
| Price Per Unit | $121,875 |
| Sale Type | Investment |
| Cap Rate | 10.65% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,954 SF |
| No. Stories | 3 |
| Year Built | 1927 |
| Opportunity Zone |
Yes |
| Zoning | RM-5 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 900 |
| 2+1 | 1 | - | 1,000 |
| 3+1 | 6 | - | 1,000 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-15-315-088-0000 | Improvements Assessment | $56,869 |
| Land Assessment | $25,232 | Total Assessment | $82,101 |
Property Taxes
Parcel Number
20-15-315-088-0000
Land Assessment
$25,232
Improvements Assessment
$56,869
Total Assessment
$82,101
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
6128 S Prairie Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.