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6156 S Kenwood Ave 8 Unit Apartment Building $5,000,000 ($625,000/Unit) 8.41% Cap Rate Chicago, IL 60637
Executive Summary
6156 is one block south of the esteemed University of Chicago. The property is configured in eight over-sized community pods with shared living and kitchen quarters, and three bathrooms, but private, secured bedrooms (ensuite options available). There are eight indoor secured parking spaces and ample, free nearby street parking is available.
Most units are recently remodeled, and all common areas are refreshed and comfortable. The property is fenced and well-lighted and has multiple points of secured entry. All pods have balconies.
The Hyde Park / Woodlawn area is fifteen minutes south of Downtown Chicago along its famed lakefront, minutes from the University and generously served by expressways and public transportation. The area is rapidly appreciating thanks to numerous economic drivers including the University, the Obama Presidential Library and countless cultural landmarks, new residential construction and commercial business investments.
Most units are recently remodeled, and all common areas are refreshed and comfortable. The property is fenced and well-lighted and has multiple points of secured entry. All pods have balconies.
The Hyde Park / Woodlawn area is fifteen minutes south of Downtown Chicago along its famed lakefront, minutes from the University and generously served by expressways and public transportation. The area is rapidly appreciating thanks to numerous economic drivers including the University, the Obama Presidential Library and countless cultural landmarks, new residential construction and commercial business investments.
Property Facts
| Price | $5,000,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $625,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 8.41% | Building Size | 8,000 SF |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1970/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Zoning | RM-5 | ||
| Price | $5,000,000 |
| Price Per Unit | $625,000 |
| Sale Type | Investment |
| Cap Rate | 8.41% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 8,000 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1970/2024 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | RM-5 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Tub/Shower
- Dining Room
Site Amenities
- 24 Hour Access
- Security System
- Storage Space
- Bicycle Storage
- Online Services
- Public Transportation
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+3 | 8 | - | 2,000 |
1 1
Very walkable
80/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-14-408-029-0000 | Improvements Assessment | $84,325 |
| Land Assessment | $10,375 | Total Assessment | $94,700 |
Property Taxes
Parcel Number
20-14-408-029-0000
Land Assessment
$10,375
Improvements Assessment
$84,325
Total Assessment
$94,700
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6156 S Kenwood Ave
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