Woodlawn House Apartments | 5214 S Woodlawn Ave
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Woodlawn House Apartments 5214 S Woodlawn Ave 85 Unit Apartment Building $10,000,000 ($117,647/Unit) 6.61% Cap Rate Chicago, IL 60615
INVESTMENT HIGHLIGHTS
- Prime Hyde Park Location
- Significant Rental Upside
- Call For Offers July 15th
- Meticulously Maintained
- On-Site Laundry Facility
EXECUTIVE SUMMARY
Kiser Group is pleased to exclusively present for purchase The Woodlawn House Apartments, an eighty-five (85) unit apartment at 5210-14 S. Woodlawn Ave. Situated in premier locations in one of Chicago's most rapidly appreciating neighborhoods, the assets are ideally located just blocks away from the University of Chicago, downtown Hyde Park, and Lake Michigan.
The Woodlawn House is comprised of forty-five (45) studios and forty (40) 1bd/1Ba units. All of which, however, are meticulously maintained. Recent improvements to the buildings include, but are not limited to, a modern boiler with an R&D control system, newer windows & porches, and an abundance of masonry & tuckpointing work. The Woodlawn House also has an on-site leasing office, gym, and bike room.
The Woodlawn House presents an investor with the opportunity to acquire Eighty-Seven (85) 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.
The Woodlawn House is comprised of forty-five (45) studios and forty (40) 1bd/1Ba units. All of which, however, are meticulously maintained. Recent improvements to the buildings include, but are not limited to, a modern boiler with an R&D control system, newer windows & porches, and an abundance of masonry & tuckpointing work. The Woodlawn House also has an on-site leasing office, gym, and bike room.
The Woodlawn House presents an investor with the opportunity to acquire Eighty-Seven (85) 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 | $10,000,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $117,647 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.38 AC |
| Cap Rate | 6.61% | Building Size | 54,280 SF |
| No. Units | 85 | Average Occupancy | 88% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1929 |
| Zoning | RT-4 | ||
| Price | $10,000,000 |
| Price Per Unit | $117,647 |
| Sale Type | Investment |
| Cap Rate | 6.61% |
| No. Units | 85 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 54,280 SF |
| Average Occupancy | 88% |
| No. Stories | 3 |
| Year Built | 1929 |
| Zoning | RT-4 |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Ceiling Fans
- High Speed Internet Access
- Range
- Walk-In Closets
- Window Coverings
SITE AMENITIES
- Controlled Access
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Elevator
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 20 | - | 275 |
| Studios | 8 | - | 300 |
| Studios | 17 | - | 350 |
| 1+1 | 16 | - | 525 |
| 1+1 | 23 | - | 875 |
| 1+1 | 1 | - | 875 |
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Walk Score®
Walker's Paradise (92)
Bike Score®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $503,117 | |
| Land Assessment | $101,680 | Total Assessment | $604,797 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$101,680
Improvements Assessment
$503,117
Total Assessment
$604,797
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Woodlawn House Apartments | 5214 S Woodlawn Ave
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