Campus Court Apartments | 5417 S Harper Ave
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Campus Court Apartments 5417 S Harper Ave 58 Unit Apartment Building $8,850,000 ($152,586/Unit) 7.23% Cap Rate Chicago, IL 60615
INVESTMENT HIGHLIGHTS
- Prime Hyde Park Location
- Significant Rental Upside
- Call For Offers July 15th
- 7.23% Cap Rate
- On Site Laundry Facilities
EXECUTIVE SUMMARY
Kiser Group is pleased to exclusively present for purchase the Campus Court Apartments, a fifty-eight (58) unit building located at 5417-25 S. Harper Ave. Situated in a premier location in one of Chicago's most rapidly appreciating neighborhoods, the asset is ideally located just blocks away from the University of Chicago, downtown Hyde Park, and Lake Michigan.
The Campus Court Apartments are comprised of thirty-six (36) studios and twenty-two (22) 1bd/1ba. All of which, however, are meticulously maintained. Recent improvements to the buildings include, but are not limited to, modern boilers with R&D control systems, newer windows & porches, and an abundance of masonry & tuckpointing work.
The Campus Court Apartments present an investor with the opportunity to acquire fifty-eight (58) 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 Campus Court Apartments are comprised of thirty-six (36) studios and twenty-two (22) 1bd/1ba. All of which, however, are meticulously maintained. Recent improvements to the buildings include, but are not limited to, modern boilers with R&D control systems, newer windows & porches, and an abundance of masonry & tuckpointing work.
The Campus Court Apartments present an investor with the opportunity to acquire fifty-eight (58) 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 | $8,850,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $152,586 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 7.23% | Building Size | 45,000 SF |
| No. Units | 58 | Average Occupancy | 91% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1924 |
| Zoning | RM-5 | ||
| Price | $8,850,000 |
| Price Per Unit | $152,586 |
| Sale Type | Investment |
| Cap Rate | 7.23% |
| No. Units | 58 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 45,000 SF |
| Average Occupancy | 91% |
| No. Stories | 3 |
| Year Built | 1924 |
| Zoning | RM-5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Ceiling Fans
- Hardwood Floors
- High Speed Internet Access
- Walk-In Closets
- Porch
- Window Coverings
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Dry Cleaning Service
- Package Service
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 21 | - | 325 |
| Studios | 9 | - | 400 |
| Studios | 6 | - | 500 |
| 1+1 | 17 | - | 675 |
| 1+1 | 5 | - | 750 |
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Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 20-11-426-006-0000 | Improvements Assessment | $399,300 |
| Land Assessment | $93,000 | Total Assessment | $492,300 |
PROPERTY TAXES
Parcel Number
20-11-426-006-0000
Land Assessment
$93,000
Improvements Assessment
$399,300
Total Assessment
$492,300
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Campus Court Apartments | 5417 S Harper Ave
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