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5532 Indiana Ave 8 Unit Apartment Building $1,451,892 CAD ($181,486 CAD/Unit) 10% Cap Rate Chicago, IL 60637
Investment Highlights
- Professional Offering Memorandum Available Upon Request
- Significant Rental Upside: Rents are +55% Below Market
- Located 2 Blocks from CTA Garfield Green Line Stop
- Favorable Unit Mix of [2] 2BD/BA, [4] 3BD/BA, and [2] 4BD/2BA Units
- 7 Off-Street Parking Spots + Common Area Laundry
- Individually Furnaced, Tenants Pay Heat
Executive Summary
Nara Realty Advisors is pleased to exclusively market for sale 5532 S Indiana Ave, an 8-unit apartment building located in Chicago's Washington Park neighborhood.
Property Facts
| Price | $1,451,892 CAD | Building Class | C |
| Price Per Unit | $181,486 CAD | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 11,400 SF |
| Cap Rate | 10% | No. Stories | 3 |
| No. Units | 8 | Year Built | 1911 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | RM-5 - Residential | ||
| Price | $1,451,892 CAD |
| Price Per Unit | $181,486 CAD |
| Sale Type | Investment |
| Cap Rate | 10% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 11,400 SF |
| No. Stories | 3 |
| Year Built | 1911 |
| Opportunity Zone |
Yes |
| Zoning | RM-5 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 3+2 | 4 | - | - |
| 4+2 | 2 | - | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
70/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 20-15-102-015-0000 | Improvements Assessment | $44,340 CAD |
| Land Assessment | $39,909 CAD | Total Assessment | $84,249 CAD |
Property Taxes
Parcel Number
20-15-102-015-0000
Land Assessment
$39,909 CAD
Improvements Assessment
$44,340 CAD
Total Assessment
$84,249 CAD
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5532 Indiana Ave
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