5847-5849 S Michigan Ave 8 Unité Immeuble d’appartements 1 278 612 $ CAD (159 826 $ CAD/Unité) 9,70% Taux de capitalisation Chicago, IL 60637

Investment Opportunity | 8-Unit Multifamily | Washington Park
Excellent opportunity to acquire an 8-unit multifamily investment in Chicago's rapidly evolving Washington Park neighborhood, just minutes from the Obama Presidential Center, the University of Chicago, public transportation, and ongoing neighborhood redevelopment.
The property consists of six (6) spacious 3-bedroom/1-bath units and two (2) 1-bedroom/1-bath units, providing a desirable unit mix for long-term rental demand. Currently, seven (7) units are occupied, with one vacant unit offering immediate lease-up potential and additional upside.
Current ownership has completed various repairs and maintenance since acquisition and has assembled a comprehensive due diligence package, including a current rent roll, income and expense statement, and repair history.
Based on the current financials, the property presents an attractive investment opportunity with an estimated 9.7% cap rate at the current asking price, making it appealing to both local and out-of-state investors seeking immediate cash flow with future value-add potential.
Property Highlights:
8-unit brick apartment building
Six (6) 3BR/1BA units
Two (2) 1BR/1BA units
Seven units occupied; one vacant unit available for lease-up
Investor-friendly financial package available
Walking distance to public transportation
Minutes from the Obama Presidential Center and University of Chicago
Value-add opportunity through continued asset management and future capital improvements
Financials, rent roll, and additional due diligence documents are available upon request. Showings by appointment only.