5135 S Kenwood Avenue #502
Chicago, IL 60615

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Description

ATTENTION INVESTORS! Incredible opportunity to own a 4-bedroom, 2-bath duplex penthouse condo delivering strong, stable returns in a highly desirable building. This unit is fully rented through June 2027, producing $3,750/month in rental income ($3,600 from the apartment + $150 for the secured parking space), and offers an impressive 10% cap rate from day 1. Located in an elevator building that is investor-friendly, this penthouse unit includes one secured, gated parking space, a private storage unit, and is situated in a pet-friendly building with an on-site engineer living in the building. The HOA covers everything except electricity and internet, making ownership simple and predictable. Inside, the open-concept kitchen features abundant cabinetry, granite countertops, stainless steel appliances, gas range, microwave, dishwasher, under-cabinet lighting, and a breakfast bar perfect for entertaining. The living area is anchored by a real gas fireplace with a natural stone surround, while matte black modern light fixtures and sconces add a stylish, contemporary touch. The main level boasts hardwood floors, a spacious living room, one large bedroom, and a full bathroom. A stunning spiral staircase, one of the apartment's most desirable features to tenants, leads to the second level, which offers three additional bedrooms, another full bathroom, and an in-unit washer and dryer. One of the bedrooms is extra large with a walk-in closet and even provides private access to the 6th-floor entrance. As the only unit in the building with central air (installed in 2023), this penthouse also enjoys a unique comfort advantage. Positioned above surrounding buildings and tree lines, the west and north facing windows flood the home with natural light and provide unobstructed, sweeping views of Hyde Park and the surrounding neighborhoods. 10% cap rate from day 1, through mid 2027. Schedule your showing today!

Features

• Property Type: Condo/Townhouse
• Sub Type: Attached Single
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60615
• School District: 299
• Total Rooms: 6
• Bedrooms: 4
• Full Baths: 2
• # of Parking Spaces: 1
• Baths: 2
• Additional Parcels: Yes
• Additional Parcels Description: 20114020411033
• Appliances: Range, Microwave, Dishwasher, Refrigerator
• Association Amenities: Elevator(s), Storage, On Site Manager/Engineer, Security Door Lock(s), Ceiling Fan
• Association Fee Includes: Heat, Water, Gas, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
• Bedrooms Possible: 4
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick, Concrete
• Cooling: Central Air
• Directions: Lake Park Avenue & 53rd Street West to Kenwood North to 5135.
• East: 1300
• Entry Level: 5
• Flooring: Hardwood
• General Information: Commuter Bus, Commuter Train
• HOA Fee: 834
• HOA Frequency: Monthly
• Heating: Natural Gas, Baseboard
• Interior Features: Storage, Granite Counters
• Is Parking Included in Price: Yes
• Laundry Features: Washer Hookup, In Unit
• Living Area Source: Not Reported
• Main Type: Residential
• Management: Manager Off-site
• Management Company: Urban Apple
• Max Pet Weight: 999
• Parking Features: Assigned, Yes
• Pets Allowed: Cats OK, Dogs OK
• Pets Allowed (Y/N): Yes
• Rooms: No additional rooms
• Sewer: Public Sewer
• South: 5100
• Special Service Area: N
• Stories Total: 6
• Tax Annual Amount: 5262.86
• Tax Year: 2024
• Total # Units in Building: 62
• Township: Hyde Park
• Type Attached: Condo-Duplex
• Water Source: Lake Michigan