5637-43 S Prairie Avenue
Chicago, IL 60637

More
Photos »

Tools & Resources:

Description

New Construction 9 Unit Building by one of the Southside's Premium Developers & the Opportunity to own a trophy investment property in a rapidly appreciating neighborhood. Perfect for a 1031 Investor looking for a property with over $25,000/month in projected income (with rental and sale comps already proven by the same developer in the same area), low maintenance, and steady year-on-year upside appreciation. Each building is on an oversized lot. Each luxury simplex is a 3 bedroom, 2 bathroom Condo Quality Unit; each features a beautiful 1,500 sq ft open floorplan, each kitchen with high-end stainless steel appliances, quartz counters, and in-unit laundry. Extra insulation for noise reduction between floors and from the outside. Unbeatable location walking distance to the CTA Green Line station and two blocks from Washington Park. Projected rent roll is $8,400.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60637
• Year Built: 2026
• Stories: 3
• Units: 9 units
• Approximate Age: New Construction
• Directions: TAKE PRAIRIE SOUTH TO PROPERTY
• Electric Expense: 1500
• Gross Income: 302400
• Gross Rent Multiplier: 9.92
• Heat/Ventilation: Electric, Forced Air, Gas
• Information: List Broker Must Accompany
• Insurance Expense: 7500
• Janitor Expense: 1000
• Main Type: Commercial Sale
• Maintenance Expense: 3000
• Operating Expense: 87600
• Tax Annual Amount: 1150
• Tax Year: 2023
• Total Monthly Income: 26100
• Trash Expense: 2500
• Type Multi-Family: Condo/Townhouse
• Water Sewer Expense: 7500