Chicago, IL 60637 5637-43 S Prairie Avenue
$2,985,000



22 more






















Presented By: Fulton Grace Realty
Home Details
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.
Presented By: Fulton Grace Realty
General for 5637-43 S Prairie Avenue
Additional Parcels Y/NNo
CityChicago
CountyCook
DirectionsTAKE PRAIRIE SOUTH TO PROPERTY
Electric Expense1500
Fuel Expense
Gross Income302400
Insurance Expense7500
MLS AreaCHI - Washington Park
MaintenanceExpense3000
Net Operating Income225540
Number Of Units Total9
Operating Expense87600
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount1150
Tax Year2023
Trash Expense2500
Water Sewer Expense7500
Year Built2026
Exterior for 5637-43 S Prairie Avenue
Lot Dimensions75x161
Additional Details
Price History
