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Everett Apartments 5465 S Everett Ave 39 Unit Apartment Building £3,288,164 (£84,312/Unit) 8% Net Initial Yield Chicago, IL 60615
INVESTMENT HIGHLIGHTS
- [30] Studio Units | [8] 1-Bedroom Units | [1] 2-Bedroom Units
- The property is 100% occupied, demonstrating a solid demand for rental housing in the area
- Current rents are below market with the potential to increase to market
- This property benefits from it's proximity to the University of Chicago, many national retailers, as well as lakeside accessibility
- Current cap rate of 6.7%, projected to increase to 8.0% with market rents
- This property is steps from the 53rd/55th Street Metra Station, offering 15 minute access to downtown Chicago
EXECUTIVE SUMMARY
Nara Advisors is pleased to exclusively market for sale 5465 S Everett Ave, a 39-unit apartment building located in Chicago's Hyde Park neighborhood
PROPERTY FACTS
| Price | £3,288,164 | Apartment Style | Mid-Rise |
| Price Per Unit | £84,312 | Costar Property Class | C |
| Sale Type | Investment | Total Plot Size | 0.26 ac |
| Yield | 8% | Property Size | 29,192 sq ft |
| No. Units | 39 | No. Floors | 4 |
| Property Type | Build-to-Rent | Year Built | 1925 |
| Property Subtype | Apartment | ||
| Use Class | RM-6 | ||
| Price | £3,288,164 |
| Price Per Unit | £84,312 |
| Sale Type | Investment |
| Yield | 8% |
| No. Units | 39 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.26 ac |
| Property Size | 29,192 sq ft |
| No. Floors | 4 |
| Year Built | 1925 |
| Use Class | RM-6 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Tub/Shower
- Window Coverings
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| Studios | 30 | - | 450 |
| 1+1 | 8 | - | 750 |
| 2+1 | 1 | - | 950 |
1 1
Walk Score®
Easily Walkable (86)
Bike Score®
Ideal For Cyclists (98)
PROPERTY TAXES
| Parcel Number | 20-12-114-031-0000 | Improvements Assessment | £154,503 |
| Land Assessment | £51,893 | Total Assessment | £206,397 |
PROPERTY TAXES
Parcel Number
20-12-114-031-0000
Land Assessment
£51,893
Improvements Assessment
£154,503
Total Assessment
£206,397
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Everett Apartments | 5465 S Everett Ave
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