6103-05 S University Ave
Chicago, IL 60637
$1,750,000
Price
11,960
Sq. Ft.
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Executive Summary

6-unit investment opportunity in rapidly developing Woodlawn less than a block from the University of Chicago campus. Massive units originally built for condos in 2010. Excellent opportunity to purchase a newer construction, cash flowing asset below replacement value in a neighborhood that is experiencing a building boom. The units have been 100% rented by a University of Chicago fraternity since it was constructed. Incredible upside as Woodlawn continues to appreciate with the construction of the Obama Presidential Library and the continued growth of the University of Chicago.

Pad parking for 6+ cars. Quartz countertops, stainless steel appliances, large bathrooms with separate tub and shower, outdoor space for each unit and bamboo flooring. Built in 2010 with condo level finishes. Continue to cash flow with potential condo exit with modernized upgrades.

Property Location

Chicago » 60637 » 6103-05 S University Ave

Property Details

Status Active
Listing Type For Sale
Property Type Multi-family
Building Size 11,960 Sq. Ft.
Price $1,750,000

Broker Contact

Nate Gautsche

Nate Gautsche, CCIM

Mobile: (312) 925-2521

Office: (773) 327-9300

Email: NateG@crer.com

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