5455 Blackstone Ave, Chicago, IL 60615
63 Unit Apartment Building | $8,700,000 ($138,095/Unit) | Chicago, IL 60615
For Sale
Active
19 pictures
Asking Price $8,700,000
- Property Type
-
Multifamily
- Square Feet
- 24,386 SF
Listing Contacts
Joe Smazal
Mark Dykstra
- Property Info
Property Overview
Interra Realty has been exclusively engaged to market 5455 S. Blackstone Avenue, Chicago, for sale. The subject investment property is a 63 unit, mid-rise style building in the Hyde Park Neighborhood.
The property features a mix of studio and one bedroom apartments, which are in high demand given the proximity to the University of Chicago. The sellers have begun an apartment modernization program, which a new investor can continue to achieve higher rent levels. The property offers an inviting lobby and is serviced by a passenger elevator.
5455 S. Blackstone Avenue is being offered for sale with attractive, assumable financing. The Freddie Small Balance loan is fixed until May 2029 and 4.51%
The property features a mix of studio and one bedroom apartments, which are in high demand given the proximity to the University of Chicago. The sellers have begun an apartment modernization program, which a new investor can continue to achieve higher rent levels. The property offers an inviting lobby and is serviced by a passenger elevator.
5455 S. Blackstone Avenue is being offered for sale with attractive, assumable financing. The Freddie Small Balance loan is fixed until May 2029 and 4.51%
Property Details
- Class
- C
- Year Built
- 1936
- Stories
- 7
- Lot Size (sq. ft)
- 7,405 SF
- Units
- 63
Highlights
- Rarely Available, Vintage High-Rise Walking Distance from U of Chicago
- High Demand Studio and One Bed Apartments
- Upside in Rents by Continuing Unit Modernization Program
- Well Maintained and Professionally Managed
- Attractive Assumable Financing at 4.51% Until 5/1/29
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