5471 S Ridgewood Court
Chicago, IL, 60615 $ 1,250,000
Bedrooms2 Baths0.0 Sq 5,754 Monthly Estimate*
$ 8,308
for $1,250,000 with 2 bedrooms. This 5,754 square foot home was built in 1909 on a lot size of 0.08.
Rarely available, turnkey, all brick, 6-unit, apartment building in prime Hyde Park location! This is an amazing opportunity with a 6.5% NET CAP return at the list price! This classic, center entrance building is the perfect balance of timeless, Chicago architecture with modern convenience and updates throughout. The building is comprised of six (6) 2-bedroom / 1-bathroom apartments. All units are spacious and updated throughout. Features include modern style kitchens and baths, quartz counters, large living rooms, separate dining rooms, nice size bedrooms, custom lighting, insulated windows, refinished hardwood floors and back decks. Common areas have been enhanced with large individual storage units, newer on-site card payment laundry machines, perimeter video security system, well maintained and modernized zoned boiler system, updated exterior decks and professional landscaped expansive grounds. The building is perfectly located on a quiet, one-way street and very close to the University of Chicago campus, catering to both students and facility members. This building has been meticulously maintained by an experienced, professional, management company for many years. Tenants are satisfied here with many recently renewed leases, which will further increase rental income this year. This is a true arm-chair investment opportunity!
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FeaturesGeneralCooling Window Unit(s)
Possession Closing
Roof Reflective Coating Rubber
Zoning MULTI
Construction Materials Brick
Year Built 1909
Electric Circuit Breakers Separate Meters
Tenant Pays Air Conditioning Electricity
Stories 3
Township Hyde Park
Tax Year 2022
Current Use Multi-Family
Gross Income 133140
County Cook
Net Operating Income 81905
Operating Expense 54032
Insurance Expense 3000
Property Type Commercial Sale Multi Family 5+
Contingency Attorney/Inspection
Status Contingent
Directions Southwest corner of Ridgewood Ct. and E. 55th St.
City Chicago
NumberOfUnitsTotal 6
MLS Area CHI - Hyde Park
Lot Size Square Feet 3800
Street Name Ridgewood
Tax Annual Amount 15565
Electric Expense 437
Fuel Expense 4885
Trash Expense 2239
Water Sewer Expense 2222
Additional Parcels Y/N Y
Virtual Tour https://urldefense.proofpoint.com/v2/url?u=https-3A__tours.positiveimagelive.com_2244966-3Fidx-3D1&d=DwMFaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=ZfftGjTv2BCFU4XTLWmsq_D5NEuwsgysldUyswuzpUE
Days on Market 19
Standard Status Active Under Contract
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InteriorTotal Fireplaces 0
Street Suffix Court
Basement Unfinished Exterior Access Concrete (Basement) Storage Space
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ExteriorFoundation Details Concrete Perimeter
Building Area Total 5754
Lot Dimensions 50 X 77.6
Lot Size Acres 0.08
Exterior Brick
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* Excluded FeaturesList ByJameson Sotheby's Intl RealtyBroker
michael@theshenfeldgroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $8,308
- Monthly Property Taxes
- $1,297
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Chicago, IL
Average List Price $639,656
Percent of Sale Price 49%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
5/21/2024 | $1,250,000 | | Listed Price |