Chicago, IL 60615,5471 S Ridgewood Court
Chicago, IL 60615,5471 S Ridgewood Court
Chicago, IL 60615,5471 S Ridgewood Court
20
$1,250,000
$1,250,000
Est.Price: ?

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5,754 SqFt

5471 S Ridgewood Court Chicago, IL 60615

Est. payment /mo
SOLD DATE : 07/10/2024

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Key Details

Sold Price $1,250,000

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

Square Footage 5,754 sqft

Price per Sqft $217

MLS Listing ID 12042473

Sold Date 07/10/24

Year Built 1909

Annual Tax Amount $15,565

Tax Year 2022

Lot Size 3,484 Sqft

Lot Dimensions 50 X 77.6

Property Description

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!

Location

State IL

County Cook

Zoning MULTI

Interior

Cooling Window Unit(s)

Fireplace Y

Exterior

View Y/N true

Roof Type Reflective Coating,Rubber

Building

Foundation Concrete Perimeter

Structure Type Brick

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Listed by Michael Shenfeld • Jameson Sotheby's Intl Realty
Bought with Frank Lin • Everbright Enterprise Inc.

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Sharie Jackson

Realtor | License ID: 475.180534

+1(708) 231-8901

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