5437 South Harper Avenue

Chicago, IL 60615

$1,595,000
Price
12
Beds
12
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Introducing 5437-5439 S. Harper, a rarely available center entrance six (6) unit apartment building located in a prime Hyde Park location. This irreplaceable address is next door to Trader Joe's, walking distance to 53rd shopping, the University of Chicago shuttle at Lake Park & 54th Street, Metra and 90/94 Expressway for easy commuting. Renovated in 2022-2023, the property features all 2-bed/2-bath apartments showcasing meticulously designed floor plans. Updates include new kitchens, stainless-steel...Introducing 5437-5439 S. Harper, a rarely available center entrance six (6) unit apartment building located in a prime Hyde Park location. This irreplaceable address is next door to Trader Joe's, walking distance to 53rd shopping, the University of Chicago shuttle at Lake Park & 54th Street, Metra and 90/94 Expressway for easy commuting. Renovated in 2022-2023, the property features all 2-bed/2-bath apartments showcasing meticulously designed floor plans. Updates include new kitchens, stainless-steel appliances, dishwashers, in-unit laundry, refinished hardwood flooring, and modern bathroom finishes. In addition to its cosmetic finishes, the building also has new individual HVAC, new plumbing and electric service, rebuilt porches and a well-maintained roof. 5437-39 S. Harper is an incredible investment opportunity to acquire a renovated turn-key property in one of Chicago's most desirable neighborhoods. With exceptional cash-flow and minimal expenses this cash flowing asset generates strong income from day one. In an A+ Hyde Park location, nestled by the University of Chicago's campus, new ownership has the rare opportunity to acquire a stabilized investment providing a solid cash-on-cash return for many years to come.
  1. Listed by Harrison Cohen • Triton Realty Group LLC
  2. Listed by Matthew Fritzshall • Triton Realty Group LLC

Property Details for 5437 South Harper Avenue

Area
CHI - Hyde Park
Township
Hyde Park
Num of Interior Fireplaces
0
Zoning
MULTI
LISTING UPDATED: 08/29/2024 12:07 AM

Property Details for 5437 South Harper Avenue

StatusActive
MLS #12145817
Days on Market50
Taxes$11,255 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1897
Lot Size0.08 AC / 3,581 SF
CountyCook County

Building Information for 5437 South Harper Avenue

Stories3Residences6Year Built1897Building Size-Lot Size0.08 AC / 3,581 SF

Property Information for 5437 South Harper Avenue

General Information
Location and General Information
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Separate Meters
  • # Of Washers: 6
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air
  • # Of Window/Ac: 0
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • # Of Dryers: 6
  • # Of Disposals: 6
  • # Of Dishwashers: 6
  • Num of Baths: 12.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Multi-Family Type: Flats
  • Lot Dimensions: 3581
  • Lot Size Square Feet: 3581.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Building Area Total: 5490
  • Lot Size Source: County Records
  • # Of Ranges: 6
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 12
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $350.00
  • Fuel Expense: $7,717.00
  • Gross Income: $167,400.00
  • Gross Scheduled Income: $167,400.00
  • Insurance Expense: $3,410.00
  • Maintenance Expense: $1,200.00
  • Manager Expense: $6,848.00
  • Electric Expense Source: Actual
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Combination
  • Insurance Expense Source: Actual
  • Janitor Expense: 3000
  • Manager Expense Source: AC
  • Repairs-Decor Expense Source: Broker Projection
  • Trash Expense Source: Actual
  • Total Monthly Income: 13950
  • Water Expense Source: Actual
  • Net Operating Income: $110,312.00
  • Operating Expense: $51,932.00
  • Other Expense: $.00
  • Trash Expense: $1,768.00
  • Water Sewer Expense: $5,213.00
Unit 1
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 6
Unit 2
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 5437 South Harper Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 5437 South Harper Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 7 to 12
Charter - K to 12
Public - 9 to 12
Rating
School
Distance
Murray Elementary Language Academy
PublicK to 8

Kenwood Academy High School
Public7 to 12

Univ of Chicago Charter Schools
CharterK to 12

LITTLE BLACK PEARL ARTS ACAD HS
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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5437 South Harper Avenue is a multi-family home for sale in Chicago, IL 60615. This property was listed for sale on August 23, 2024 by Triton Realty Group LLC, it's currently listed at $1,595,000. This listing's school district is City Of Chicago School District 299. Nearby schools include Murray Elementary Language Academy, Kenwood Academy High School and Univ of Chicago Charter Schools. 5437 South Harper Avenue is a 12-bed, 12-bath, multi-family home built in 1897.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Triton Realty Group LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 08/29/2024 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.