The Victorian 5326 S Cornell Ave
64 Unit Apartment Building $7,550,000 ($117,969/Unit) Chicago, IL 60615
Investment Highlights
- Next door to University of Chicago & UChicago Medicine Campus
- Ideal unit mix of studio & one-bedrooms
- On site laundry facilities
- Upside via value-add program
Executive Summary
The asset is strategically located within the Hyde Park neighborhood, where residents enjoy access to national retailers, shopping, eclectic coffee shops, restaurants, grocery stores, parks, museums, and education. Immediate proximity to the University of Chicago and the UChicago Medicine Campus makes these communities an ideal home for students, professionals, staff and all others commuting to downtown Chicago. Residents can enjoy being steps to Washington Park, Lake Michigan, and numerous landmarks amongst the Museum Campus. Public transportation options are also abundant, offering access to CTA bus routes and Metra train lines, and residents can use miles of walking and biking trails.
Property Facts
Price | $7,550,000 |
Price Per Unit | $117,969 |
Sale Type | Investment |
No. Units | 64 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Mid Rise |
Building Class | B |
Lot Size | 0.23 AC |
Building Size | 33,350 SF |
Average Occupancy | 92% |
No. Stories | 5 |
Year Built | 1920 |
Parking Ratio | 1.92/1,000 SF |
Cross Streets | 54th St. |
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Oven
- Range
- Walk-In Closets
Site Amenities
- 24 Hour Access
- Business Center
- Controlled Access
- Property Manager on Site
- Tenant Controlled HVAC
- Elevator
- Maintenance on site
- Smoke Detector
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
Studios | 35 | - | 500 |
1+1 | 29 | - | 500 |
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
Parcel Number | 20-12-110-005-0000 | Improvements Assessment | $487,150 |
Land Assessment | $62,050 | Total Assessment | $549,200 |