NOT LISTED FOR SALE
12 Beds
12 Baths
5,490 Sq Ft
3,581 Sq Ft Lot

Sale Details

Date Sold: December 27, 2024

Last sale price $1,545,000 $281 Per Sq Ft

51 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • 5-minute walk to 53Rd Street Hyde Park Station
  • 2-minute walk to Spruce Park
  • Kenwood Academy High School Rated A-

About This Home

As of December 2024

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.

Last Agent to Sell the Property

Harrison Cohen

Triton Realty Group LLC License #475177887 Listed on: 08/23/2024

Co-Listed By

Matthew Fritzshall

Triton Realty Group LLC License #471016941

Last Buyer's Agent

Matthew Fritzshall

Triton Realty Group LLC License #471016941

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,255

Year Built

  • Built in 1897

Lot Details

  • 3,581 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,490 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $350
  • Fuel Expense $7,717
  • Insurance Expense $3,410
  • Maintenance Expense $1,200
  • Manager Expense $6,848
  • Trash Expense $1,768
  • Water Sewer Expense $5,213
  • Operating Expense $51,932
  • Gross Income $167,400
  • Net Operating Income $110,312

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,255

Year Built

Built in 1897

Lot Details

3,581 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1897
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: New Rehab
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 12
  • Total Bedrooms: 12
  • Fireplaces: 6
  • Drive-In Doors: 6
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 6
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Exterior Building Type: Brick

Utilities

  • Cooling: Central Air
  • Electric: Separate Meters
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Manager Expense: 6848
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1768
  • Water Sewer Expenses: 5213

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.08
  • Lot Dimensions: 3581
  • Lot Size Sq Ft: 3581
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 8
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 5490

Multi Family

  • Net Operating Income: 110312
  • Fuel Expense: 7717
  • Insurance Expense: 3410
  • ElectricExpense: 350
  • GrossIncome: 167400
  • Maintenance Expense: 1200
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 51932
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 11255
  • Tax Year: 2023
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/27/2024 12/27/24 Sold $1,545,000 0.0% $281 / Sq Ft
10/25/2024 10/25/24 Off Market $1,545,000 -- --
10/13/2024 10/13/24 Pending -- -- --
09/23/2024 09/23/24 Price Changed $1,545,000 -3.1% $281 / Sq Ft
08/23/2024 08/23/24 For Sale $1,595,000 0.0% $291 / Sq Ft
05/14/2016 05/14/16 Rented $1,175 0.0% --
04/04/2016 04/04/16 Under Contract -- -- --
03/28/2016 03/28/16 For Rent $1,175 -- --
Source: Midwest Real Estate Data (MRED)

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12145817

Midwest Real Estate Data (MRED)
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