6103-05 S University Ave
Chicago, IL 60637
Sq. Ft.

Executive Summary

Notes: Nate Gautsche Closes Record-Setting Sale in Woodlawn

6-unit investment opportunity in rapidly developing Woodlawn less than a block from the University of Chicago campus. Massive units originally built for condos in 2010. Excellent opportunity to purchase a newer construction, cash flowing asset below replacement value in a neighborhood that is experiencing a building boom. The units have been 100% rented by a University of Chicago fraternity since it was constructed. Incredible upside as Woodlawn continues to appreciate with the construction of the Obama Presidential Library and the continued growth of the University of Chicago.

Pad parking for 6+ cars. Quartz countertops, stainless steel appliances, large bathrooms with separate tub and shower, outdoor space for each unit and bamboo flooring. Built in 2010 with condo level finishes. Continue to cash flow with potential condo exit with modernized upgrades.

Property Location

Chicago » 60637 » 6103-05 S University Ave

Property Details

Status Closed
Listing Type For Sale
Property Type Multi-family
Size 11,960 Sq. Ft.
Price $1,665,000

Broker Contact

Nate Gautsche

Nate Gautsche, CCIM

Mobile: (312) 925-2521

Office: (773) 327-9300

Email: NateG@crer.com

vCard: Download

Featured CRER Services

Receivership Services

CRER has been involved in more than 1,700 receiver appointments, with collateral ranging from small residential multi-family buildings to downtown high-rise properties.

CRER has the expertise required to handle a variety of distressed situations including the management, leasing and repositioning of under-performing real estate.

Learn More