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4014 - 4016 Dr Martin L King Jr Drive - Bronzeville Apartments, Chicago, IL

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4014 - 4016 Dr Martin L King Jr Drive - Bronzeville Apartments

1/4 block S of SWC
Chicago, IL 60653 - Bronzeville MF Submarket

Property Type:Multi-Family Number of Units:8 Status:Existing Year Built:1891
Stories:3 Building Size:14,640 SF Land Area:.17 AC (7,501 SF)
For Sale Price:$1,800,000 Price/Unit:$225,000.00 Cap Rate:6.40 % GRM:-


Sale Notes:
4014-16 S. Martin Luther King Drive is an eight-unit (8), center entrance building located in Chicago's Bronzeville neighborhood. The property consists of six 3-bedroom, 2.5-bath, and two 2-bedroom, 2-bath units. The property underwent a massive reconstruction in 2008, retaining only the masonry exterior. All electrical, plumbing, HVAC, porch and IT systems were replaced. From the tear-off roof down to a newly poured basement floor and beautifully landscaped grounds, no detail was overlooked.
This property is being offered for sale at a price well below its replacement cost creating a unique opportunity for prospective buyers. In addition to the high-quality
renovations, the property boasts a high quality tenant base with all tenants gainfully employed with professional institutions including medical offices, IT companies and the Chicago Police Department.

Monarch Realty Partners
Michael Anguiano
(773) 251-5534

Bill Baumann
(312) 560-7447

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