4034 S Prairie Ave - Apartments FOR SALE


Chicago, IL 60653- Bronzeville
$1,475,000 USD
773-293-5032
4034 S Prairie Ave, Chicago, IL for Sale
$1,475,000 USD
Apartments - FOR SALE
1/5
null | 7.03% Cap Rate

4034 S Prairie Ave
Chicago, IL 60653
Bronzeville


HIGHLIGHTS

  • Highly Desirable Bronzeville Location
  • Eight (8) Spacious 3Bd/1Ba Units
  • Newly Rehabbed w/ High End Finishes
  • Modern Kitchens w/ Quartz Countertops & Stainless Steel Appliances
  • Individual HVAC & Hot Water Tanks

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase the sale of 4034 S. Prairie Ave, a pristine six (8) unit walk-up tucked away in the Bronzeville neighborhood of Chicago’s South Side. The subject site sits directly in the core of one of Chicago’s most rapidly expanding neighborhoods and is roughly a 15-minute drive to Chicago's downtown. 4034 S. Prairie has a desirable unit mix consisting of eight (8) 3Bd/1Ba units. All of the units have spacious layouts and have been extensively renovated with high-end finishes. Recent capital improvements include, but are not limited to: individual furnaces, in-unit hot water tanks, copper plumbing, new electric system, and renovated kitchen and baths w/ granite countertops & stainless steel appliances. 4034 S. Prairie presents an investor with a unique opportunity to acquire a strong, positive cash-flowing building with an in-place cap rate of 7.03%. Given the quality of the units coupled with the prime location, an investor could increase the cap rate to over 7.7%.

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$246 USD /SF

# OF UNITS

8

PRICE/UNIT

$184,375

CAP RATE

7.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1896

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,002 SF

ZONING

RM-5

APN/PARCEL ID

20-03-109-033-0000

ASK ABOUT THIS PROPERTY

Aaron SklarKiser GroupMore Info
773-293-5032

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Aaron SklarKiser GroupMore Info
773-293-5032

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.