4706-4714 S King Dr - Apartments FOR SALE


Chicago, IL 60615- Bronzeville
$4,650,000 USD
312-477-0197
4706-4714 S King Dr, Chicago, IL for Sale
$4,650,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

4706-4714 S King Dr
Chicago, IL 60615
Bronzeville


HIGHLIGHTS

  • Ideal unit mix comprised entirely of 2BD and 3BD apartments
  • Highly desirable Bronzeville location with convenient CTA access
  • Updated units with newer cabinetry, granite countertops, and stainless steel appliances
  • Strong in place rent roll with upside remaining

OVERVIEW

Interra Realty is pleased to present exclusively for sale 4601 S. Indiana Ave in Chicago's Bronzeville neighborhood. The subject property consists of 18 units with an ideal unit mix of four (4) 2BD/1BA, six (6) 2BD/2BA, seven (7) 3BD/2BA, and one (1) 3BD/2.5BA apartments. The architecturally distinct corner property has been thoughtfully updated. Improvements included renovated kitchens with new cabinetry, granite countertops, and stainless steel appliances including dishwashers. Bathrooms have been updated with new vanities and granite countertops. Each unit is equipped with individual hot water storage tanks, furnaces, central air conditioning and in-unit laundry. The subject property is located less than two blocks from the 47th St Green Line CTA station and o?ers convenient access to the expressway. Qualified investors are positions to acquire an immediately cash flowing asset in a rapidly appreciating neighborhood. Further upside remains in the rent roll presenting the opportunity to achieve a 9.2% cap rate through capturing market rents.

FOR SALE DETAILS

PRICE

$4,650,000 USD

PRICE/SF

$230 USD /SF

# OF UNITS

20

PRICE/UNIT

$232,500

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1894

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,042 SF

ZONING

B2-3

APN/PARCEL ID

20-10-105-006-0000,20-10-105-007-0000

ASK ABOUT THIS PROPERTY

Lucas FrymanInterra RealtyMore Info
312-477-0197

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Lucas FrymanInterra RealtyMore Info
312-477-0197

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