4716-4718 S King Dr - Apartments FOR SALE


Chicago, IL 60615- Bronzeville
$1,800,000 USD
646-234-0706
4716-4718 S King Dr, Chicago, IL for Sale
$1,800,000 USD
Apartments - FOR SALE
1/2
null | 8.38% Cap Rate

4716-4718 S King Dr
Chicago, IL 60615
Bronzeville


HIGHLIGHTS

  • Close to shopping centers in Bronzeville and Prairie Shores.
  • In proximity to the proposed new Bears stadium.

OVERVIEW

4716 S King is a 13-unit market and affordable rent apartment building located in desirable Bronzeville, ten minutes south of Downtown Chicago. Bronzeville is a rapidly appreciating neighborhood situated along Chicago’s famed Lakefront and blocks away from Washington Park, numerous cultural landmarks, public transportation, and bordered by Hyde Park, home to the prestigious University of Chicago. The architecturally significant vintage building has a mix of one- and two-bedroom apartments with one bath. Units are well-sized for the market, and many have enjoyed cosmetic and mechanical upgrades in recent years. The property has received capital upgrades and is managed by a strong, local team focused on immersive tenant engagement and detailed financial accountability. The Vintage Portfolio 4716 S King is part of the Vintage Portfolio of properties in Bronzeville, Kenwood / Hyde Park and Woodlawn, owned and operated by Eagle Infinite, a development and portfolio investment firm with over $100 million is assets under management. Eagle Infinite has stabilized occupancy and rents, made certain capital upgrades and has determined that the $20 million portfolio is now well-positioned for a new ownership cycle.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$150 USD /SF

# OF UNITS

13

PRICE/UNIT

$138,462

CAP RATE

8.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1916

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

10

APN/PARCEL ID

20-10-105-008-0000

ASK ABOUT THIS PROPERTY

Amal McCaskillKWILL AdvisorsMore Info
646-234-0706

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Amal McCaskillKWILL AdvisorsMore Info
646-234-0706

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