4734 N Beacon St - Multi-Family FOR SALE


Chicago, IL 60640- Uptown Chicago
$10,325,000 USD
773-293-5045
4734 N Beacon St, Chicago, IL for Sale
$10,325,000 USD
Multi-Family - FOR SALE
1/7
null | 3.19% Cap Rate

4734 N Beacon St
Chicago, IL 60640
Uptown Chicago


HIGHLIGHTS

  • 37-Unit Value-Add Courtyard Building
  • First Time on the Market in 5 Decades
  • Original One and Two-Bedroom Apartments - Easily Convertible
  • Potential to Monetize Existing Basement Space Through ADU Ordinance
  • Rental Upside Post Renovation (Current Avg. $1,172)
  • Upgraded Majority of Building Systems in Recent Years

OVERVIEW

Kiser Group has been exclusively engaged to market for sale 4726-34 N. Beacon, an exceptional multifamily investment opportunity located in Chicago’s Sheridan Park neighborhood. Offered for the first time in nearly five decades, this generational asset has been meticulously maintained by long-term ownership, presenting a rare chance to acquire a premier courtyard building. Situated on elevated, tree-lined Beacon Street, the property features a timeless brick façade and classic architectural detail. The building comprises thirty-seven (37) apartments, including thirty-one (31) one-bedroom / one-bath units and six (6) two-bedroom / one-bath layouts, each with spacious floor plans ranging from ~700 to ~1,150 square feet. Ownership has completed significant capital improvements in recent years, including a full tear-off roof, updated electrical service and wiring (with in-unit panels), rebuilt back porches, restored lintels and parapet walls, and complete horizontal plumbing replacement. However, there is still room to improve upon apartment interiors by reconfiguring floor plans and modernizing apartments (1BRs to 2BRs, 2BRs to 3BR/2BA), and utilizing the expansive basement for another 7+ ADU units. This is truly a once-in-a-lifetime opportunity to acquire a beautiful courtyard building with significant upside in a vibrant Chicago community.

FOR SALE DETAILS

PRICE

$10,325,000 USD

PRICE/SF

$349 USD /SF

# OF UNITS

37

PRICE/UNIT

$279,054

CAP RATE

3.19%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Beacon Court Apartments

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

14-17-102-022-0000

ASK ABOUT THIS PROPERTY

Jacob PriceKiser GroupMore Info
773-293-5045

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Jacob PriceKiser GroupMore Info
773-293-5045

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