4817 S King Dr - Apartments FOR SALE


Chicago, IL 60615- Bronzeville
$5,850,000 USD
773-293-5090
4817 S King Dr, Chicago, IL for Sale
$5,850,000 USD
Apartments - FOR SALE
1/5
null | 8.04% Cap Rate

4817 S King Dr
Chicago, IL 60615
Bronzeville


HIGHLIGHTS

  • Nineteen (19) 2Bd/1Ba, Twenty Two (22) 1Bd/1Ba, One (1) 3Bd/2Ba, & One (1) Studio
  • 8% Cap Rate
  • Prime Bronzeville Location
  • Brand New Boiler w/ R&D Control System (2024)
  • On-Site Laundry Facility

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase the sale of 4817 S. King, a pristine forty-three (43) unit property 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 one (1) block away from Chicago’s Green Line, “El”, train station at 47th. 4817 S. King has a desirable unit mix consisting of one (1) studio, twenty-two (22) 1Bd/1Ba units, nineteen (19) 2Bd/1Ba units, and one (1) 3Bd/2Ba unit. All of which have spacious layouts and have tastefully updated kitchens and baths. Recent capital improvements include, but are not limited to: modern Weil McLain boiler with R&D control system (2024), brand new hot water tanks (2025), new windows, and an on-site laundry facility. 4817 S. King presents an investor an incredible opportunity to acquire a stabilized, cash-flowing asset in Chicago’s Historic Bronzeville neighborhood. With the current operation from day one, an investor will realize a 8% cap rate and a 9.40% cash return. By increasing rent already achieved in the area, an investor can achieve a cap rate of 9.27% and a 14.32% cash return.

FOR SALE DETAILS

PRICE

$5,850,000 USD

PRICE/SF

$1,026 USD /SF

# OF UNITS

43

PRICE/UNIT

$136,047

CAP RATE

8.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1912

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

15,002 SF

ZONING

RM-5

APN/PARCEL ID

20-10-207-005-0000

ASK ABOUT THIS PROPERTY

Noah BirkKiser GroupMore Info
773-293-5090

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Noah BirkKiser GroupMore Info
773-293-5090

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