773-293-5090
4859 S Champlain Ave, Chicago, IL for Sale
Apartments - FOR SALE
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4859 S Champlain Ave
Chicago, IL 60615
Bronzeville


HIGHLIGHTS

  • Sixteen (16) 2Bd/1Ba & Two (2) 3Bd/1Ba Units
  • Spacious layouts with separate living & dining rooms, & private balconies
  • Newer Porches
  • Prime Bronzeville Location
  • Located in an Opportunity Zone

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 4859 S. Champlain Ave, a historic eighteen (18) unit apartment building in Chicago's Bronzeville neighborhood. Renters are attracted to its proximity to the abundance of shopping and retail that Hyde Park and Kenwood have to offer. It is also located in a designated opportunity zone providing tax incentives for qualified investors. 4859 S. Champlain has an incredibly desirable unit mix comprised of sixteen (16) 2Bd/1Ba and two (2) 3Bd/1Ba units. Units feature spacious layouts with separate living & dining rooms, updated kitchens & baths, private balconies, and hardwood floors throughout Additionally, recent improvements to the building consist of, but are not limited to, updated & code-compliant porches, significant tuckpointing & masonry work, and an onsite laundry facility. 4859 S. Champlain presents an investor with a unique opportunity to acquire a building in a booming area in one of Chicago's most desirable pockets on the South Side. From day one, a new owner will inherit an incredibly strong tenant base and achieve over an 8% cap rate. Furthermore, by raising rents to levels already being achieved in the building, an investor has the ability to the further improve the building's income and achieve a cap rate of 8.69%.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

18

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4859 South Champlain Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1898

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,480 SF

ZONING

RM-5

APN/PARCEL ID

20-10-212-017-0000

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 Notice.