4924 S Martin Luther King Dr - Apartments FOR SALE


Chicago, IL 60615- Bronzeville
$1,400,000 USD
312-477-0197
4924 S Martin Luther King Dr, Chicago, IL for Sale
$1,400,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

4924 S Martin Luther King Dr
Chicago, IL 60615
Bronzeville


HIGHLIGHTS

  • 6 Units including 2 duplex down units
  • Desirable Bronzeville Location on Scenic Boulevard
  • True Condo Quality Renovations, Expansive Floor Plans
  • New Plumbing, Electric, HVAC, Roof, Windows, and Porches
  • Close Proximity to 75,000 SqFt Mariano's, University of Chicago, and 120,000 SqFt Northwestern Outpatient Center

OVERVIEW

Interra Realty is pleased to exclusively present 4924-26 S. Martin Luther King Dr for sale. The subject property is a recently gut renovated apartment building located in the historic Bronzeville neighborhood on Chicago's South Side. The building features a highly desirable unit mix of four (4) extremely spacious, 3BD/2BA units in addition to two (2) oversized duplex down 5BD/3BA apartments, all of which are condominium quality. The building features all copper plumbing, upgraded electrical service, new windows, new wooden porches, a new tear off roof, and recent tuckpointing. All units have experienced substantial upgrades including new granite countertops, stainless steel kitchen appliances, new hardwood flooring, recessed lighting, contemporary kitchen cabinets, standup showers, dual bathroom vanities, and ample closet space. Additionally, units have been retrofitted with individual in unit forced air furnaces, air-conditioning, individual hot water heaters, and stackable washer and dryer units. A new investor has an opportunity to acquire a market leading multifamily asset in one of Chicago's fastest appreciating submarket.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$120 USD /SF

# OF UNITS

6

PRICE/UNIT

$233,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

RM-5

APN/PARCEL ID

20-10-117-029-0000,20-10-117-030-0000

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.