4929 S Prairie Ave - Apartments FOR SALE


Chicago, IL 60615- Bronzeville
$1,950,000 USD
773-293-5090
4929 S Prairie Ave, Chicago, IL for Sale
$1,950,000 USD
Apartments - FOR SALE
1/4
null | 7.67% Cap Rate

4929 S Prairie Ave
Chicago, IL 60615
Bronzeville


HIGHLIGHTS

  • Six (6) 3Bd/1.5Ba, Two (2) 2Bd/1Ba, & Two (2) Unit Coach House
  • Condo Quality Finishes
  • Individual Furnaces & Hot Water Tanks
  • In-Unit Laundry
  • Prime Bronzeville Location

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase 4927 S. Prairie Ave, a pristine ten (10) unit walk-up tucked away in the Bronzeville neighborhood on Chicago’s South Side. The subject property is centrally located within one of Chicago’s most rapidly expanding neighborhoods and is approximately two (2) blocks from the CTA Green Line “L” station at 47th Street, offering convenient access to downtown and the surrounding areas. 4927 S. Prairie has a desirable unit mix consisting of one (1) studio, one (1) 1Bd/1Ba, two (2) 2Bd/1Ba, and six (6) 3Bd/1.5Ba units. All of which have spacious layouts and have tastefully updated kitchens and baths. Recent capital improvements include, but are not limited to: individual furnaces & water tanks, in unit laundry, copper plumbing, and newer porches. 4927 S. Prairie presents an investor with the incredible opportunity to acquire a stabilized asset in Chicago's historic Bronzeville neighborhood. With the current operation from day one, an investor will realize a 7.67% cap rate and a 7.92% cash return. By increasing rent already achieved in the area, an investor can achieve a cap rate of 9.68% and a 15.97% cash return.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$177 USD /SF

# OF UNITS

10

PRICE/UNIT

$195,000

CAP RATE

7.67%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1898

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

RM-5

APN/PARCEL ID

20-10-116-007-0000

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.