4929 S Vincennes Ave - Apartments FOR SALE


Chicago, IL 60615- Bronzeville
$1,000,000 USD
773-293-5090
4929 S Vincennes Ave, Chicago, IL for Sale
$1,000,000 USD
Apartments - FOR SALE
1/5
null | 7.5% Cap Rate

4929 S Vincennes Ave
Chicago, IL 60615
Bronzeville


HIGHLIGHTS

  • Three (3) 2Bd/1Ba, Two (2) 1Bd/1Ba, & One (1) 3Bd/2Ba
  • Spacious, Open Floorplans
  • Kitchens equipped w/ Granite Countertops & Stainless Steel Appliances
  • Prime Bronzeville Location

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase 4929 S. Vincennes, a well-maintained six (6) unit walk-up located in Chicago’s historic Bronzeville neighborhood on the South Side. The subject property is centrally positioned within one of the city’s most rapidly expanding submarkets and is just a short walk from the CTA Green Line “L” station at 47th Street, offering direct access to downtown Chicago and surrounding neighborhoods. 4929 S. Vincennes features a diverse and highly desirable unit mix consisting of two (2) 1Bd/1Ba, three (3) 2Bd/1Ba units, and one (1) 3Bd/2Ba unit. All units offer functional, spacious layouts and have been well maintained. Improvements include, but are not limited to, updated bathrooms, granite countertops, and more. The property presents investors with the opportunity to acquire a stabilized, cash-flowing asset in the heart of Bronzeville. 4929 S. Vincennes offers immediate returns from day one with an in place cap rate of 7.5% and a cash return of 7.26%. 4929 S. Vincennes offers long-term upside potential through continued rent growth in one of Chicago’s most sought-after South Side neighborhoods.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$182 USD /SF

# OF UNITS

6

PRICE/UNIT

$166,667

CAP RATE

7.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

RM-5

APN/PARCEL ID

20-10-217-012-0000

ASK ABOUT THIS PROPERTY

Noah BirkKiser GroupMore Info
773-293-5090

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

Noah BirkKiser GroupMore Info
773-293-5090

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