$2,875,000 $15,434 est/mo Sourced by Back At You

4846 S Saint Lawrence Avenue,Chicago, IL 60615

Chicago IL, 60615

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Description

Exceptional investment opportunity in Bronzeville. Fully stabilized 6 unit building with high-end condo quality finishes. 2022 New Construction, intelligently designed all brick building, boasting an impressive 6.7% Cap Rate with $238,000+ gross income and NOI of $193,000. This property offers an absolute turnkey experience at the confluence of Bronzeville/Kenwood with all leases running into Spring 2024. Unit breakdown of (2) 1800 sqft three bed/two bath residences, (2) Penthouse 1950 sqft three bed/two bath residences and (2) 3000 sqft four bed/two & a half bath duplex residences. Each unit boasts private outdoor space with penthouse units getting private rooftop decks and garage roof rights for duplex units. 6 car garage (1:1) and exterior storage. The units in this luxury boutique building are distinguished by the finishes & details; hardwood floors, in unit laundry, central air/gas forced heat, video intercom, custom closets, window treatments throughout, and fireplaces with built-in shelving. Kitchens are all finished with quartz countertops & backsplash, breakfast bar overhang, stainless steel appliances, and custom cabinetry. Elevated primary suites with walk-in closets and double vanity with quartz countertops, and walk-in shower with rain shower head and bench. Both guest bedrooms have closets built out with custom organizers and guest bathroom has shower/tub combo. Duplex units include butler pantry on main level and heated floors in lower level. Happy tenants with sound barrier between floors with open cell foam, 1:1 garage parking, and exterior storage. The property is home to AAA tenants, ensuring a stabilized asset for investors seeking a secure and lucrative venture in the thriving Bronzeville real estate market.

Details

MLS#11990904
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year2022
Days On Site85
Listing Provided ByNorth Clybourn Group, Inc. | Karen Biazar

Features

Story(s)4
Units6
ZoningMULTI

Market Activity 60615

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Learn More About This Property

StateIL
CountyCook
CityChicago
Zip Code60615
AreaCHI Grand Boulevard
Listing VS Median (in 60615)
Price:
$2,875,000
low | high
Med:
$262,500
100% of Average
On Site:
85
low | high
Med:
27.500000
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 7:37:11 PM PDT