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4601 S Indiana Ave 18 Unit Apartment Building $3,000,000 ($166,667/Unit) Chicago, IL 60653
Investment Highlights
- Ideal unit mix comprised entirely of 2BD and 3BD apartments
- Updated units with newer cabinetry, granite countertops, and stainless steel appliances
- Highly desirable Bronzeville location with convenient CTA access
- Strong in place rent roll with upside remaining
Executive Summary
Interra Realty is pleased to present exclusively for sale 4601 S. Indiana Ave in Chicago's Bronzeville neighborhood. The subject property consists of 18 units
with an ideal unit mix of four (4) 2BD/1BA, six (6) 2BD/2BA, seven (7) 3BD/2BA, and one (1) 3BD/2.5BA apartments.
The architecturally distinct corner property has been thoughtfully updated. Improvements included renovated kitchens with new cabinetry, granite
countertops, and stainless steel appliances including dishwashers. Bathrooms have been updated with new vanities and granite countertops. Each unit is
equipped with individual hot water storage tanks, furnaces, central air conditioning and in-unit laundry.
The subject property is located less than two blocks from the 47th St Green Line CTA station and o?ers convenient access to the expressway. Qualified
investors are positions to acquire an immediately cash flowing asset in a rapidly appreciating neighborhood. Further upside remains in the rent roll
presenting the opportunity to achieve a 9.2% cap rate through capturing market rents.
with an ideal unit mix of four (4) 2BD/1BA, six (6) 2BD/2BA, seven (7) 3BD/2BA, and one (1) 3BD/2.5BA apartments.
The architecturally distinct corner property has been thoughtfully updated. Improvements included renovated kitchens with new cabinetry, granite
countertops, and stainless steel appliances including dishwashers. Bathrooms have been updated with new vanities and granite countertops. Each unit is
equipped with individual hot water storage tanks, furnaces, central air conditioning and in-unit laundry.
The subject property is located less than two blocks from the 47th St Green Line CTA station and o?ers convenient access to the expressway. Qualified
investors are positions to acquire an immediately cash flowing asset in a rapidly appreciating neighborhood. Further upside remains in the rent roll
presenting the opportunity to achieve a 9.2% cap rate through capturing market rents.
Property Facts
| Price | $3,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $166,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| No. Units | 18 | Building Size | 20,691 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1901 |
| Zoning | R-5 - Residential Multi-Unit District | ||
| Price | $3,000,000 |
| Price Per Unit | $166,667 |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 20,691 SF |
| No. Stories | 3 |
| Year Built | 1901 |
| Zoning | R-5 - Residential Multi-Unit District |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 2+2 | 6 | - | - |
| 3+2 | 3 | - | - |
| 3+2.5 | 6 | - | - |
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Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-03-321-001-0000 | Improvements Assessment | $163,825 |
| Land Assessment | $28,175 | Total Assessment | $192,000 |
Property Taxes
Parcel Number
20-03-321-001-0000
Land Assessment
$28,175
Improvements Assessment
$163,825
Total Assessment
$192,000
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