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4612-4626 S Lake Park Ave 48 Unit Apartment Building $10,650,000 ($221,875/Unit) Chicago, IL 60653
Investment Highlights
- Strong Location surrounded by strong retail centers
- High-Quality Renovations
- Strong Unit Mix
Executive Summary
SVN Chicago Commercial is pleased to present a 48-unit Multifamily building located in the highly desirable Kenwood Neighborhood of Chicago's South Side. The property is steps away from strong retail centers. The unit mix consists of (36) two-bedroom, one-bath apartments and (12) three-bedroom, one-bath apartments. The units have been remodeled with updated kitchens and baths, new appliances, and in-unit laundry. The building is equipped with Air Conditioning throughout, new electrical services with ample power, newer in-unit water tanks and furnaces, newer porches, newer roof, a high-quality security system and parking.
Property Facts
| Price | $10,650,000 | Apartment Style | Low-Rise |
| Price Per Unit | $221,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.04 AC |
| No. Units | 48 | Building Size | 55,000 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1913/2018 |
| Zoning | RM-5 | ||
| Price | $10,650,000 |
| Price Per Unit | $221,875 |
| Sale Type | Investment |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.04 AC |
| Building Size | 55,000 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1913/2018 |
| Zoning | RM-5 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 36 | - | 1,000 |
| 3+1 | 12 | - | 1,200 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Exceptional public transit
90/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 20-02-403-029-0000 | Improvements Assessment | $377,880 |
| Land Assessment | $157,920 | Total Assessment | $535,800 |
Property Taxes
Parcel Number
20-02-403-029-0000
Land Assessment
$157,920
Improvements Assessment
$377,880
Total Assessment
$535,800
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4612-4626 S Lake Park Ave