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4624 S Evans Ave 6 Unit Apartment Building $1,100,000 ($183,333/Unit) 9.10% Cap Rate Chicago, IL 60653
INVESTMENT HIGHLIGHTS
- Professional Offering Memorandum Available Upon Request
- Fully Occupied, Cash-Flowing Asset
- In-Unit Laundry and In-Unit Furnaces, Tenants Pay Heat
- Favorable Mix of [4] 2BD/2BA Units and [2] 4BD/3BA Units
- Strong History of High Occupancy and Collections
- Within Walking Distance to 47th St CTA Green Line Stop
EXECUTIVE SUMMARY
Nara Advisors is pleased to exclusively market for sale 4624 South Evans Avenue, a 6-unit apartment building located in Chicago's Bronzeville neighborhood.
PROPERTY FACTS
| Price | $1,100,000 | Building Class | B |
| Price Per Unit | $183,333 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 7,500 SF |
| Cap Rate | 9.10% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1897 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RT-4 | ||
| Price | $1,100,000 |
| Price Per Unit | $183,333 |
| Sale Type | Investment |
| Cap Rate | 9.10% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 7,500 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1897 |
| Opportunity Zone |
Yes |
| Zoning | RT-4 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 4 | - | - |
| 4+3 | 2 | - | - |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 20-03-427-043-0000 | Improvements Assessment | $55,759 |
| Land Assessment | $21,242 | Total Assessment | $77,001 |
PROPERTY TAXES
Parcel Number
20-03-427-043-0000
Land Assessment
$21,242
Improvements Assessment
$55,759
Total Assessment
$77,001
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4624 S Evans Ave
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