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4706-4714 S King Dr 20 Unit Apartment Building $4,650,000 ($232,500/Unit) Chicago, IL 60615
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 | $4,650,000 | Building Class | C |
| Price Per Unit | $232,500 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 20,212 SF |
| No. Units | 20 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1894/2019 |
| Apartment Style | Low-Rise | ||
| Zoning | B2-3 | ||
| Price | $4,650,000 |
| Price Per Unit | $232,500 |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 20,212 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built/Renovated | 1894/2019 |
| Zoning | B2-3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer
- Heating
- Kitchen
- Range
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $136,638 | |
| Land Assessment | $15,063 | Total Assessment | $151,701 |
Property Taxes
Parcel Numbers
Land Assessment
$15,063
Improvements Assessment
$136,638
Total Assessment
$151,701
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