4716-4718 S King Dr 13 Unit Apartment Building $1,800,000 ($138,462/Unit) 8.38% Cap Rate Chicago, IL 60615

4716 S King is a 13-unit market and affordable rent apartment building located in desirable Bronzeville, ten minutes south of Downtown Chicago. Bronzeville is a rapidly appreciating neighborhood situated along Chicago’s famed Lakefront and blocks away from Washington Park, numerous cultural landmarks, public transportation, and bordered by Hyde Park, home to the prestigious University of Chicago.
The architecturally significant vintage building has a mix of one- and two-bedroom apartments with one bath. Units are well-sized for the market, and many have enjoyed cosmetic and mechanical upgrades in recent years. The property has received capital upgrades and is managed by a strong, local team focused on immersive tenant engagement and detailed financial accountability.
The Vintage Portfolio
4716 S King is part of the Vintage Portfolio of properties in Bronzeville, Kenwood / Hyde Park and Woodlawn, owned and operated by Eagle Infinite, a development and portfolio investment firm with over $100 million is assets under management. Eagle Infinite has stabilized occupancy and rents, made certain capital upgrades and has determined that the $20 million portfolio is now well-positioned for a new ownership cycle.