Beacon Court Apartments 4734 N Beacon St 37 Unit Apartment Building $10,325,000 ($279,054/Unit) 3.19% Cap Rate Chicago, IL 60640

Kiser Group has been exclusively engaged to market for sale 4726-34 N. Beacon, an exceptional multifamily investment opportunity located in Chicago’s Sheridan Park neighborhood. Offered for the first time in nearly five decades, this generational asset has been meticulously maintained by long-term ownership, presenting a rare chance to acquire a premier courtyard building.
Situated on elevated, tree-lined Beacon Street, the property features a timeless brick façade and classic architectural detail. The building comprises thirty-seven (37) apartments, including thirty-one (31) one-bedroom / one-bath units and six (6) two-bedroom / one-bath layouts, each with spacious floor plans ranging from ~700 to ~1,150 square feet.
Ownership has completed significant capital improvements in recent years, including a full tear-off roof, updated electrical service and wiring (with in-unit panels), rebuilt back porches, restored lintels and parapet walls, and complete horizontal plumbing replacement. However, there is still room to improve upon apartment interiors by reconfiguring floor plans and modernizing apartments (1BRs to 2BRs, 2BRs to 3BR/2BA), and utilizing the expansive basement for another 7+ ADU units.
This is truly a once-in-a-lifetime opportunity to acquire a beautiful courtyard building with significant upside in a vibrant Chicago community.