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AIA /// 43 UNITS /// BRONZEVILLE 4817 S King Dr 43 Unit Apartment Building $5,300,000 ($123,256/Unit) 10.62% Cap Rate Chicago, IL 60615
Investment Highlights
- LOCATED ALONG HISTORIC KING DRIVE BOULEVARD
- BUILDING-OWNED LAUNDRY FACILITY
- RECENT CAPITAL IMPROVEMENTS
- STUDIO, 1BD, 2BD & 3BD FLOORPLANS
- MAJORITY SUBSIDIZED TENANCY
- 3 BLOCKS TO CTA GREEN LINE TRAIN (47TH)
Executive Summary
Apartment Investment Advisers, LLC ("AIA") has been granted the exclusive right to market and sell the subject property.
AIA is a Chicago-based commercial real estate brokerage firm focused exclusively on the marketing and sale of multifamily properties throughout the Chicago metropolitan area. The firm has represented it's clients in the sale of more than 500 apartment buildings totaling in excess of 10,000 apartment units and over $1,000,000,000 in sales volume.
For more information, please contact AIA:
info@aia-chicago.com | aia-chicago.com | 773.799.9299
AIA is a Chicago-based commercial real estate brokerage firm focused exclusively on the marketing and sale of multifamily properties throughout the Chicago metropolitan area. The firm has represented it's clients in the sale of more than 500 apartment buildings totaling in excess of 10,000 apartment units and over $1,000,000,000 in sales volume.
For more information, please contact AIA:
info@aia-chicago.com | aia-chicago.com | 773.799.9299
Property Facts
| Price | $5,300,000 | Property Type | Multifamily |
| Price Per Unit | $123,256 | Property Subtype | Apartment |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 10.62% | Building Size | 50,000 SF |
| Gross Rent Multiplier | 5.96 | No. Stories | 3 |
| No. Units | 43 | Year Built | 1912 |
| Price | $5,300,000 |
| Price Per Unit | $123,256 |
| Sale Type | Investment |
| Cap Rate | 10.62% |
| Gross Rent Multiplier | 5.96 |
| No. Units | 43 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 50,000 SF |
| No. Stories | 3 |
| Year Built | 1912 |
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Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-10-207-005-0000 | Improvements Assessment | $225,200 |
| Land Assessment | $52,500 | Total Assessment | $277,700 |
Property Taxes
Parcel Number
20-10-207-005-0000
Land Assessment
$52,500
Improvements Assessment
$225,200
Total Assessment
$277,700
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