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4924 S Martin Luther King Dr 6 Unit Apartment Building $1,400,000 ($233,333/Unit) Chicago, IL 60615
Investment Highlights
- 6 Units including 2 duplex down units
- True Condo Quality Renovations, Expansive Floor Plans
- Close Proximity to 75,000 SqFt Mariano's, University of Chicago, and 120,000 SqFt Northwestern Outpatient Center
- Desirable Bronzeville Location on Scenic Boulevard
- New Plumbing, Electric, HVAC, Roof, Windows, and Porches
Executive Summary
Interra Realty is pleased to exclusively present 4924-26 S. Martin Luther King Dr for sale. The subject property is a recently gut renovated apartment building located in the historic Bronzeville neighborhood on Chicago's South Side. The building features a highly desirable unit mix of four (4) extremely spacious, 3BD/2BA units in addition to two (2) oversized duplex down 5BD/3BA apartments, all of which are condominium quality.
The building features all copper plumbing, upgraded electrical service, new windows, new wooden porches, a new tear off roof, and recent tuckpointing. All units have experienced substantial upgrades including new granite countertops, stainless steel kitchen appliances, new hardwood flooring, recessed lighting, contemporary kitchen cabinets, standup showers, dual bathroom vanities, and ample closet space.
Additionally, units have been retrofitted with individual in unit forced air furnaces, air-conditioning, individual hot water heaters, and stackable washer and dryer units. A new investor has an opportunity to acquire a market leading multifamily asset in one of Chicago's fastest appreciating submarket.
The building features all copper plumbing, upgraded electrical service, new windows, new wooden porches, a new tear off roof, and recent tuckpointing. All units have experienced substantial upgrades including new granite countertops, stainless steel kitchen appliances, new hardwood flooring, recessed lighting, contemporary kitchen cabinets, standup showers, dual bathroom vanities, and ample closet space.
Additionally, units have been retrofitted with individual in unit forced air furnaces, air-conditioning, individual hot water heaters, and stackable washer and dryer units. A new investor has an opportunity to acquire a market leading multifamily asset in one of Chicago's fastest appreciating submarket.
Property Facts
| Price | $1,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $233,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.02 AC |
| No. Units | 6 | Building Size | 11,676 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1890/2021 |
| Zoning | RM-5 - Residential | ||
| Price | $1,400,000 |
| Price Per Unit | $233,333 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.02 AC |
| Building Size | 11,676 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1890/2021 |
| Zoning | RM-5 - Residential |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Heating
- Hardwood Floors
- Oven
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 4 | - | 1,500 |
| 5+3 | 2 | - | 2,200 |
1 1
Walk Score®
Very Walkable (81)
Transit Score®
Excellent Transit (73)
Bike Score®
Very Bikeable (78)
Property Taxes
| Parcel Numbers | Improvements Assessment | $904,287 | |
| Land Assessment | $115,214 | Total Assessment | $1,019,501 |
Property Taxes
Parcel Numbers
Land Assessment
$115,214
Improvements Assessment
$904,287
Total Assessment
$1,019,501
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4924 S Martin Luther King Dr
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