4929 S Vincennes Ave 6 Unit Apartment Building Offered at $1,000,000 at a 7.50% Cap Rate Chicago, IL 60615

Kiser Group is pleased to exclusively offer for purchase 4929 S. Vincennes, a well-maintained six (6) unit walk-up located in Chicago’s historic Bronzeville neighborhood on the South Side. The subject property is centrally positioned within one of the city’s most rapidly expanding submarkets and is just a short walk from the CTA Green Line “L” station at 47th Street, offering direct access to downtown Chicago and surrounding neighborhoods.
4929 S. Vincennes features a diverse and highly desirable unit mix consisting of two (2) 1Bd/1Ba, three (3) 2Bd/1Ba units, and one (1) 3Bd/2Ba unit. All units offer functional, spacious layouts and have been well maintained. Improvements include, but are not limited to, updated bathrooms, granite countertops, and more.
The property presents investors with the opportunity to acquire a stabilized, cash-flowing asset in the heart of Bronzeville. 4929 S. Vincennes offers immediate returns from day one with an in place cap rate of 7.5% and a cash return of 7.26%. 4929 S. Vincennes offers long-term upside potential through continued rent growth in one of Chicago’s most sought-after South Side neighborhoods.