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4930-4932 S Indiana Ave 8 Unit Apartment Building $1,875,000 ($234,375/Unit) 7.74% Cap Rate Chicago, IL 60615
Investment Highlights
- Average Unit Size (SF): 1,450
- In-Unit Laundry
- Unit Mix: (6) 3BR/2BA, (2) 4BR/3BA
- Central Heat and Air
- 8 Gated Parking Spaces
Executive Summary
CRER is pleased to present 4930 S Indiana, an 8-unit multifamily offering in Chicago’s historic Bronzeville neighborhood. The building was built as a condominium in 2005 and includes a unit mix of (6) three-bedroom, two bath units and (2) four-bedroom, three bath units. Each unit features spacious layouts with condo quality finishes, central heat and air, hardwood floors, and the convenience of in-unit laundry. Other on-site amenities include eight gated parking spaces and 24-hour surveillance.
Property Facts
| Price | $1,875,000 | Building Class | C |
| Price Per Unit | $234,375 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 7,500 SF |
| Cap Rate | 7.74% | Average Occupancy | 100% |
| Gross Rent Multiplier | 8.66 | No. Stories | 4 |
| No. Units | 8 | Year Built | 2005 |
| Property Type | Multifamily | Parking Ratio | 1.07/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RM-5 | ||
| Price | $1,875,000 |
| Price Per Unit | $234,375 |
| Sale Type | Investment |
| Cap Rate | 7.74% |
| Gross Rent Multiplier | 8.66 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,500 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2005 |
| Parking Ratio | 1.07/1,000 SF |
| Zoning | RM-5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+3 | 2 | - | - |
| 3+2 | 6 | - | - |
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Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-10-114-035-0000 | Improvements Assessment | $72,789 |
| Land Assessment | $28,312 | Total Assessment | $101,101 |
Property Taxes
Parcel Number
20-10-114-035-0000
Land Assessment
$28,312
Improvements Assessment
$72,789
Total Assessment
$101,101
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4930-4932 S Indiana Ave