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4956 S Vincennes Ave 8 Unit Apartment Building $1,700,000 ($212,500/Unit) 7.15% Cap Rate Chicago, IL 60615
Investment Highlights
- (6) 3 BD/2 (1) 3 BD/3 BA & (1) 4 BD/2 BA units
- Private Garage (1:1 Parking)
- In Unit Water Tank & HVAC
- Luxury units featuring top of the market finishes (Granite Countertops/Stainless Steel Appliances/Marble Bathrooms/Fireplaces
- Storage Units For Tenants
- In Unit Washer/Dryer
Executive Summary
Interra Realty has been exclusively engaged to present for sale 4956 S. Vincennes Ave. The subject property is an 8 unit, newer construction, condo quality asset in the Bronzeville neighborhood. The unit mix is comprised of (6) 3 BD/2BA, (1) 3 BD/3 BA & (1) 4 BD/2 BA unit (2 of the 8 are duplex style).
The units feature market leading finishes including granite countertops throughout, stainless steel appliances, and marble bathrooms. There is a private parking garage with a 1:1 parking ratio. The units have individual water tanks, HVAC and include a washer/dryer. A qualified investor has the ability to acquire a newer construction, turn key, stabilized property in of Chicago's fastest appreciating submarkets.
The units feature market leading finishes including granite countertops throughout, stainless steel appliances, and marble bathrooms. There is a private parking garage with a 1:1 parking ratio. The units have individual water tanks, HVAC and include a washer/dryer. A qualified investor has the ability to acquire a newer construction, turn key, stabilized property in of Chicago's fastest appreciating submarkets.
Property Facts Under Contract
| Price | $1,700,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $212,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 7.15% | Building Size | 17,636 SF |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2007 |
| Property Subtype | Apartment | ||
| Zoning | RM-5 | ||
| Price | $1,700,000 |
| Price Per Unit | $212,500 |
| Sale Type | Investment |
| Cap Rate | 7.15% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 17,636 SF |
| No. Stories | 4 |
| Year Built | 2007 |
| Zoning | RM-5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 6 | - | - |
| 3+3 | 1 | - | - |
| 4+2 | 1 | - | - |
1 1
Walk Score®
Very Walkable (79)
Transit Score®
Excellent Transit (71)
Bike Score®
Very Bikeable (83)
Property Taxes
| Parcel Number | 20-10-216-042-0000 | Improvements Assessment | $74,496 |
| Land Assessment | $22,705 | Total Assessment | $97,201 |
Property Taxes
Parcel Number
20-10-216-042-0000
Land Assessment
$22,705
Improvements Assessment
$74,496
Total Assessment
$97,201
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4956 S Vincennes Ave
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