4846 S Saint Lawrence Avenue
Chicago, IL, 60615
$2,750,000
Beds
0 Baths
0 SqFt
0 Acres
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$2,750,000
4846 S Saint Lawrence Avenue
Chicago, IL, 60615
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Exceptional investment opportunity in Bronzeville. Fully stabilized 6 unit building with high-end condo quality finishes. 2022 New Construction, intelligently designed all brick building, boasting an impressive 7 Cap Rate with 237,000+ gr income and NOI of 192,010. This property offers an absolute turnkey experience at the confluence of Bronzeville/Kenwood with all leases running into Spring 2025. Unit breakdown of (2) 1800 sqft three bed/two bath residences, (2) Penthouse 1950 sqft three bed/two bath residences and (2) 3000 sqft four bed/two & a half bath duplex residences. Each unit boasts private outdoor space with penthouse units getting private rooftop decks and garage roof rights for duplex units. 6 car garage (1:1) and exterior storage. The units in this luxury boutique building are distinguished by the finishes & details; hardwood floors, in unit laundry, central air/gas forced heat, video intercom, custom closets, window treatments throughout, and fireplaces with built-in shelving. Kitchens are all finished with quartz countertops & backsplash, breakfast bar overhang, stainless steel appliances, and custom cabinetry. Elevated primary suites with walk-in closets and double vanity with quartz countertops, and walk-in shower with rain shower head and bench. Both guest bedrooms have closets built out with custom organizers and guest bathroom has shower/tub combo. Duplex units include butler pantry on main level and heated floors in lower level. Happy tenants with sound barrier between floors with open cell foam, 1:1 garage parking, and exterior storage. The property is home to AAA tenants, ensuring a stabilized asset for investors seeking a secure and lucrative venture in the thriving Bronzeville real estate market.

Property Details

Price:
$2,750,000
MLS #:
MRD12267375
Status:
Active
Beds:
0
Baths:
0
Address:
4846 S Saint Lawrence Avenue
Type:
Commercial
Neighborhood:
CHI – Grand Boulevard
City:
Chicago
Listed Date:
Jan 8, 2025
State:
IL
ZIP:
60615
Year Built:
2022

Schools

Interior

Cooling
Central Air
Fireplaces Total
6

Exterior

Financial

Net Operating Income
$192,010
Tax Year
2022
Taxes
$35,600
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Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

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4846 S Saint Lawrence Avenue
Chicago, IL