$2,875,000
4846 S Saint Lawrence Avenue
Chicago, IL, 60615
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 6.7% Cap Rate with $238,000+ gross income and NOI of $193,000. This property offers an absolute turnkey experience at the confluence of Bronzeville/Kenwood with all leases running into Spring 2024. 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:
$2,875,000
MLS #:
MRD11990904
Status:
Active
Beds:
0
Baths:
0
Address:
4846 S Saint Lawrence Avenue
Type:
Commercial
City:
Chicago
Listed Date:
Feb 27, 2024
State:
IL
ZIP:
60615
Year Built:
2022
Schools
Interior
Cooling
Central Air
Fireplaces Total
6
Exterior
Financial
Buyer Agent Compensation
2.5% – $495 (ON NET SALE)Net Sale Price
Tax Year
2021
Taxes
$35,600
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
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