4846 S Saint Lawrence Avenue, Chicago, IL 60615

  • $2,750,000
  • $2,750,000
4846 S Saint Lawrence Avenue, Chicago, IL 60615
For Sale
4846 S Saint Lawrence Avenue, Chicago, IL 60615
  • $2,750,000
  • $2,750,000

Overview

Property ID: 24420454
  • Commercial Sale
  • Property Type
  • 2022
  • Year Built

Description

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+ gross 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.

  • Address 4846 S Saint Lawrence Avenue
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60615
  • Country United States

Details

Updated on August 29, 2024 at 3:54 pm
  • Property ID: 24420454
  • Price: $2,750,000
  • Year Built: 2022
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • MLS#: MRD12132830
  • Office Name: NORTH CLYBOURN GROUP, INC.
  • Agent Name: Karen Biazar
  • MLS Status: Active

Additional details

  • List Office MLSID: MRD12604
  • List Agent MLSID: MRD125093
  • List Date: 2024-08-07T22:18:20.000Z
  • Cooling: Central Air
  • Tax Annual: 35600
  • Tax Year: 2022
  • County: Cook

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