Sold

Closed

4943 S Forrestville Avenue

Chicago IL, 60615

$1,625,000


Sold

Closed

Multi-family

Built in 1907

Courtesy of North Clybourn Group, Inc.

One-of-A-Kind Unicorn, Gem Da la Gem Investment Opportunity set in Vibrant Bronzeville offering stately stabilized center entrance side by side 8 residential units + significant remote secured 8 parking spaces NOI $124,587 /6.5% CAP. Extensive gut renovation and notable capital improvements offer abundant choice for numerous investment objectives. Custom metal fabricated cornice, backup generator, oversized rear decks extensive masonry improvements, new water main, prolific professional landscaping, wifi enabled irrigiation system and more. Intelligent design, expansive floorplans, Unit Mix includes all 2 bedroom 2 Baths. Superior attention to detail in all aspects realized in high tenant retention rates. Refined living, endless appointments, professional grade kitchens, inspired bathrooms, individual HVAC, washer dryers in unit, custom closets, window treatments, dimmers, designer lighting, are a soft sampling of the exhausting list of unit features. Apartment reviews yielded a maintenance level rarely encountered. Palpable growth asset, meticulous attention to detail in all aspects from skilled scaled veteran ownership team. Transparent, comprehensive scope of work, capital improvements rent roll, lease schedules and full financials available on request. Exceptional location provides urban intimacy coupled with hyper-convenience and strong proximity to U of C, Lakefront, Rush Medical Center, Loop, Green Line, Expressways. 48 hours' notice M-F 10am to 4pm to show. Rare opportunity to obtain a sizeable AA turnkey footprint strategically positioned for continue long term growth.

11751986

MLS ID

April 5, 2023

Listed

November 25, 2024

Updated

Map

4943 S Forrestville Avenue
Chicago IL, 60615

Interior Features

Total Stories

3


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

0.16 Acres

Other Property Details

Area Name

CHI - Grand Boulevard


Taxes

$12,742


Tax Frequency

Annually


Days on Market

1


Garage

No


View

No


County

Cook


Municipality

Hyde Park


Pool

No


Zoning

MULTI

Courtesy of North Clybourn Group, Inc., Karen Biazar,
Listing Contact: 773-252-0600 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than DeMarcus Hunter are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 11/25/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 3:07 PM UTC, 11/25/2024

 

 

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