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