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About the Listing 88183 - 1016193,1017906,148327
Legal 4-unit building in Bronzeville with a 3 Bed / 2 Bath unit available for owner occupancy. The property consists of (3) large 3 bed / 2 bath units and (1) 2 bed / 2 bath garden. Renovated in 2017, all units enjoy in-unit laundry, gas-forced air furnaces with duct work, and laminate counter tops. The property is being listed at an attractive 9.3x gross rent multiple or roughly 6.4% cap rate on in-place cash flows. If the existing lease roll were marked to current market rents, the property would generate $109,620 in gross annual income and stabilize at a 7.7% cap rate without the need for major renovations. Bronzeville continues to experience substantial residential and commercial development activity, driving long-term appreciation and rent growth. The building sits half a block from the CTA Green line station, providing a short commute downtown for owners and tenants alike.
Listing Highlights
Status
Pending
Days on Site
31
Property Type
Multi-Family
MLS ®
12677712
Year Built
Total Square Footage
0
Lot/Acreage
3777
Interior Details
- Bedrooms: 11
- Bathrooms: 8 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished,Full
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 2
- Lot Dimensions: 3777
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Unassigned,Yes
Financial Details
- Tax Amount: $13,113
- Taxes w/Assessments: N/A
- Tax/Property ID: 20031080400000
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
4030 S Indiana Ave Chicago, IL 60653
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