New Construction
Address
4846 S Saint Lawrence Avenue, Chicago, IL
Price
$ 2,875,000
Property Attributes
  • MLS#11990904
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - Grand Boulevard
  • NeighborhoodGrand Boulevard
  • Zip60615
  • StyleMulti-Family
  • Year Built2022
  • Taxes$ 35600
  • Price$ 2,875,000
  • Bedrooms10
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property 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 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.

Price History
2/27/2024 Listed $2,875,000

General Features

Cooling Central Air
Zoning MULTI
Year Built 2022
Tenant Pays Electricity,Heat,Other
Stories 4
Township Hyde Park
Tax Year 2021
Current Use Multi-Family
Gross Income 238440
County Cook
Net Operating Income 193150
Operating Expense 45290
Insurance Expense 4150
Property Type Commercial Sale
Status Active
Directions LSD to 47th Street to St. Lawrence,South to building
City Chicago
Total Units 6
MLS Area CHI - Grand Boulevard
Street Name Saint Lawrence
Tax Annual Amount 35600
Electric Expense 750
Trash Expense 2440
Water Sewer Expense 2350
Additional Parcels Y/N No
Days on Market 30
Standard Status Active
Property Type Multi Family 5+

Interior Features

Total Fireplaces 6
Street Suffix Avenue

Exterior Features

Lot Dimensions 50 X 125
Exterior Brick

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60615

Price
AVG $1.46M
$2.88M
Taxes
AVG $11,871
$35,600
Visits
AVG 225
168
Data Provided by Inside Real Estate®
Year Built
AVG 1947
2022

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