4139 S Prairie Ave - Apartments FOR SALE


Chicago, IL 60653- South Chicago
$1,450,000 USD
773-293-5090
4139 S Prairie Ave, Chicago, IL for Sale
$1,450,000 USD
Apartments - FOR SALE
1/5
null | 7.03% Cap Rate

4139 S Prairie Ave
Chicago, IL 60653
South Chicago


HIGHLIGHTS

  • Seven (7) 3Bd/1Ba & One (1) 2Bd/1Ba
  • Updated, High End Kitchens & Baths
  • Individual HVAC & Hot Water Tanks
  • New Porch (2023)
  • Updated Electric (400 Amps)
  • Prime Bronzeville Location

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase 4139 S. Prairie, a rarely available eight (8) unit walkup building located in Chicago's historic Bronzeville neighborhood. The subject site sits roughly two (2) blocks away from Chicago's Green Line, "EL", train station at 43rd St and I90, providing easy access to the city's downtown. 4139 S. Prairie is comprised of seven (7) 3bd/1ba and one (1) 2bd/1ba units. Of the eight units, two (2) of them are recently renovated garden units. All units feature a mix of hardwood, carpet, and LVP flooring, updated kitchen and bathrooms, and incredibly spacious living/dining rooms. Additional improvements to the building consist of updated electric, copper plumbing, a new porch (2023), as well as individual furnaces and hot water tanks. 4139 S. Prairie presents an investor a unique opportunity of a acquiring a stabilized and strong cash-flowing asset in Chicago's desirable pocket of Bronzeville. From day one, a new owner will capitalize on an incredibly strong and rapidly growing tenant base and will realize an in-place cap rate of 7.03%. However, with ongoing development of the area, there is an opportunity to further add value by bringing rents to increasing market rate levels.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$363 USD /SF

# OF UNITS

8

PRICE/UNIT

$181,250

CAP RATE

7.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1895

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,000 SF

ZONING

B-1

APN/PARCEL ID

20-03-116-008-0000

ASK ABOUT THIS PROPERTY

Noah BirkKiser GroupMore Info
773-293-5090

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Noah BirkKiser GroupMore Info
773-293-5090

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.