4550 S King Dr - Apartments FOR SALE


Chicago, IL 60653
$1,050,000 USD
773-293-5090
4550 S King Dr, Chicago, IL for Sale
$1,050,000 USD
Apartments - FOR SALE
1/5
null | 8% Cap Rate

4550 S King Dr
Chicago, IL 60653


HIGHLIGHTS

  • Six (6) Spacious 3Bd/2Ba Units
  • Modern Weil McLain Boiler w/ R&D Controls
  • Copper Plumbing
  • Updated Kitchens & Baths
  • Prime Bronzeville Location

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase the sale of 4550 S King, a pristine six (6) unit walk up tucked away in the Bronzeville neighborhood of Chicago’s South Side. The subject site sits directly in the core of one of Chicago’s most rapidly expanding neighborhoods and is roughly two (2) blocks away from Chicago’s Green Line, “El”, train station at 47th. 4550 S. King has a desirable unit mix consisting of six (6) 3Bd/2Ba units. All of which have spacious layouts and have tastefully updated kitchens and baths. Recent capital improvements include, but are not limited to: modern Weil McLain boiler with R&D control system, updated copper plumbing, complete roof tear off (2018), and an on site laundry facility. 4550 S. King presents an investor with the unique opportunity to acquire an asset with tremendous upside. Given the size of the units and current market rents, there is a substantial ability to push rents significantly higher. Simply by stabilizing rents at levels already being achieved in the building, a new owner has the potential to see materially higher returns.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$79 USD /SF

# OF UNITS

6

PRICE/UNIT

$175,000

CAP RATE

8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1888

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,202 SF

ZONING

RM-5

APN/PARCEL ID

20-03-317-029-0000

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.