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4943 S Forrestville Avenue

Chicago, IL 60615
  • $1,985,000
  • STATUS: Active
  • ON SITE: 54 Days
  • MLS #: 11208473
UPDATED: 28 min ago
$1,985,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1907
County:

School Ratings & Info

Description

Keller Williams Commercial has been exclusively engaged to market Bronzeville Residences at 4943-45 S Forrestville. This 8 - unit multifamily property located in the historic Bronzeville neighborhood, of Chicago, IL features remodeled, condo quality units and a stabilized tenant base. The asset consists of (8) two bedroom two bath units with premium finishes. Unit amenities include hardwood floors throughout, 42" maple cabinetry with islands, granite countertops and premium appliance packages that include dishwashers, in-unit washers and dryers, individually metered HVAC, and private rear balconies. The building has benefited from many recent capital improvements including updated rear porches, plumbing, heating and electrical systems. Other features include a gated front and rear entry, 8 secured parking spaces, two backup generators and an underground sprinkler system. This asset gives an investor the ability to acquire a stabilized well located, fully occupied and renovated property with risk adjusted returns from day one. By raising rents to market levels, this Bronzeville asset offers its next owner the opportunity to reach a 7.24 cap rate and achieve a 12.80% levered return as units turn.

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-28T14:58:58.4 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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4943 S Forrestville Avenue Chicago, IL 60615

  • Price: $1,985,000
  • Status: Active
  • On Site: 54 Days
  • Updated: 28 min ago
  • MLS #: 11208473
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1907
Built
Neighborhood:
Chi - Grand Boulevard
County:
Cook
Area:
Chi - Grand Boulevard
Property Description
Keller Williams Commercial has been exclusively engaged to market Bronzeville Residences at 4943-45 S Forrestville. This 8 - unit multifamily property located in the historic Bronzeville neighborhood, of Chicago, IL features remodeled, condo quality units and a stabilized tenant base. The asset consists of (8) two bedroom two bath units with premium finishes. Unit amenities include hardwood floors throughout, 42" maple cabinetry with islands, granite countertops and premium appliance packages that include dishwashers, in-unit washers and dryers, individually metered HVAC, and private rear balconies. The building has benefited from many recent capital improvements including updated rear porches, plumbing, heating and electrical systems. Other features include a gated front and rear entry, 8 secured parking spaces, two backup generators and an underground sprinkler system. This asset gives an investor the ability to acquire a stabilized well located, fully occupied and renovated property with risk adjusted returns from day one. By raising rents to market levels, this Bronzeville asset offers its next owner the opportunity to reach a 7.24 cap rate and achieve a 12.80% levered return as units turn.
Exterior Features

Exterior Building Type Brick Outdoor Parking 6-12 Spaces Parking Total 8

Interior Features

Cooling Central Air Heat Ventilation Central Heat/Indiv Controls Number Of Dishwashers 8 Number Of Dryers 8 Number Of Washers 8

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 9798 Built Before1978 YN Yes Gross Income 157608 Gross Scheduled Income 0 Insurance Expense 0 Maintenance Expense 0 Net Operating Income 110769 Operating Expense 0 Tax Annual Amount 12693.1 Tax Year 2020 Tenant Pays Heat Total Monthly Income 13134 Type Multi Family 5+

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Keller Williams Onechicago.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-28T14:58:58.4 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Keller Williams Realty
2401 East Empire
Bloomington IL, 61704