4516 Vincennes Avenue, Chicago, 60653

$1,400,000 - Multi Family 5+ For Sale

$1,400,000

Beds
Baths
15,170Sqft
.16Acres
1894Built
MLS® #: 10585187
Active

Own this 8-unit condo building located one block east of the historic and picturesque King Drive in the highly sought after Bronzeville neighborhood. Converted to condominiums in the early 2000s, the building's excellent unit mix consists of (4) Three Bed - Two Bath approx 1434 sq ft, (2) Two Bed with Den - Two Bath approx 1345 sq ft and (2) Two Bed - Two Bath approx approx 1300 sq ft. Each unit features hardwood floors throughout, granite counter-tops, stainless steel appliances, in-unit laundry, gas forced heat, central air conditioning and secured gated parking in the rear. An investor can purchase the subject property and deconvert back to an apartment building or with minor cosmetic updates, exit the investment through the sale of individual condos on a retail basis. Easy access to Hyde Park, Lake Shore Drive, Gallery Guichard, 90/94, Mariano's, the University of Chicago, public transportation and 15 minutes from downtown Chicago. Currently 6 units are rented and two are owner occupied. By leasing the two owner-units, you achieve an in-place cap rate of 7.9%. Schedule your private tour today!

Additional Information: This property is located in the CHI - Grand Boulevard neighborhood, IL. This bedrooms multi family 5+ property is priced at $92.3/sqft.

Price & Status History

Date Details
Status Changed from Re-activated to Active
Status Changed from Contingent to Re-activated
Status Changed from Active to Contingent
Status Changed from New to Active

Essential Information

MLS® #: 10585187
Price: $1,400,000
Taxes: $15,551
Square Footage: 15,170
Acres: 0.16
Year Built: 1894
Type: Commercial
Sub-Type: Multi Family 5+
Status: Active

Community Information

Address: 4516 Vincennes Avenue
Area: CHI - Grand Boulevard
City: Chicago
County: Cook
State: IL
Zip Code: 60653

Amenities

Parking Spaces: 8

Interior

Heating: Gas, Forced Air
Cooling: Central Individual
Fireplace: Yes
# of Fireplaces: 6
Stories: 3

Additional Information

Zoning: MULTI

Listing Details

Listing Office: @properties Commercial

Financials

$/SqFt: $92

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Listing information last updated on May 31st, 2020 at 7:50pm CDT.