4119 South Ellis Avenue

Chicago, IL 60653

$4,400,000
Price
73
Beds
36
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

4119 s. Ellis is a 23-unit building located on a quiet, tree-lined street amongst a variety of single-family townhomes. Situated in a premier location in Chicago's historic North Kenwood neighborhood, the asset is ideally located just blocks away from Lake Michigan, Williams-Davis Park, providing easy access to S. Lake Shore Dr. and Chicago's downtown. 4119 S. Ellis boasts an incredibly desirable unit mix, comprised of four (4) 2BD/1BA, six (6) 3BD/1BA, five (5) 3BD/2BA, and eight (8) 4BD/2BA units....4119 s. Ellis is a 23-unit building located on a quiet, tree-lined street amongst a variety of single-family townhomes. Situated in a premier location in Chicago's historic North Kenwood neighborhood, the asset is ideally located just blocks away from Lake Michigan, Williams-Davis Park, providing easy access to S. Lake Shore Dr. and Chicago's downtown. 4119 S. Ellis boasts an incredibly desirable unit mix, comprised of four (4) 2BD/1BA, six (6) 3BD/1BA, five (5) 3BD/2BA, and eight (8) 4BD/2BA units. All of which are incredibly spacious and have gone through varying degrees of updates both cosmetically and mechanically. 4119 S. Ellis provides investors with the unique opportunity to obtain a stabilized, cash-flowing asset in one of Chicago's most rapidly appreciating neighborhoods. From day one, an investor will realize an in-place cap rate of 7.07%. Additionally, an investor has the option to assume the existing debt (terms below) through Fannie Mae. 4119 S. Ellis: - $2,196,000 - 4.30% Rate - 6 Years Remaining
  1. Listed by John George • Kiser Group Realty Inc
  2. Listed by Joseph Bianchi • Kiser Group Realty Inc

Property Details for 4119 South Ellis Avenue

Area
CHI - Oakland

Location

Listing Courtesy of Kiser Group Realty Inc
Add your commute
LISTING UPDATED: 03/19/2024 11:53 AM

Property Details for 4119 South Ellis Avenue

StatusActive
MLS #11977356
Days on Market110
Taxes$20,762 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1903
Lot Size0.16 AC / 6,912 SF
CountyCook County

Location

Listing Courtesy of Kiser Group Realty Inc
Add your commute

Building Information for 4119 South Ellis Avenue

Stories-Residences23Year Built1903Building Size-Lot Size0.16 AC / 6,912 SF

Payment Calculator

$25,743 per month

30 year fixed, 7.25% Interest

Principal and Interest

$24,013

Property Taxes

$1,730

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4119 South Ellis Avenue

General Information
Location and General Information
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Num of Baths: 36.0
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 72' X 96'
  • Stories: 3
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 10
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 23
Income & Expenses
  • Electric Expense: $1,940.00
  • Fuel Expense: $1,000.00
  • Gross Income: $440,244.00
  • Gross Scheduled Income: $418,232.00
  • Insurance Expense: $17,326.00
  • Maintenance Expense: $8,175.00
  • Janitor Expense: 5000
  • Total Monthly Income: 36687
  • Net Operating Income: $311,136.00
  • Operating Expense: $107,096.00
  • Other Expense: $5,500.00
  • Trash Expense: $6,316.00
  • Water Sewer Expense: $20,166.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 4
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 6
Unit 3
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 5
Unit 4
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 8
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 4119 South Ellis Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 4119 South Ellis Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Rating
School
Distance
Robinson Elementary School
PublicPK to 3

Fuller Elementary School
PublicPK to 8

King College Prep High School
Public9 to 12

Ariel Elementary Community Academy
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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4119 South Ellis Avenue is a multi-family home for sale in Chicago, IL 60653. This property was listed for sale on February 8, 2024 by Kiser Group Realty Inc, it's currently listed at $4,400,000. This listing's school district is City Of Chicago School District 299. Nearby schools include Robinson Elementary School, Fuller Elementary School and King College Prep High School. 4119 South Ellis Avenue is a 73-bed, 36-bath, multi-family home built in 1903.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kiser Group Realty Inc

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.