4846 South St Lawrence Avenue

Chicago, IL 60615

$2,875,000
Price
20
Beds
12
Baths
2
1/2 Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Exceptional investment opportunity in Bronzeville. Fully stabilized 6 unit building with high-end condo quality finishes. 2022 New Construction, intelligently designed all brick building, boasting an impressive 6.7% Cap Rate with $238,000+ gross income and NOI of $193,000. This property offers an absolute turnkey experience at the confluence of Bronzeville/Kenwood with all leases running into Spring 2024. Unit breakdown of (2) 1800 sqft three bed/two bath residences, (2) Penthouse 1950 sqft three...Exceptional investment opportunity in Bronzeville. Fully stabilized 6 unit building with high-end condo quality finishes. 2022 New Construction, intelligently designed all brick building, boasting an impressive 6.7% Cap Rate with $238,000+ gross income and NOI of $193,000. This property offers an absolute turnkey experience at the confluence of Bronzeville/Kenwood with all leases running into Spring 2024. Unit breakdown of (2) 1800 sqft three bed/two bath residences, (2) Penthouse 1950 sqft three bed/two bath residences and (2) 3000 sqft four bed/two & a half bath duplex residences. Each unit boasts private outdoor space with penthouse units getting private rooftop decks and garage roof rights for duplex units. 6 car garage (1:1) and exterior storage. The units in this luxury boutique building are distinguished by the finishes & details; hardwood floors, in unit laundry, central air/gas forced heat, video intercom, custom closets, window treatments throughout, and fireplaces with built-in shelving. Kitchens are all finished with quartz countertops & backsplash, breakfast bar overhang, stainless steel appliances, and custom cabinetry. Elevated primary suites with walk-in closets and double vanity with quartz countertops, and walk-in shower with rain shower head and bench. Both guest bedrooms have closets built out with custom organizers and guest bathroom has shower/tub combo. Duplex units include butler pantry on main level and heated floors in lower level. Happy tenants with sound barrier between floors with open cell foam, 1:1 garage parking, and exterior storage. The property is home to AAA tenants, ensuring a stabilized asset for investors seeking a secure and lucrative venture in the thriving Bronzeville real estate market.
  1. Listed by Karen Biazar • North Clybourn Group, Inc.
  2. Listed by Staci Slattery • North Clybourn Group, Inc.

Property Details for 4846 South St Lawrence Avenue

Area
CHI - Grand Boulevard
Township
Hyde Park
Num of Interior Fireplaces
6
Zoning
MULTI

Location

Listing Courtesy of North Clybourn Group, Inc.
Add your commute
LISTING UPDATED: 03/27/2024 11:52 AM

Property Details for 4846 South St Lawrence Avenue

StatusActive
MLS #11990904
Days on Market86
Taxes$35,600 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built2022
Lot Size0.14 AC / 6,250 SF
CountyCook County

Location

Listing Courtesy of North Clybourn Group, Inc.
Add your commute

Building Information for 4846 South St Lawrence Avenue

Stories-Residences6Year Built2022Building Size-Lot Size0.14 AC / 6,250 SF

Payment Calculator

$18,657 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,690

Property Taxes

$2,967

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4846 South St Lawrence Avenue

General Information
Addtl Parking Information
  • Indoor Parking: 6-12 Spaces
  • Outdoor Parking: None On Site
  • Open Parking Spaces: 6.0
Location and General Information
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • # Of Washers: 6
  • Heat/Ventilation: Forced Air,Gas
  • # Of Window/Ac: 0
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • # Of Dryers: 6
  • # Of Disposals: 6
  • # Of Dishwashers: 6
  • Num of Baths: 12.2
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat, Other
  • Built Before 1978: No
  • Approximate Age: 1-6 Years
  • Multi-Family Type: Flats
  • Lot Dimensions: 50 X 125
  • Stories: 4
  • Exterior Building Type: Brick
  • # Of Ranges: 6
  • Conversion: N
  • MRD_UNC: No
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA
  • Public Document Count: 0
  • Photos Count: 78
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Sidewalks,Other
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $750.00
  • Fuel Expense: $.00
  • Gross Income: $238,440.00
  • Gross Scheduled Income: $238,440.00
  • Insurance Expense: $4,150.00
  • Maintenance Expense: $.00
  • Known Encumbrances: None Known
  • Janitor Expense: 0
  • Total Monthly Income: 19870
  • Net Operating Income: $193,150.00
  • Operating Expense: $45,290.00
  • Other Expense: $.00
  • Trash Expense: $2,440.00
  • Water Sewer Expense: $2,350.00
Unit 1
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 2
Unit 2
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 2
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
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 4846 South St Lawrence Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4846 South St Lawrence Avenue

Taxable ValueLand$10,625Additions-Total$10,625
Tax Record2022$2,192 ($183 / month)
Home Facts
Beds0Total Finished SqFt8,022 SqFtAbove Grade Finished SqFt8,022 SqFtStories3Lot Size6,250 SqFtStyleMiscellaneous Vacant LandYear Built1903CountyCOOKAPN20-10-210-032

Schools near 4846 South St Lawrence Avenue

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

Walter Henri Dyett HS for Arts
Public9 to 12

Williams Medical Prep High School
Public9 to 12

LITTLE BLACK PEARL ARTS ACAD HS
Public9 to 12

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.

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4846 South St Lawrence Avenue is a multi-family home for sale in Chicago, IL 60615. This property was listed for sale on February 27, 2024 by North Clybourn Group, Inc., it's currently listed at $2,875,000. It has been on the market for a total of 86 days and was last sold on August 30, 2006. This listing's school district is City Of Chicago School District 299. Nearby schools include Ariel Elementary Community Academy, Walter Henri Dyett HS for Arts and Williams Medical Prep High School. 4846 South St Lawrence Avenue is a 20-bed, 13-bath, multi-family home built in 2022.

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 North Clybourn Group, 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. Based on information submitted to the MLS GRID as of 03/27/2024 11:52 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.