Brian Littrel
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
Description
4723-25 S. Vincennes Avenue is a six-unit plus one non- conforming multifamily investment opportunity located in the heart of Bronzeville, one of Chicago's most historic and rapidly evolving neighborhoods. Comprised of exceptionally large apartment layouts, the property features three 2-bedroom/1- bathroom units, three 3-bedroom + den/1-bathroom units, and one non-conforming garden unit consisting of a 2-bedroom/1-bathroom apartment. The asset presents a compelling value-add opportunity through interior renovations and strategic unit reconfiguration. Given the substantial unit sizes, investors have the ability to modernize the apartments while potentially adding additional bathrooms and creating more desirable 3-bedroom/2-bathroom layouts. Beyond the in-place rental upside, investors have multiple opportunities to further enhance value, including the potential to reconfigure the three oversized units, add additional bathrooms, and pursue a potential condominium conversion, subject to applicable zoning, approvals, and city requirements. The property also includes a non-conforming garden apartment that is currently leased and provides additional rental income. Combining below-market rents, substantial apartment layouts, and multiple value- add strategies, 4723-25 S. Vincennes Avenue presents an attractive opportunity to increase rental income and enhance the overall value of the asset in one of Chicago's established South Side neighborhoods.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 8,766
County: Cook
Listed By:
Essex 312, LLC
773-305-4858
MRED MLS
MLS ID: 12795212
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4723 S Vincennes Avenue, Chicago, IL 60615.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $995,000 | $995,000 | $995,000 |
| Down Payment | $199,000 | $34,825 | $248,750 |
| Monthly Mortgage Amount | $5,229 | $6,418 | $6,399 |
| Taxes | $1385 | $1385 | $1385 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $597 | $0 |
| Monthly Estimated Total | $6,904 | $8,690 | $8,074 |
Brian Littrel
REALTOR®
E Pro, SRES, ABR
Cell: (563) 260-6438
Other: (563) 263-5792
Licensed in IA
Muscatine Office
226 East 2nd Street
Muscatine, IA 52761
(563) 264-0240
Muscatine, IA 52761
(563) 264-0240
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