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4716-4718 S King Dr 13 Unit Apartment Building $2,482,074 CAD ($190,929 CAD/Unit) 8.38% Cap Rate Chicago, IL 60615
INVESTMENT HIGHLIGHTS
- Close to shopping centers in Bronzeville and Prairie Shores.
- In proximity to the proposed new Bears stadium.
EXECUTIVE SUMMARY
4716 S King is a 13-unit market and affordable rent apartment building located in desirable Bronzeville, ten minutes south of Downtown Chicago. Bronzeville is a rapidly appreciating neighborhood situated along Chicago’s famed Lakefront and blocks away from Washington Park, numerous cultural landmarks, public transportation, and bordered by Hyde Park, home to the prestigious University of Chicago.
The architecturally significant vintage building has a mix of one- and two-bedroom apartments with one bath. Units are well-sized for the market, and many have enjoyed cosmetic and mechanical upgrades in recent years. The property has received capital upgrades and is managed by a strong, local team focused on immersive tenant engagement and detailed financial accountability.
The Vintage Portfolio
4716 S King is part of the Vintage Portfolio of properties in Bronzeville, Kenwood / Hyde Park and Woodlawn, owned and operated by Eagle Infinite, a development and portfolio investment firm with over $100 million is assets under management. Eagle Infinite has stabilized occupancy and rents, made certain capital upgrades and has determined that the $20 million portfolio is now well-positioned for a new ownership cycle.
The architecturally significant vintage building has a mix of one- and two-bedroom apartments with one bath. Units are well-sized for the market, and many have enjoyed cosmetic and mechanical upgrades in recent years. The property has received capital upgrades and is managed by a strong, local team focused on immersive tenant engagement and detailed financial accountability.
The Vintage Portfolio
4716 S King is part of the Vintage Portfolio of properties in Bronzeville, Kenwood / Hyde Park and Woodlawn, owned and operated by Eagle Infinite, a development and portfolio investment firm with over $100 million is assets under management. Eagle Infinite has stabilized occupancy and rents, made certain capital upgrades and has determined that the $20 million portfolio is now well-positioned for a new ownership cycle.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,482,074 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $190,929 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 8.38% | Building Size | 12,000 SF |
| No. Units | 13 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1916 |
| Property Subtype | Apartment | ||
| Zoning | 10 | ||
| Price | $2,482,074 CAD |
| Price Per Unit | $190,929 CAD |
| Sale Type | Investment |
| Cap Rate | 8.38% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 12,000 SF |
| No. Stories | 3 |
| Year Built | 1916 |
| Zoning | 10 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | $1,677 CAD | - |
| 2+1 | 10 | $2,084 CAD | - |
1 1
Walk Score®
Very Walkable (88)
Transit Score®
Excellent Transit (72)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 20-10-105-008-0000 | Total Assessment | $163,932 CAD |
| Land Assessment | $15,563 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $148,369 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
20-10-105-008-0000
Land Assessment
$15,563 CAD
Improvements Assessment
$148,369 CAD
Total Assessment
$163,932 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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4716-4718 S King Dr
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