Log In/Sign Up
Your email has been sent.
43 Units | Bronzeville | 8% Cap 4817 S King Dr 43 Unit Apartment Building $7,607,764 CAD ($176,925 CAD/Unit) 9.01% Cap Rate Chicago, IL 60615
INVESTMENT HIGHLIGHTS
- Nineteen (19) 2Bd/1Ba, Twenty Two (22) 1Bd/1Ba, One (1) 3Bd/2Ba, & One (1) Studio
- Prime Bronzeville Location
- On-Site Laundry Facility
- 8% Cap Rate
- Brand New Boiler w/ R&D Control System (2024)
EXECUTIVE SUMMARY
Kiser Group is pleased to exclusively offer for purchase the sale of 4817 S. King, a pristine forty-three (43) unit property tucked away in the Bronzeville neighborhood of Chicago’s South Side. The subject site sits directly in the core of one of Chicago’s most rapidly expanding neighborhoods and is roughly one (1) block away from Chicago’s Green Line, “El”, train station at 47th.
4817 S. King has a desirable unit mix consisting of one (1) studio, twenty-two (22) 1Bd/1Ba units, nineteen (19) 2Bd/1Ba units, and one (1) 3Bd/2Ba unit. All of which have spacious layouts and have tastefully updated kitchens and baths. Recent capital improvements include, but are not limited to: modern Weil McLain boiler with R&D control system (2024), brand new hot water tanks (2025), new windows, and an on-site laundry facility.
4817 S. King presents an investor an incredible opportunity to acquire a stabilized, cash-flowing asset in Chicago’s Historic Bronzeville neighborhood. With the current operation from day one, an investor will realize a 9% cap rate and a 13.28% cash return. By increasing rents already achieved in the area, an investor can achieve a cap rate over 10% and a 17.70% cash return.
4817 S. King has a desirable unit mix consisting of one (1) studio, twenty-two (22) 1Bd/1Ba units, nineteen (19) 2Bd/1Ba units, and one (1) 3Bd/2Ba unit. All of which have spacious layouts and have tastefully updated kitchens and baths. Recent capital improvements include, but are not limited to: modern Weil McLain boiler with R&D control system (2024), brand new hot water tanks (2025), new windows, and an on-site laundry facility.
4817 S. King presents an investor an incredible opportunity to acquire a stabilized, cash-flowing asset in Chicago’s Historic Bronzeville neighborhood. With the current operation from day one, an investor will realize a 9% cap rate and a 13.28% cash return. By increasing rents already achieved in the area, an investor can achieve a cap rate over 10% and a 17.70% cash return.
PROPERTY FACTS
| Price | $7,607,764 CAD | Property Subtype | Apartment |
| Price Per Unit | $176,925 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 9.01% | Building Size | 32,895 SF |
| No. Units | 43 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1912 |
| Zoning | RM-5 | ||
| Price | $7,607,764 CAD |
| Price Per Unit | $176,925 CAD |
| Sale Type | Investment |
| Cap Rate | 9.01% |
| No. Units | 43 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 32,895 SF |
| No. Stories | 4 |
| Year Built | 1912 |
| Zoning | RM-5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 500 |
| 1+1 | 22 | - | 700 |
| 2+1 | 19 | - | 900 |
| 3+2 | 1 | - | 1,200 |
1 1
Walk Score®
Very Walkable (82)
Transit Score®
Excellent Transit (73)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 20-10-207-005-0000 | Improvements Assessment | $315,933 CAD |
| Land Assessment | $73,652 CAD | Total Assessment | $389,585 CAD |
PROPERTY TAXES
Parcel Number
20-10-207-005-0000
Land Assessment
$73,652 CAD
Improvements Assessment
$315,933 CAD
Total Assessment
$389,585 CAD
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
43 Units | Bronzeville | 8% Cap | 4817 S King Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.