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4834-4846 S Indiana Ave
Chicago, IL 60615
Multifamily Property For Sale
·
23 Units
INVESTMENT HIGHLIGHTS
- 23 units, 3 entrances, 20 gated parking spaces
- Can be acquired as a portfolio of 4 properties.
EXECUTIVE SUMMARY
7.5 CAP Breathe Rare Air. The sellers of this property portfolio are not just seasoned investors; they are passionate visionary stewards with over 45 years of experience in branded high quality property development and management. Since 2007, they have meticulously curated each asset in the Bronzeville collection, focusing on longevity, quality, and the future potential of every investment. Every property reflects an unwavering commitment to excellence. From intelligent design choices to extensive renovations and improvements that prioritize durability, modernity, and lifestyle, they ensured no detail is overlooked. Their approach integrates a long-term vision with a hands-on philosophy, balancing aesthetic appeal and functionality while fostering strong tenant communities. A rare opportunity to obtain a sizeable AAA turnkey footprint from the best of the best. Welcome to 4834-46 S Indiana, An Exquisite, Curated, Panoramic Campus of the Bronzeville Collection spans 125 x 160.58 just over a 1/2 acre perfectly positioned in Dynamic Bronzeville. A Classic Chicago All Masonry 23 Unit walk up with 20 parking spaces. The development team embraced this extensive undertaking showcasing superior craftsmanship and attention to detail with fully documented capital improvements and have hit every metric of turnkey asset offering abundant choice for numerous investment objectives. The scope of renovation and notable documented capital improvements interior and exterior include but not limited to extensive masonry & concrete, roof and gutters, common area and lobbies, deck system, central heating system, parking lot design and development, artesian sculptured iron fencing, inspired botanical garden park like setting rivaling arboretum status, zoned irrigation system inclusive of grounds and parkway controlled by app, flagstone pavers, exotic tree placards emulating the Chicago Botanical Gardens listing the origin, name and year planted, custom designed and built outdoor BBQ and picnic tables, and bike room Unit Mix offers diverse floor plans for every price point (1) 3-bedroom 1 bath (16) 2- bedroom 1 bath (3) 1 bedroom 1 bath (3) Junior 1 bedroom 1 bath Fluid integration of endless details and appointments, bathed in natural light with panoptic vistas, offer rich transitional and modernist kitchens, quartz and granite, intricate tile applications, accessory niches, resort caliber baths, hardwood floors, premium mill work, central hot water heating system with individual a/c, washer dryers in unit, custom closets organizers, window treatments, dimmers, hi style designer lighting, use of all garden and grounds, the common area rival boutique hotel luxury complete with professional grade art offer a branded lifestyle that resonates with discerning residents and a soft sampling of the exhausting list of building and unit features. Rarely vacant An unparalleled investment opportunity.
PROPERTY FACTS
| Price Per Unit | $253,994 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 7.50% | Building Size | 27,628 SF |
| Sale Condition | Bulk/Portfolio Sale | No. Stories | 4 |
| No. Units | 23 | Year Built | 1913 |
| Property Type | Multifamily | Parking Ratio | 0.72/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | 10 | ||
| Price Per Unit | $253,994 CAD |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 27,628 SF |
| No. Stories | 4 |
| Year Built | 1913 |
| Parking Ratio | 0.72/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 10 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Hardwood Floors
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Fenced Lot
- Picnic Area
- Tenant Controlled HVAC
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 1 | $2,326 CAD | 1,150 |
| 2+1 | 16 | $2,523 CAD | 1,075 |
| 1+1 | 3 | $1,812 CAD | 675 |
| Studios | 3 | $1,815 CAD | 600 |
PROPERTY TAXES
| Parcel Number | 20-10-108-019-0000 | Improvements Assessment | $188,021 CAD |
| Land Assessment | $59,595 CAD | Total Assessment | $247,617 CAD |
PROPERTY TAXES
Parcel Number
20-10-108-019-0000
Land Assessment
$59,595 CAD
Improvements Assessment
$188,021 CAD
Total Assessment
$247,617 CAD
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