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4859 South Champlain Avenue 4859 S Champlain Ave 18 Unit Apartment Building For Sale Chicago, IL 60615
Investment Highlights
- Sixteen (16) 2Bd/1Ba & Two (2) 3Bd/1Ba Units
- Newer Porches
- Located in an Opportunity Zone
- Spacious layouts with separate living & dining rooms, & private balconies
- Prime Bronzeville Location
Executive Summary
Kiser Group is pleased to exclusively present for purchase 4859 S. Champlain Ave, a historic eighteen (18) unit apartment building in Chicago's Bronzeville neighborhood. Renters are attracted to its proximity to the abundance of shopping and retail that Hyde Park and Kenwood have to offer. It is also located in a designated opportunity zone providing tax incentives for qualified investors.
4859 S. Champlain has an incredibly desirable unit mix comprised of sixteen (16) 2Bd/1Ba and two (2) 3Bd/1Ba units. Units feature spacious layouts with separate living & dining rooms, updated kitchens & baths, private balconies, and hardwood floors throughout Additionally, recent improvements to the building consist of, but are not limited to, updated & code-compliant porches, significant tuckpointing & masonry work, and an onsite laundry facility.
4859 S. Champlain presents an investor with a unique opportunity to acquire a building in a booming area in one of Chicago's most desirable pockets on the South Side. From day one, a new owner will inherit an incredibly strong tenant base and achieve over an 8% cap rate. Furthermore, by raising rents to levels already being achieved in the building, an investor has the ability to the further improve the building's income and achieve a cap rate of 8.69%.
4859 S. Champlain has an incredibly desirable unit mix comprised of sixteen (16) 2Bd/1Ba and two (2) 3Bd/1Ba units. Units feature spacious layouts with separate living & dining rooms, updated kitchens & baths, private balconies, and hardwood floors throughout Additionally, recent improvements to the building consist of, but are not limited to, updated & code-compliant porches, significant tuckpointing & masonry work, and an onsite laundry facility.
4859 S. Champlain presents an investor with a unique opportunity to acquire a building in a booming area in one of Chicago's most desirable pockets on the South Side. From day one, a new owner will inherit an incredibly strong tenant base and achieve over an 8% cap rate. Furthermore, by raising rents to levels already being achieved in the building, an investor has the ability to the further improve the building's income and achieve a cap rate of 8.69%.
Property Facts
| Sale Type | Investment | Lot Size | 0.29 AC |
| No. Units | 18 | Building Size | 19,200 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1898 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | RM-5 | ||
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 19,200 SF |
| No. Stories | 3 |
| Year Built | 1898 |
| Opportunity Zone |
Yes |
| Zoning | RM-5 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Property Manager on Site
- Laundry Service
- Pet Play Area
- Vintage Building
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | - | 1,200 |
| 3+1 | 2 | - | 1,484 |
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Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (79)
Property Taxes
| Parcel Number | 20-10-212-017-0000 | Improvements Assessment | $206,973 CAD |
| Land Assessment | $59,514 CAD | Total Assessment | $266,487 CAD |
Property Taxes
Parcel Number
20-10-212-017-0000
Land Assessment
$59,514 CAD
Improvements Assessment
$206,973 CAD
Total Assessment
$266,487 CAD
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4859 South Champlain Avenue | 4859 S Champlain Ave
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