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4929 S Vincennes Ave 6 Unit Apartment Building $1,370,790 CAD ($228,465 CAD/Unit) 7.50% Cap Rate Chicago, IL 60615
Investment Highlights
- Three (3) 2Bd/1Ba, Two (2) 1Bd/1Ba, & One (1) 3Bd/2Ba
- Kitchens equipped w/ Granite Countertops & Stainless Steel Appliances
- Spacious, Open Floorplans
- Prime Bronzeville Location
Executive Summary
Kiser Group is pleased to exclusively offer for purchase 4929 S. Vincennes, a well-maintained six (6) unit walk-up located in Chicago’s historic Bronzeville neighborhood on the South Side. The subject property is centrally positioned within one of the city’s most rapidly expanding submarkets and is just a short walk from the CTA Green Line “L” station at 47th Street, offering direct access to downtown Chicago and surrounding neighborhoods.
4929 S. Vincennes features a diverse and highly desirable unit mix consisting of two (2) 1Bd/1Ba, three (3) 2Bd/1Ba units, and one (1) 3Bd/2Ba unit. All units offer functional, spacious layouts and have been well maintained. Improvements include, but are not limited to, updated bathrooms, granite countertops, and more.
The property presents investors with the opportunity to acquire a stabilized, cash-flowing asset in the heart of Bronzeville. 4929 S. Vincennes offers immediate returns from day one with an in place cap rate of 7.5% and a cash return of 7.26%. 4929 S. Vincennes offers long-term upside potential through continued rent growth in one of Chicago’s most sought-after South Side neighborhoods.
4929 S. Vincennes features a diverse and highly desirable unit mix consisting of two (2) 1Bd/1Ba, three (3) 2Bd/1Ba units, and one (1) 3Bd/2Ba unit. All units offer functional, spacious layouts and have been well maintained. Improvements include, but are not limited to, updated bathrooms, granite countertops, and more.
The property presents investors with the opportunity to acquire a stabilized, cash-flowing asset in the heart of Bronzeville. 4929 S. Vincennes offers immediate returns from day one with an in place cap rate of 7.5% and a cash return of 7.26%. 4929 S. Vincennes offers long-term upside potential through continued rent growth in one of Chicago’s most sought-after South Side neighborhoods.
Property Facts Under Contract
| Price | $1,370,790 CAD | Property Subtype | Apartment |
| Price Per Unit | $228,465 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 7.50% | Building Size | 5,481 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1915 |
| Zoning | RM-5 | ||
| Price | $1,370,790 CAD |
| Price Per Unit | $228,465 CAD |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 5,481 SF |
| No. Stories | 3 |
| Year Built | 1915 |
| Zoning | RM-5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 700 |
| 2+1 | 3 | - | 800 |
| 3+2 | 1 | - | 1,400 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 20-10-217-012-0000 | Improvements Assessment | $62,584 CAD |
| Land Assessment | $17,281 CAD | Total Assessment | $79,865 CAD |
Property Taxes
Parcel Number
20-10-217-012-0000
Land Assessment
$17,281 CAD
Improvements Assessment
$62,584 CAD
Total Assessment
$79,865 CAD
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4929 S Vincennes Ave
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