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4929 S Vincennes Ave 6 Unit Apartment Building $1,348,930 CAD ($224,822 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
| Price | $1,348,930 CAD | Property Subtype | Apartment |
| Price Per Unit | $224,822 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 | $1,348,930 CAD |
| Price Per Unit | $224,822 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
Walk Score®
Very Walkable (77)
Transit Score®
Excellent Transit (70)
Bike Score®
Very Bikeable (80)
Property Taxes
| Parcel Number | 20-10-217-012-0000 | Improvements Assessment | $61,144 CAD |
| Land Assessment | $16,883 CAD | Total Assessment | $78,028 CAD |
Property Taxes
Parcel Number
20-10-217-012-0000
Land Assessment
$16,883 CAD
Improvements Assessment
$61,144 CAD
Total Assessment
$78,028 CAD
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4929 S Vincennes Ave
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