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4943 S Forrestville Avenue Chicago, IL 60615
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Key Details
Sold Price $1,625,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11751986
Sold Date 07/12/23
Year Built 1907
Annual Tax Amount $12,742
Tax Year 2021
Lot Dimensions 53.71 X 124.70
Property Description
One-of-A-Kind Unicorn, Gem Da la Gem Investment Opportunity set in Vibrant Bronzeville offering stately stabilized center entrance side by side 8 residential units + significant remote secured 8 parking spaces NOI $124,587 /6.5% CAP. Extensive gut renovation and notable capital improvements offer abundant choice for numerous investment objectives. Custom metal fabricated cornice, backup generator, oversized rear decks extensive masonry improvements, new water main, prolific professional landscaping, wifi enabled irrigiation system and more. Intelligent design, expansive floorplans, Unit Mix includes all 2 bedroom 2 Baths. Superior attention to detail in all aspects realized in high tenant retention rates. Refined living, endless appointments, professional grade kitchens, inspired bathrooms, individual HVAC, washer dryers in unit, custom closets, window treatments, dimmers, designer lighting, are a soft sampling of the exhausting list of unit features. Apartment reviews yielded a maintenance level rarely encountered. Palpable growth asset, meticulous attention to detail in all aspects from skilled scaled veteran ownership team. Transparent, comprehensive scope of work, capital improvements rent roll, lease schedules and full financials available on request. Exceptional location provides urban intimacy coupled with hyper-convenience and strong proximity to U of C, Lakefront, Rush Medical Center, Loop, Green Line, Expressways. 48 hours' notice M-F 10am to 4pm to show. Rare opportunity to obtain a sizeable AA turnkey footprint strategically positioned for continue long term growth.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Central Air
Fireplace N
Exterior
Utilities Available Sanitary Sewer, Water-Municipal
View Y/N true
Building
Structure Type Brick, Stone
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Bought with Marco Cesario • Jameson Commercial