4516 S Vincennes Avenue

Chicago, Illinois 60653
Closed / MLS #10585187 / Multiple Family / Grand Boulevard
Listing information updated 11/17/2021 at 2:23am
Own this 8-unit condo building located one block east of the historic and picturesque King Drive in the highly sought after Bronzeville neighborhood. Converted to condominiums in the early 2000s, the building's excellent unit mix consists of (4) Three Bed - Two Bath approx 1434 sq ft, (2) Two Bed with Den - Two Bath approx 1345 sq ft and (2) Two Bed - Two Bath approx approx 1300 sq ft. Each unit features hardwood floors throughout, granite counter-tops, stainless steel appliances, in-unit laundry, gas forced heat, central air conditioning and secured gated parking in the rear. An investor can purchase the subject property and deconvert back to an apartment building or with minor cosmetic updates, exit the investment through the sale of individual condos on a retail basis. Easy access to Hyde Park, Lake Shore Drive, Gallery Guichard, 90/94, Mariano's, the University of Chicago, public transportation and 15 minutes from downtown Chicago. Currently 6 units are rented and two are owner occupied. By leasing the two owner-units, you achieve an in-place cap rate of 7.9%. Schedule your private tour today!

Full Features

Water Front:
No
Square Feet:
15,170
Acreage:
0.16
Built:
1894
Parking Spaces:
8
Cooling System:
Central Individual
Stories:
3
Zoning:
MULTI
Building Square Feet:
15,170
Current Net Income:
$113,284
Unit 1:
4 room(s) / 2 bed(s) / 2 bath(s)
Unit 2:
5 room(s) / 2 bed(s) / 2 bath(s)
Unit 3:
5 room(s) / 3 bed(s) / 2 bath(s)

Taxes & Assessments

Tax Amount:
$15,551
Tax Year:
2018

Location

Zip Code:
60653
City:
Chicago
County:
Cook
Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

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4516 S Vincennes Avenue is a multiple family which sold for $1,191,275. This multiple family has been listed on @properties since December 3rd, 2019 and was built in 1894. The nearest transit stops include 47th CTA Green line.