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4516 S Vincennes Avenue

Chicago, Illinois 60653


Kevin J. Rocio
312.254.0307

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$1,275,000


Square Footage
15,170


Property Type
Multiple Family
Community Area
Grand Boulevard


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
Pool: No
Square Feet: 15,170
Tax Amount: $15,551
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)
School District(s): City Of Chicago SD 299


Taxes & Assessments
Taxes: $15,551

Listing information updated today (9/29/2020)


Grand Boulevard

Neighborhoods: Bronzeville

Bronzeville: Located on Chicago's South Side, along the main drag of Martin Luther King, Jr. Drive and 47th Street, Bronzeville is one of the nation's most significant areas in African-American urban history. In its heyday, from the 1920s to theā€¦

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Nearby Public Transportation

CTA Rail

at 47th (0.32 miles away)

Metra
Metra Electric Main Branch, South Shore

at 47th St Metra (1.19 miles away), 57th Street







4516 S Vincennes Avenue Chicago, Illinois 60653 is a multiple family currently listed at $1,275,000. This multiple family has been listed on @properties since December 3rd, 2019 and was built in 1894. Nearby schools include Mollison Elementary School, Phillips Academy High School, Dyett High School. The nearest transit stops include 47th CTA Green line, Metra Electric Main Branch 47th St Metra. Want to learn more about 4516 S Vincennes Avenue Chicago, Illinois 60653? Contact an @properties agent to request more info.