ON MARKET – MULTI-FAMILY
4530-32 & 4534 S. Ellis Ave. Chicago, IL 60653
NEIGHBORHOOD
Kenwood
PRICE
$2,975,000
NUMBER OF UNITS
13
CAP RATE
3.4%
PROPERTY LISTED

Essex Realty Group, Inc. is proud to exclusively offer for sale 4534 S. Ellis Ave., an eight (8) unit apartment building, 4530-4532 S. Ellis Ave., a five (5) unit apartment building (including coach house), plus a vacant parcel of land measuring 3,783 SF. In addition to the buildable vacant land adjoining both parcels, these buildings are being offer for sale individually and/or portfolio.

LOCATION DETAILS

The neighborhood of Kenwood is located six (6) miles south of Chicago's Central Business District. Kenwood encompasses one square mile and maintains twenty-five acres of park space. Located 10 minutes from downtown Chicago via Lake Shore Drive, the community appeals to suburban and city commuters alike. This is demonstrated by the rapid growth in commuters using the Kenwood train station. In addition, a large part of the south half of the community area is in the Hyde-Park-Kenwood Historic District. Kenwood has national recognition as it is home to U.S President Barack Obama.

HIGHLIGHTS
  • Large Stabilized multifamily complex in North Kenwood
  • Both properties plus lot located within the Opportunity Fund zone
  • 1 Mile from Lake Shore Drive and 2 miles from 90/94 interstate
  • 1.5 Miles from University of Chicago
  • Completely gut renovated, condo quality units with Parking/Garage
LISTING BROKERS
Doug Fisher
Principal
773.305.4910
Brian Mond
Director
773.305.4876
Jonathan Svigos
Associate
773.305.4866