ON MARKET – MULTI-FAMILY
4530-4532 S. Ellis Ave. Chicago, IL 60653
NEIGHBORHOOD
Kenwood
PRICE
$1,375,000
NUMBER OF UNITS
5
CAP RATE
5.42%
PROPERTY LISTED

Essex Realty Group, Inc. is proud to exclusively offer for sale 4530-4532 S. Ellis, a five (5) unit apartment building (including Coach House), plus a vacant parcel of land measuring 3,783 SF. Located in the Opportunity Fund Zone, the subject property include four (4) garage parking spaces and two (2) surface spaces. Rehab in 2013 includes but not limited to plumbing, electrical, mechanical, roofing, decks common areas and condo quality finishes.

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 just 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 southern 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
  • Condo Quality Units
  • Value-Add Opportunity
  • Located in Opportunity Fun Zone
  • Access to Downtown via LSD (10 Minutes)
  • Unit Mix: (1) 2Bd/2Ba; (3) 3Bd/2Ba; (1) 4Bd/2.5Ba Coach House
  • Four (4) Garage Parking Spaces + Two (2) Surface Spots
  • Sale Price to include Vacant Parcel (22.25' x 170')
LISTING BROKERS
Brian Mond
Director
773.305.4876
Doug Fisher
Principal
773.305.4910
Jonathan Svigos
Associate
773.305.4866