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4516 South Vincennes Avenue

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!

Essential Information

  • MLS® #10585187
  • Price$1,300,000
  • Acres0.16
  • Year Built1894
  • TypeCommercial Sale
  • Sub-TypeMulti Family 5+
  • StatusActive

Community Information

  • Address4516 South Vincennes Avenue
  • AreaCHI - Grand Boulevard
  • CityChicago
  • CountyCook
  • StateIL
  • Zip Code60653

Amenities

  • Parking Spaces8

Additional Information

  • Days on Website214
  • ZoningMULTI
  • Taxes$15,551

Listing Details

  • Office@properties Commercial
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Price Change History for 4516 South Vincennes Avenue, Chicago, IL (MLS® #10585187)

Date Details Price Change
Price Reduced (from $1,400,000) $1,300,000 $100,000 (7.14%)

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than @Properties are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

Listing information last updated on July 5th, 2020 at 1:45am CDT.