Description
Tastefully redesigned and meticulously renovated 4723-25 S. Forrestville is an eight (8) unit center-entrance walk up located in Chicago's booming Bronzeville neighborhood. Priced to sell at over a 7% cap with strong income from day one. Renters are attracted to the property's condo quality finishes, ease of commute downtown + the suburbs via I-90/94, and proximity to an abundance of shopping and retail that Bronzeville, Kenwood, and the Hyde Park neighborhood have to offer. Renovated in 2022, the property has an excellent unit mix of six (6) 3 bed/2 bath above-grade apartments and two (2) belon grade apartments featuring a 3 bed/1 bath unit and a 2 bed/1 bath unit. Every apartment showcases desirable open floorplans with massive square footage, containing large living areas, ample bedroom space a beautiful kitchen and plenty of natural light. Other updates include new stainless-steel appliances, dishwashers, in-unit laundry, refinished hardwood flooring, and modern bathroom finishes. In addition to its cosmetic finishes, the building also features high efficiency individual HVAC (air compressors on the roof), a new roof, new 400-amp electric service, and updated plumbing. This is an incredible investment opportunity to acquire a renovated building in one of Chicago's most developing and desirable neighborhoods Bronzeville. New ownership can acquire a stabilized investment in an appreciating location providing a solid cash-on-cash return for many years to come.
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School Ratings & Info
Description
Tastefully redesigned and meticulously renovated 4723-25 S. Forrestville is an eight (8) unit center-entrance walk up located in Chicago's booming Bronzeville neighborhood. Priced to sell at over a 7% cap with strong income from day one. Renters are attracted to the property's condo quality finishes, ease of commute downtown + the suburbs via I-90/94, and proximity to an abundance of shopping and retail that Bronzeville, Kenwood, and the Hyde Park neighborhood have to offer. Renovated in 2022, the property has an excellent unit mix of six (6) 3 bed/2 bath above-grade apartments and two (2) belon grade apartments featuring a 3 bed/1 bath unit and a 2 bed/1 bath unit. Every apartment showcases desirable open floorplans with massive square footage, containing large living areas, ample bedroom space a beautiful kitchen and plenty of natural light. Other updates include new stainless-steel appliances, dishwashers, in-unit laundry, refinished hardwood flooring, and modern bathroom finishes. In addition to its cosmetic finishes, the building also features high efficiency individual HVAC (air compressors on the roof), a new roof, new 400-amp electric service, and updated plumbing. This is an incredible investment opportunity to acquire a renovated building in one of Chicago's most developing and desirable neighborhoods Bronzeville. New ownership can acquire a stabilized investment in an appreciating location providing a solid cash-on-cash return for many years to come.
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Based on information submitted to the MRED as of 2023-06-09T22:59:08.283 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the
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