Under contract

4030 S Indiana Ave, Chicago, IL 60653

Beds
11
Baths
8

View property features, location on map, relevant school information and overview from seller's agent.

Listed byEssex 312, LLC
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Overview

Legal 4-unit building in Bronzeville with a 3 Bed / 2 Bath unit available for owner occupancy. The property consists of (3) large 3 bed / 2 bath units and (1) 2 bed / 2 bath garden. Renovated in 2017, all units enjoy in-unit laundry, gas-forced air furnaces with duct work, and laminate counter tops. The property is being listed at an attractive 9.3x gross rent multiple or roughly 6.4% cap rate on in-place cash flows. If the existing lease roll were marked to current market rents, the property would generate $109,620 in gross annual income and stabilize at a 7.7% cap rate without the need for major renovations. Bronzeville continues to experience substantial residential and commercial development activity, driving long-term appreciation and rent growth. The building sits half a block from the CTA Green line station, providing a short commute downtown for owners and tenants alike.

Location

Full feature list

Basic info

Property type
Other residential
Number of bedrooms
11
Number of bathrooms
8
Lot size (acres)
0.09

Interior features

Laundry
In Unit

Utilities

Heating
Natural Gas
Sewer
Public Sewer
Water
Public Water

Estimated monthly costs

Electricity
$27
Insurance
$333

Taxes

Tax Annual Amount (2024)
$13,112.96

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Midwest Real Estate Data (MRED) MLS®#: 12677712 Last checked:

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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 office/agent presenting the information.