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Listed by Karen Biazarof North Clybourn Group, Inc.
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Est. payment /mo
New
4745 S St. Lawrence AVE Chicago, IL 60615
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12717328
Year Built 1920
Annual Tax Amount $17,057
Tax Year 2024
Lot Dimensions 40 x 128.54
Property Sub-Type Multi Family 5+
Property Description
7.5 CAP Acquire Performance The stewards behind this offering did not accumulate a portfolio. They built one. Forty-five years in high-quality branded development and management, and since 2007 a deliberate curation of the Bronzeville Collection, each asset acquired for what it could become and held to a standard that rarely survives contact with a spreadsheet. Intelligent design. Renovations engineered for longevity rather than the next appraisal producing the metrics that matter most quietly: high renewal, low delinquency, and residents' retention. Welcome to 4745-47 S St Lawrence, a stately center entrance side-by-side masonry & stone walk-up with voluptuous bays, artist inspired ornamental fencing, botanical garden park like setting with app controlled underground irrigation system commanding 40 feet of frontage on one of Bronzeville's lovely canopied residential streets. Six residential units, symmetrically composed, three blocks east of the 47th Street Green Line and set squarely inside the 47th Street cultural corridor: the Harold Washington Cultural Center, Gallery Guichard, the landmark Forum, and Bronzeville's renaissance of restaurants, galleries and wine rooms, all walking distance. Expansive 2- and 3-bedroom floorplans deliver the generous, light-filled proportions flow & finish that define the Collection. Premium Millwork, Professional Grade Kitchens, Stainless Steel Appliances, Quartz countertops, Full Backsplash, Under Cabinet Lighting, Formal Dining Rooms Custom Closet Organizers, Window Treatments, Dimmer Switches, Washer Dryer in Units, Individual HVAC, Central Air, Oversized rear decks extend the living space outdoors and give every unit genuine private air. A 40 x 128.54 lot supports exterior parking for up to 6 cars (currently set up as 5) plus 2 full unfinished basements for future expansion as ADU or duplex. Extensive CAP X improvements, market rate tenants Gross Income $159,936. NOI $97,428.12. 7.5 CAP. Stabilized, turnkey, and performing on day one. 48 hours' notice M-F
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
Building
Foundation Stone
Structure Type Brick,Stone
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