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4119 S Ellis Avenue, Chicago, IL 60653
$4,400,000
4119 S Ellis Avenue, Chicago, IL 60653View this property at 4119 S Ellis Avenue, Chicago, IL 60653
4119 S Ellis AvenueChicagoIL60653
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Property Description
4119 S. Ellis is a 23-unit building located on a quiet, tree-lined street amongst a variety of single-family townhomes. Situated in a premier location in Chicago's historic North Kenwood neighborhood, the asset is ideally located just blocks away from Lake Michigan, Williams-Davis Park, providing easy access to S.Lake Shore Dr. and Chicago's downtown. 4119 S. Ellis boasts an incredibly desirable unit mix, comprised of four (4) 2BD/1BA, six (6) 3BD/1BA, five (5) 3BD/2BA, and eight (8) 4BD/2BA units. All of which are incredibly spacious and have gone through varying degrees of updates both cosmetically and mechanically. 4119 S. Ellis provides investors with the unique opportunity to obtain a stabilized, cash-flowing asset in one of Chicago's most rapidly appreciating neighborhoods. From day one, an investor will realize an in-place cap rate of 7.07%. Additionally, an investor has the option to assume the existing debt (terms below) through Fannie Mae. 4119 S. Ellis: - $2,196,000 - 4.30% Rate - 6 Years Remaining
Full Property Details
Full Property Details for 4119 S Ellis Ave
General
- Price: $4,400,000
- HOA FEE: $8,175
- Taxes: $20,762 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 11977356
- Updated: 2/28/2024
- Added to Site: 79 day(s) ago
Location
- Area: CHI - Oakland
- County: Cook
- Driving Directions: Heading North on S Lake Park Ave, take a left at E 41st Place, where the property sits on the corner of E 41st Place and S Ellis Ave.
Heating & Cooling
- Heating Type: Central Heat/Individual Controls
Utilities
- Trash: 6316
Structural Information
- Stories/Levels: 3
- Year Built: 1903
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 72' x 96'
Financial Considerations
- Maint. Fee: $8,175
- Insurance Fee: $17,326
- Operating Expenses: $107,096
- Other Fee: $5,500
- Assessment Year: 1903
- Tax Amount: $20,762.3
- Tax Year: 2022
- Tenant Pays: Electricity, Heat
- Pays Electric: 1940
- Pays Trash: 6316
Disclosures and Reports
- Property ID: 20021160010000
Listed by Kiser Group Realty Inc
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Schools
Schools serving 4119 S Ellis Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
4225 S Lake Park Ave, Chicago, IL 60653 | PK-3 | 0.2 mi | |
4214 S Saint Lawrence Ave, Chicago, IL 60653 | PK-8 | 0.5 mi | |
Dyett High School
555 E 51st St, Chicago, IL 60615 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
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School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4119 S Ellis Ave
Date
Details
Price
Change
Source
2/08/2024
Listed
$4,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4119 S Ellis Ave
4119 S Ellis Avenue, Chicago, IL 60653 (MLS# 11977356) is a Commercial property. 4119 S Ellis Avenue is currently listed for $4,400,000 and was received on February 08, 2024. Want to learn more about 4119 S Ellis Avenue? Do you have questions about finding other Commercial real estate for sale in Oakland? You can browse all Oakland real estate or contact a Coldwell Banker agent to request more information.