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4723 S Forrestville Avenue, Chicago, IL 60615
$1,675,000 Contingent
4723 S Forrestville Avenue, Chicago, IL 60615View this property at 4723 S Forrestville Avenue, Chicago, IL 60615
4723 S Forrestville AvenueChicagoIL60615
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Property Description
Investment opportunity with fully remodeled turnkey 8 unit brick building in Bronzeville neighborhood. Mix of bed/bath counts all occupied and renovated in last 2 years. In addition to high efficiency individual HVAC (air compressors on the roof), a new roof, new 400-amp electric service, and updated plumbing, apartments feature modern kitchens with stainless steel appliances, exquisite hardwood flooring, modern bathroom finishes and in-unit laundry. Near downtown and expressways I-90/94 plus proximity to an abundance of shopping and retail in Bronzeville, Kenwood, and the Hyde Park neighborhoods. Some value add opportunities. Cash flowing asset. Interior photos will be added soon. Additional properties for sale in portfolio. Please send POF and sign NDA for financials.
Full Property Details
Full Property Details for 4723 S Forrestville Ave
General
- Price: $1,675,000
- HOA FEE: $1
- Taxes: $9,491 (2022)
- Status: Contingent
- Type: Commercial
- MLS ID: 12005900
- Updated: 4/22/2024
- Added to Site: 31 day(s) ago
Location
- Area: CHI - Grand Boulevard
- County: Cook
- Driving Directions: Two blocks east of MLK drive and a block south of 47th St.
Heating & Cooling
- Cooling Type: Central Air Conditioning, Central Individual
- Heating Type: Central Heat/Individual Controls, Forced Air, Individual Furnaces
Utilities
- Trash: 1
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Square Feet: 11,700
- Current Bldg. Use: Multi-Family
- Year Built: 1900
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 8
- Units w/Range/Oven: 8
- # Dryers: 8
Lot Features
- Lot Size (Sq. Ft.): 6,250
- Lot Dimensions: 50 x 125
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $1
- Insurance Fee: $1
- Operating Expenses: $1
- Other Fee: $1
- Assessment Year: 1900
- Tax Amount: $9,491
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Electricity, Heat
- Pays Electric: 1
- Pays Trash: 1
Disclosures and Reports
- Property ID: 20102020050000
Listed by Trelleum LLC
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Schools
Schools serving 4723 S Forrestville Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
4414 S Evans Ave, Chicago, IL 60653 | K-8 | 0.4 mi | |
Dyett High School
555 E 51st St, Chicago, IL 60615 | 9-12 | 0.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4723 S Forrestville Ave
Date
Details
Price
Change
Source
3/27/2024
Listed
$1,675,000
123.63%
MLS
4/05/2021
Sold
$749,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4723 S Forrestville Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$9,491
2%
$46,000
—
2021
$9,278
46%
$46,000
62%
2020
$6,339
-13%
$28,457
-21%
2019
$7,276
2%
$36,214
—
2018
$7,153
9%
$36,214
18%
2017
$6,590
7%
$30,614
—
2016
$6,132
9%
$30,614
—
2015
$5,610
10%
$30,614
12%
2014
$5,090
2%
$27,432
—
2013
$4,989
1%
$27,432
—
2012
$4,923
—
$27,432
—
Disclaimer: Historical tax 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 4723 S Forrestville Ave
4723 S Forrestville Avenue, Chicago, IL 60615 (MLS# 12005900) is a Commercial property. 4723 S Forrestville Avenue is currently listed for $1,675,000 and was received on March 27, 2024. Want to learn more about 4723 S Forrestville Avenue? Do you have questions about finding other Commercial real estate for sale in Grand Boulevard? You can browse all Grand Boulevard real estate or contact a Coldwell Banker agent to request more information.