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$1,125,000

  • For Sale
  • Active
  • Commercial
  • 8,766 Sq. Ft.
  • Updated 9 hours ago
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4723-25 S. Vincennes Avenue is a six-unit plus one non- conforming multifamily investment opportunity located in the heart of Bronzeville, one of Chicago's most historic and rapidly evolving neighborhoods. Comprised of exceptionally large apartment layouts, the property features three 2-bedroom/1- bathroom units, three 3-bedroom + den/1-bathroom units, and one non-conforming garden unit consisting of a 2-bedroom/1-bathroom apartment. The asset presents a compelling value-add opportunity through interior renovations and strategic unit reconfiguration. Given the substantial unit sizes, investors have the ability to modernize the apartments while potentially adding additional bathrooms and creating more desirable 3-bedroom/2-bathroom layouts. Beyond the in-place rental upside, investors have multiple opportunities to further enhance value, including the potential to reconfigure the three oversized units, add additional bathrooms, and pursue a potential condominium conversion, subject to applicable zoning, approvals, and city requirements. The property also includes a non-conforming garden apartment that is currently leased and provides additional rental income. Combining below-market rents, substantial apartment layouts, and multiple value- add strategies, 4723-25 S. Vincennes Avenue presents an attractive opportunity to increase rental income and enhance the overall value of the asset in one of Chicago's established South Side neighborhoods.

Full Property Details for 4723 S Vincennes Ave

General

  • Price: $1,125,000
  • HOA FEE: $3,600
  • Taxes: $14,128 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12760248
  • Updated: 9/28/2026
  • Added to Site: 13 day(s) ago

Rental Information

  • Lease/Rent Term: Month To Month

Interior

  • Basement: Unfinished
  • Interior Features: Inside Corridor(s), Storage Inside, Laundry Room

Additional Information

  • Security/Safety: Fire Extinguisher(s), Smoke or Fire Protectors, Carbon Monoxide Detector(s)

Location

  • Area: CHI - Grand Boulevard
  • County: Cook
  • Township: Hyde Park
  • Driving Directions: From I-90/94 (Dan Ryan Expressway), take exit 53A for 47th St. Head east on W 47th St for approximately 0.8 miles, then turn right (south) onto S Vincennes Ave. The property will be on the left (east side of the street) at 4723-25 S Vincennes Ave.
  • Location Details: Public Transport Avail, Freestanding/Urban, In City Limits

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Gas, Hot Water, Steam

Utilities

  • Sewer: Public Sewer
  • Water: Municipal Water
  • Trash: 2637
  • Onsite: Sewer Connected, Water Available

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Unfinished, Storage Space
  • Foundation: Concrete Perimeter
  • Roof: Membrane, Tar/Gravel
  • Stories/Levels: 3
  • Square Feet: 8,766
  • Current Bldg. Use: Multi-Family
  • Year Built: 1900
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 7
  • Units w/Range/Oven: 7

Lot Features

  • Lot Size (Acres): 0.14
  • Lot Size (Sq. Ft.): 6,062
  • Lot Dimensions: 50 x 125
  • Frontage: City Street
  • Potential Use: Condominium, Multi-Family
  • Zoning: MULTI

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Maint. Fee: $3,600
  • Insurance Fee: $7,091
  • Operating Expenses: $58,911
  • Other Fee: $3,600
  • Security Deposit: Fire Extinguisher/s, Smoke or Fire Protectors, Carbon Monoxide Detector(s)
  • Assessment Year: 1900
  • Tax Amount: $14,128
  • Tax Year: 2024
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Pays Electric: 1405
  • Pays Trash: 2637
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Documents Avail.: Rent Roll, Tax Bill, Title Report, Operating Statement
  • Property ID: 20102010030000

Listed by Essex 312, LLC

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— 4723 S Vincennes Ave —

  • Essex 312, LLC

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 4723 S Vincennes Ave

School District:Chicago Public School District 299
NameGradesDistance
Woodson South Elementary School
4414 South Evans Avenue, Chicago, IL 60653
PK-30.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4723 S Vincennes Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/16/2026
Listed
$1,125,000
125%
MLS
1/03/2018
Sold
$500,000
—
Public Record
Get Price Alerts and Save Property
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 for 4723 S Vincennes Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$8,679
—
$70,064
71%
2023
$8,679
3%
$41,000
—
2022
$8,459
2%
$41,000
—
2021
$8,269
24%
$41,000
37%
2020
$6,690
-18%
$30,031
-26%
2019
$8,146
2%
$40,546
—
2018
$8,009
16%
$40,546
26%
2017
$6,925
7%
$32,170
—
2016
$6,443
9%
$32,170
—
2015
$5,895
7%
$32,170
9%
2014
$5,500
2%
$29,643
—
2013
$5,391
1%
$29,643
—
2012
$5,319
—
$29,643
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Essex 312, LLC

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4723 S Vincennes Avenue, Chicago, IL 60615 (MLS# 12760248) is a Commercial property. 4723 S Vincennes Avenue is currently listed for $1,125,000 and was received on September 16, 2026. Want to learn more about 4723 S Vincennes 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.

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