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4846 S Saint Lawrence Avenue, Chicago, IL 60615
$2,875,000
4846 S Saint Lawrence Avenue, Chicago, IL 60615View this property at 4846 S Saint Lawrence Avenue, Chicago, IL 60615
4846 S Saint Lawrence AvenueChicagoIL60615
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Property Description
Exceptional investment opportunity in Bronzeville. Fully stabilized 6 unit building with high-end condo quality finishes. 2022 New Construction, intelligently designed all brick building, boasting an impressive 6.7% Cap Rate with $238,000+ gross income and NOI of $193,000. This property offers an absolute turnkey experience at the confluence of Bronzeville/Kenwood with all leases running into Spring 2024. Unit breakdown of (2) 1800 sqft three bed/two bath residences, (2) Penthouse 1950 sqft three bed/two bath residences and (2) 3000 sqft four bed/two & a half bath duplex residences. Each unit boasts private outdoor space with penthouse units getting private rooftop decks and garage roof rights for duplex units. 6 car garage (1:1) and exterior storage. The units in this luxury boutique building are distinguished by the finishes & details; hardwood floors, in unit laundry, central air/gas forced heat, video intercom, custom closets, window treatments throughout, and fireplaces with built-in shelving. Kitchens are all finished with quartz countertops & backsplash, breakfast bar overhang, stainless steel appliances, and custom cabinetry. Elevated primary suites with walk-in closets and double vanity with quartz countertops, and walk-in shower with rain shower head and bench. Both guest bedrooms have closets built out with custom organizers and guest bathroom has shower/tub combo. Duplex units include butler pantry on main level and heated floors in lower level. Happy tenants with sound barrier between floors with open cell foam, 1:1 garage parking, and exterior storage. The property is home to AAA tenants, ensuring a stabilized asset for investors seeking a secure and lucrative venture in the thriving Bronzeville real estate market.
Full Property Details
Full Property Details for 4846 S St Lawrence Ave
General
- Price: $2,875,000
- Taxes: $35,600 (2021)
- Status: Active
- Type: Commercial
- MLS ID: 11990904
- Updated: 3/4/2024
- Added to Site: 63 day(s) ago
Interior
- Fireplace: Yes
- Number of Fireplaces: 6
Location
- Area: CHI - Grand Boulevard
- County: Cook
- Township: Hyde Park
- Driving Directions: LSD to 47th Street to St. Lawrence, South to building
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Utilities
- Trash: 2440
Structural Information
- Exterior Const.: Brick
- Stories/Levels: 4
- Current Bldg. Use: Multi-Family
- Year Built: 2022
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 6
Lot Features
- Lot Dimensions: 50 x 125
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $4,150
- Operating Expenses: $45,290
- Assessment Year: 2022
- Tax Amount: $35,600
- Tax Year: 2021
- Tenant Pays: Electricity, Heat, Other
- Pays Electric: 750
- Pays Trash: 2440
Disclosures and Reports
- Property ID: 20102100320000
Listed by North Clybourn Group, Inc.
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Schools
Schools serving 4846 S St Lawrence Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
4414 S Evans Ave, Chicago, IL 60653 | K-8 | 0.6 mi | |
Dyett High School
555 E 51st St, Chicago, IL 60615 | 9-12 | 0.4 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 4846 S St Lawrence Ave
Date
Details
Price
Change
Source
2/27/2024
Listed
$2,875,000
576.47%
MLS
8/30/2006
Sold
$425,000
—
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 4846 S St Lawrence Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$2,192
2%
$10,625
—
2021
$2,143
-9%
$10,625
—
2020
$2,367
11%
$10,625
—
2019
$2,135
2%
$10,625
—
2018
$2,099
11%
$10,625
21%
2017
$1,884
7%
$8,750
—
2016
$1,753
9%
$8,750
—
2015
$1,603
15%
$8,750
17%
2014
$1,392
2%
$7,500
—
2013
$1,364
1%
$7,500
—
2012
$1,346
—
$7,500
—
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 4846 S St Lawrence Ave
4846 S Saint Lawrence Avenue, Chicago, IL 60615 (MLS# 11990904) is a Commercial property. 4846 S Saint Lawrence Avenue is currently listed for $2,875,000 and was received on February 27, 2024. Want to learn more about 4846 S Saint Lawrence 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.