4943 South Forrestville AvenueChicago, IL 60615Price: $1,895,000

  • Price: $1,895,000
  • 66 Days on Market
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Federal 30-year interest rate: 6.71% last updated on Jun 8, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1907Year Built

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One-of-A-Kind Unicorn, Gem Da la Gem Investment Opportunity set in Vibrant Bronzeville offering stately stabilized center entrance side by side 8 residential units + significant remote secured 8 parking spaces NOI $124,587 /6.5% CAP. Extensive gut renovation and notable capital improvements offer abundant choice for numerous investment objectives. Custom metal fabricated cornice, backup generator, oversized rear decks extensive masonry improvements, new water main, prolific professional landscaping, wifi enabled irrigiation system and more. Intelligent design, expansive floorplans, Unit Mix includes all 2 bedroom 2 Baths. Superior attention to detail in all aspects realized in high tenant retention rates. Refined living, endless appointments, professional grade kitchens, inspired bathrooms, individual HVAC, washer dryers in unit, custom closets, window treatments, dimmers, designer lighting, are a soft sampling of the exhausting list of unit features. Apartment reviews yielded a maintenance level rarely encountered. Palpable growth asset, meticulous attention to detail in all aspects from skilled scaled veteran ownership team. Transparent, comprehensive scope of work, capital improvements rent roll, lease schedules and full financials available on request. Exceptional location provides urban intimacy coupled with hyper-convenience and strong proximity to U of C, Lakefront, Rush Medical Center, Loop, Green Line, Expressways. 48 hours' notice M-F 10am to 4pm to show. Rare opportunity to obtain a sizeable AA turnkey footprint strategically positioned for continue long term growth.

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Listed by Staci Slattery and Karen Biazar of North Clybourn Group,Inc.

Based on information submitted to MRED  as of June 10, 2023 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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