226 48Th StChicago, IL 60615

This exceptional, newly constructed (2023) six-unit multifamily property in Chicago's vibrant Bronzeville neighborhood presents a compelling investment opportunity. The Class A building boasts 10,000 square feet and features a mix of four simplex and two duplex units, each offering approximately 1,667 square feet of living space. All units include private storage and one off-street parking space per unit. Modern finishes are showcased throughout, including designer kitchen cabinets, large peninsulas, quartz countertops, stainless steel appliances, and hardwood floors. Separate living and dining rooms are featured on each floor, enhancing the appeal to renters. The property commands a strong net operating income (NOI) of $165,000, translating to an attractive 8.05% capitalization rate. The asking price is $2,050,000, or $341,667 per unit. The projected monthly rent roll is $15,400. A builder's warranty is included, providing peace of mind for the new owner. The property is ready for immediate occupancy, with delivery having occurred on October 1st, 2023. The potential for property management services is also available. Located at 226 E 48th St, Chicago, IL 60615, this property offers a rare combination of modern luxury, strong financial performance, and a prime location in a thriving market.