For Sale
$1,200,000

4543 St Lawrence Ave Chicago, IL 60653

Fully rehabbed 6-unit building, high projected NOI.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional multifamily investment opportunity presents a fully renovated six-unit building in Chicago's vibrant Bronzeville neighborhood. The property, located at 4543 S St Lawrence Ave, boasts a compelling combination of modern amenities and strong projected returns. Completed in 2024, this four-story building comprises a mix of unit sizes designed to maximize rental income. The unit configuration includes two spacious two-bedroom, two-bathroom duplex units, two luxurious two-bedroom, one-bathroom simplex units, and two modern one-bedroom, one-bathroom units. The projected monthly rent roll is $10,600, generating a projected annual net operating income (NOI) of $116,000 and a pro-forma capitalization rate of 9.67%. The asking price is $1,200,000, or $200,000 per unit. This represents a compelling value proposition in a highly desirable location. The property is currently vacant, allowing for immediate occupancy and income generation. This is a turnkey investment opportunity with significant upside potential in a rapidly appreciating market. The building is classified as Class B and is a single-family rental portfolio. The property is ready for immediate occupancy. This is a rare opportunity to acquire a fully renovated, high-performing multifamily asset in a prime Chicago location.

Highlights

  • June delivery: Fully renovated six-unit building.
  • Unit mix: two 2-bed/2-bath duplexes, two 2-bed/1-bath units, and two 1-bed/1-bath units.
  • Projected monthly rent: $10,600.
  • Excellent location; complete gut renovation.

Property Details for 4543 St Lawrence Ave

Property type
Residential income homes
Class
B
Year Renovated
2024
Buildings
1
Stories
4
Units
6

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8118676
Longitude
-87.6112204

FAQs

What type of property is this?
Residential income home - Fully rehabbed 6-unit building, high projected NOI.
Where is the residential income home located?
The property is located at 4543 St Lawrence Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: June delivery: Fully renovated six-unit building.; Unit mix: two 2-bed/2-bath duplexes, two 2-bed/1-bath units, and two 1-bed/1-bath units.; Projected monthly rent: $10,600.
How can I contact the broker?
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4543 St Lawrence Ave
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