4516 Vincennes Avenue, Chicago

$1,400,000

0 Beds
0 Baths
15,170 Sqft
.16 Acres
0 Garages

Own this 8-unit condo building located one block east of the historic and picturesque King Drive in the highly sought after Bronzeville neighborhood. Converted to condominiums in the early 2000s, the building's excellent unit mix consists of (4) Three Bed - Two Bath approx 1434 sq ft, (2) Two Bed with Den - Two Bath approx 1345 sq ft and (2) Two Bed - Two Bath approx approx 1300 sq ft. Each unit features hardwood floors throughout, granite counter-tops, stainless steel appliances, in-unit laundry, gas forced heat, central air conditioning and secured gated parking in the rear. An investor can purchase the subject property and deconvert back to an apartment building or with minor cosmetic updates, exit the investment through the sale of individual condos on a retail basis. Easy access to Hyde Park, Lake Shore Drive, Gallery Guichard, 90/94, Mariano's, the University of Chicago, public transportation and 15 minutes from downtown Chicago. Currently 6 units are rented and two are owner occupied. By leasing the two owner-units, you achieve an in-place cap rate of 7.9%. Schedule your private tour today!

Essential Information
MLS® #10585187
Price$1,400,000
Square Footage15,170
Acres0.16
Year Built1894
TypeCommercial
Sub-TypeMulti Family 5+
StatusActive
Community Information
Address4516 Vincennes Avenue
AreaCHI - Grand Boulevard
CityChicago
CountyCook
StateIL
Zip Code60653
Amenities
Parking Spaces8
Interior
HeatingGas, Forced Air
CoolingCentral Individual
FireplaceYes
# of Fireplaces6
Stories3
Additional Information
ZoningMULTI
Listing Details
Office@properties Commercial
Property History
Status Changed from Re-activated to Active
Status Changed from Contingent to Re-activated
Status Changed from Active to Contingent
Status Changed from New to Active
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Listing information last updated on May 31st, 2020 at 7:05am CDT.