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  • Price$1,300,000
  • Sq. Ft.15,170
  • Acres0.16
  • Built1894

4516 Vincennes Avenue, Chicago

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$1,300,000
  • Square Footage15,170
  • Acres0.16
  • Year Built1894
  • TypeCommercial
  • Sub-TypeMulti Family 5+
  • StatusPrice Change
  • Property Taxes$15,551

Amenities

  • Parking Spaces8

Additional Information

  • ZoningMULTI

Listing Details

  • Listing Office@properties Commercial

Community Information

  • Address4516 Vincennes Avenue
  • AreaCHI - Grand Boulevard
  • CityChicago
  • CountyCook
  • StateIL
  • Zip Code60653

Interior

  • HeatingForced Air, Gas
  • CoolingCentral Individual
  • FireplaceYes
  • # of Fireplaces6
  • Stories3

Additional Information

  • ZoningMULTI

Price Change History for 4516 Vincennes Avenue, Chicago, IL (MLS® #10585187)

Date Details Change
Status Changed from Active to Price Change
Price Reduced from $1,400,000 to $1,300,000 $100,000 (7.14%)
Status Changed from Re-activated to Active
Status Changed from Contingent to Re-activated
Status Changed from Active to Contingent
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