Multifamily

4534 S Ellis Ave

4534 S Ellis Ave, Chicago, IL 60653

Listing Price: $1,600,000

Cap Rate
6.73%
Number of Units
8
Price/Unit
$200,000
Price/Gross SF
$111.30
Gross SF
14,375

Investment Overview

Marcus & Millichap is pleased to present this multifamily opportunity in the Kenwood neighborhood of Chicago, Illinois. The subject property consists of eight spacious apartments and secure outdoor parking. The apartments feature granite countertops, upgraded bathrooms with walk-in showers, in-unit laundry, and hardwood floors throughout. The subject property is a four-minute walk to Chicago Transit Authority’s (CTA) number 47 bus stop, and a six-minute walk to CTA’s number 4 bus stop. The property is also within a 15-minute walk of the 47th St (Kenwood) Metra train line stop. 4534 South Ellis is located in the Kenwood neighborhood of Chicago, Illinois. Similar to Hyde Park, directly south of this neighborhood, Kenwood is home to a lot of historic architecture, mainly in the Art Deco style built in the 1920s. There are also local museums, national and local retailers, galleries, and numerous schools.

Investment Highlights

  • Apartments Feature Upgraded Kitchens and Bathrooms, In-Unit Laundry, and Hardwood Floors Throughout
  • Master Bathrooms Feature Separate Tub and Showers
  • Every Unit Has Separate Gas and Electric
  • Within Walking Distance of CTA and Metra
  • Excellent Kenwood Neighborhood Location
  • Eight Large Apartments with Secure Outdoor Parking
  • Gut Rehabbed in 2010

Exclusively Listed By

Listing Price: $1,600,000

Cap Rate
6.73%
Number of Units
8
Price/Unit
$200,000
Price/Gross SF
$111.30
Gross SF
14,375

Investment Highlights

  • Apartments Feature Upgraded Kitchens and Bathrooms, In-Unit Laundry, and Hardwood Floors Throughout
  • Master Bathrooms Feature Separate Tub and Showers
  • Every Unit Has Separate Gas and Electric
  • Within Walking Distance of CTA and Metra
  • Excellent Kenwood Neighborhood Location
  • Eight Large Apartments with Secure Outdoor Parking
  • Gut Rehabbed in 2010

Investment Overview

Marcus & Millichap is pleased to present this multifamily opportunity in the Kenwood neighborhood of Chicago, Illinois. The subject property consists of eight spacious apartments and secure outdoor parking. The apartments feature granite countertops, upgraded bathrooms with walk-in showers, in-unit laundry, and hardwood floors throughout. The subject property is a four-minute walk to Chicago Transit Authority’s (CTA) number 47 bus stop, and a six-minute walk to CTA’s number 4 bus stop. The property is also within a 15-minute walk of the 47th St (Kenwood) Metra train line stop. 4534 South Ellis is located in the Kenwood neighborhood of Chicago, Illinois. Similar to Hyde Park, directly south of this neighborhood, Kenwood is home to a lot of historic architecture, mainly in the Art Deco style built in the 1920s. There are also local museums, national and local retailers, galleries, and numerous schools.

Exclusively Listed By

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