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29992813
29992814

4153 S Prairie Ave, Chicago, IL 60653

JC
IL 471006619
KWILL RE LLC
AM
IL 81013982
KWILL RE LLC
Listed by KWILL RE LLC
$975,000
97 days on market
Updated 64 days ago

Bronzeville Triplex Portfolio

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,500
Units 3
Cap Rate 6.72%
NOI $196,454
Occupancy 100%
Price per SqFt $216
Class A
Year Built 2024
Buildings 3
Stories 3
Lot Size (SqFt) 3,920
Parking Spaces 1 per unit
Investment Type Stabilized

Multifamily | 3 Units $325,000/unit

Marketing description

KWILL RE presents three newly constructed triplexes located at 4153, 4155, and 4157 S Prairie Avenue, representing a rare, stabilized investment opportunity in the heart of Bronzeville. Each building features three modern 3-bedroom, 2-bathroom units with in-unit laundry, enclosed parking, and high-end contemporary finishes. Constructed between 2023 and 2024, the assets are fully leased and performing, providing investors with immediate cash flow and minimal operational friction.

The opportunity for a purchaser is: 1) enjoy immediate cash flow from 100% occupied units; 2) new construction requires little capital requirements; and 3) in-place rents are at or below comparable properties, meaning rent growth is immediately available.

Ten minutes south of Downtown, Bronzeville is a rapidly appreciating neighborhood situated along Chicago’s famed Lakefront and blocks away from Washington Park, numerous cultural landmarks, and public transportation. It is bordered by Kenwood and Hyde Park, home to the prestigious University of Chicago.

Investment highlights

  • A rare, stabilized investment opportunity in the heart of Bronzeville.

  • The opportunity for a purchaser is: enjoy immediate cash flow from 100% occupied units; and new construction requires little capital requirements.

  • In-place rents are at or below comparable properties, meaning rent growth is immediately available

Listing Contacts

JC
IL 471006619
KWILL RE LLC
AM
IL 81013982
KWILL RE LLC
Listed by KWILL RE LLC

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$196,454.00
$16,371.17/mo

Valuation Metrics

0
DSCR
20.15%
Cap Rate
20.15%
ROI

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Additional Information

Name
John Coleman
License
471006619
Brokerage
KWILL RE, LLC
Title
Managing Director
Brokerage Address
661 West Lake Street
Name
AMAL MCCASKILL
License
81013982
Brokerage Phone
(646) 234-0706
Brokerage Address
661 West Lake Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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