4153 S Prairie Ave, Chicago, IL 60653
Three fully leased, new construction triplexes in Bronzeville.
- Added:
- Feb 27, 2026
- Days on Market:
- 129
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 4153 S Prairie Ave
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2024
Listing office KWILL RE LLC
Listing date Feb 27, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of KWILL RE LLC
HighLights
- Immediate cash flow from 100% occupied units.
- New construction (2023‑2024) minimizes capital requirements.
- In‑place rents are below market, offering immediate rent growth potential.
- Each unit features 3 bedrooms and 2 bathrooms with in‑unit laundry.
- Located in rapidly appreciating Bronzeville, 10 minutes from Downtown and close to the lakefront, Washington Park, and public transportation.
- Enclosed parking is available for tenants.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.4k | $25.20 |
| − Vacancy | −$6.2k | −$1.39 |
| EGI | $107.2k | $23.81 |
| − OpEx | −$32.1k | −$7.14 |
| NOI | $75.0k | $16.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6194179
- Latitude
- 41.8186056
