4612 S Lake Park Ave Chicago, IL 60653
48-unit multifamily property in Chicago's historic Kenwood neighborhood.
Type:Multifamily
Property size:
50,200 SF- Added:
- Feb 23, 2026
- Days on Market:
- 37
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 4612 S Lake Park Ave
General Information
- Standard status
- Active
- Size
- 50,200 SF
- Property subtype
- Multifamily
Listing agent Noah Birk License #IL 475.125864
Listing office Kiser Group
Listing date Feb 23, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Kiser Group
Overview
Kenwood Multifamily Asset Opportunity
Located in the heart of Chicago’s historic Kenwood neighborhood, 4612 S. Lake Park Ave is a forty-eight (48) unit multifamily asset. The property is situated along the Lake Park Avenue corridor, steps from Lake Michigan and nearby green space, while offering convenient access to S. Lake Shore Drive and Chicago’s downtown core. The unit mix is comprised of thirty-seven (37) 2Bd/1Ba units and eleven (11) 3Bd/1Ba units. Units are well-maintained and spacious, offering layouts that appeal to the area’s strong renter demographic. The property size is 50200 square feet.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.5949679
- Latitude
- 41.8106105
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 48-unit multifamily property in Chicago's historic Kenwood neighborhood.
Where is this apartment building located?
The property is located at 4612 S Lake Park Ave Chicago, IL.
What is the asking price?
The asking price for this property is $11,200,000.
What are key features of this property?
This property features: Stabilized, cash‑flowing 48‑unit multifamily asset with an in‑place 7.54% cap rate and 7.99% cash return.; Opportunity to achieve a proforma 8.68% cap rate and 12.54% cash return through rent growth.; Located in Chicago’s historic Kenwood neighborhood, a sought‑after and appreciating South Side location.
