4543 St Lawrence Ave Chicago, IL 60653

Property Details for 4543 St Lawrence Ave

Property type

Residential income homes

Description

This exceptional multifamily investment opportunity presents a fully renovated six-unit building in Chicago's vibrant Bronzeville neighborhood. The property, located at 4543 S St Lawrence Ave, boasts a compelling combination of modern amenities and strong projected returns. Completed in 2024, this four-story building comprises a mix of unit sizes designed to maximize rental income. The unit configuration includes two spacious two-bedroom, two-bathroom duplex units, two luxurious two-bedroom, one-bathroom simplex units, and two modern one-bedroom, one-bathroom units. The projected monthly rent roll is $10,600, generating a projected annual net operating income (NOI) of $116,000 and a pro-forma capitalization rate of 9.67%. The asking price is $1,200,000, or $200,000 per unit. This represents a compelling value proposition in a highly desirable location. The property is currently vacant, allowing for immediate occupancy and income generation. This is a turnkey investment opportunity with significant upside potential in a rapidly appreciating market. The building is classified as Class B and is a single-family rental portfolio. The property is ready for immediate occupancy. This is a rare opportunity to acquire a fully renovated, high-performing multifamily asset in a prime Chicago location.