Description
One-of-A-Kind Unicorn Investment Opportunity set in Vibrant Bronzeville offering stately stabilized center entrance side by side 8 residential units + significant remote secured 8 parking spaces. 100% Controlling Interest NOI $124,873 /6.9 % CAP. Extensive gut renovation and notable capital improvements offer abundant choice for numerous investment objectives. Double custom metal fabricated cornice, backup generator, cable heated gutter, new rear decks full plans and permits, extensive masonry improvements, roof, skylight replacement, prolific professional landscaping and more. Intelligent design, expansive and diverse floorplans, unit mix offering includes 5 floor plans : (2) extraordinary 4-bedroom 2 bath (1) exceptional 3-bedroom 2 bath (2) Expansive 2-bedroom 2 baths (1) Equally Expansive 2-bedroom 1.5 bath, (2) Quality 2 bedroom 1 baths. Superior attention to detail in all aspects realized in high tenant retention rates. Refined living, endless appointments, professional grade kitchens, inspired bathrooms, individual HVAC, washer dryers in unit, custom closets, window treatments, dimmers, designer lighting, are a soft sampling of the exhausting list of unit features. Apartment reviews yielded a maintenance level rarely encountered. The opportunity to scale further can be packaged with neighboring fully stabilized 22 units + 10 parking spaces @ 4950 S King NOI $279,236/7 CAP, 4954-58 S King 8 Units + 4945 S Calumet $157,698/7 CAP inclusive of immediately adjacent, expertly over-engineered 17 car parking lot, cement paved, lined, remote secured access, professionally landscaped with irrigation system. Parking System built-out with full plans and permits for permitted use. And/or @ $375,000 for 350 E 50th Value Add Center Entry Side by Side 6 residential Units, each with individual pins. This value-add hybrid requires complete renovation and framed as 2-bedroom 2 bath inclusive of architectural plans designed as 8, envisioning 2 additional units below grade. All units are vacant, not habitable. The 350 E 50th envelope is adjacent 4954-58 S King and under governing HOA as ADD on. Can be annexed but must be done post-closing by purchaser (s) and must be sold with 4954-58 King /4945 S Calumet.Palpable expansion opportunities, attention to detail in all aspects from skilled scaled veteran ownership team. Transparent, comprehensive scope of work, capital improvements rent roll, lease schedules and full financials available on request. Exceptional location provides urban intimacy coupled with hyper-convenience and strong proximity to U of C, Lakefront, Rush Medical Center, Loop, Green Line, Expressways. 48 hours' notice M-F 10am to 4pm to show. Rare opportunity to obtain a sizeable AA turnkey footprint strategically positioned for continue long term growth.
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School Ratings & Info
Description
One-of-A-Kind Unicorn Investment Opportunity set in Vibrant Bronzeville offering stately stabilized center entrance side by side 8 residential units + significant remote secured 8 parking spaces. 100% Controlling Interest NOI $124,873 /6.9 % CAP. Extensive gut renovation and notable capital improvements offer abundant choice for numerous investment objectives. Double custom metal fabricated cornice, backup generator, cable heated gutter, new rear decks full plans and permits, extensive masonry improvements, roof, skylight replacement, prolific professional landscaping and more. Intelligent design, expansive and diverse floorplans, unit mix offering includes 5 floor plans : (2) extraordinary 4-bedroom 2 bath (1) exceptional 3-bedroom 2 bath (2) Expansive 2-bedroom 2 baths (1) Equally Expansive 2-bedroom 1.5 bath, (2) Quality 2 bedroom 1 baths. Superior attention to detail in all aspects realized in high tenant retention rates. Refined living, endless appointments, professional grade kitchens, inspired bathrooms, individual HVAC, washer dryers in unit, custom closets, window treatments, dimmers, designer lighting, are a soft sampling of the exhausting list of unit features. Apartment reviews yielded a maintenance level rarely encountered. The opportunity to scale further can be packaged with neighboring fully stabilized 22 units + 10 parking spaces @ 4950 S King NOI $279,236/7 CAP, 4954-58 S King 8 Units + 4945 S Calumet $157,698/7 CAP inclusive of immediately adjacent, expertly over-engineered 17 car parking lot, cement paved, lined, remote secured access, professionally landscaped with irrigation system. Parking System built-out with full plans and permits for permitted use. And/or @ $375,000 for 350 E 50th Value Add Center Entry Side by Side 6 residential Units, each with individual pins. This value-add hybrid requires complete renovation and framed as 2-bedroom 2 bath inclusive of architectural plans designed as 8, envisioning 2 additional units below grade. All units are vacant, not habitable. The 350 E 50th envelope is adjacent 4954-58 S King and under governing HOA as ADD on. Can be annexed but must be done post-closing by purchaser (s) and must be sold with 4954-58 King /4945 S Calumet.Palpable expansion opportunities, attention to detail in all aspects from skilled scaled veteran ownership team. Transparent, comprehensive scope of work, capital improvements rent roll, lease schedules and full financials available on request. Exceptional location provides urban intimacy coupled with hyper-convenience and strong proximity to U of C, Lakefront, Rush Medical Center, Loop, Green Line, Expressways. 48 hours' notice M-F 10am to 4pm to show. Rare opportunity to obtain a sizeable AA turnkey footprint strategically positioned for continue long term growth.
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