4527 Evans Avenue, Grand Boulevard, Chicago, Illinois 60653
$750,000
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Sold
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| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 10 |
| Baths: | 7 |
| Year Built: | 1895 |
| Property Taxes: | $5,731 |
| Days On Market: | 1651 |
| Lot Size: | 0,09 |
Description
Kiser Group is pleased to exclusively offer for purchase 4527 S. Evans, an absolutely beautiful three (3) unit Greystone located in Chicago's highly coveted Bronzeville neighborhood. Over the years, Bronzeville has seen a surge in demand and development. With easy access to Chicago's Downtown and close proximity to Hyde Park, Bronzeville has quickly become one of the most desirable neighborhoods for both renters and homeowners in Chicago's South Side. Built in 1895 and completely restored just years ago, 4527 S. Evans consists of an incredibly attractive unit mix featuring two (2) 3b/2ba units, and one (1) 4b/3ba unit. All of which, however, have been meticulously designed and completely rehabbed. Furthermore, each unit is equipped with modern designs and sleek kitchens and baths. Additionally, all of the units are equipped with in-unit washer and dryers. In addition to the high end, condo-like finishes, recent improvements to the building consist of, but not limited to: a full update to the buildings electric, all new plumbing, HVAC, windows, masonry and tuckpointing, as well as a beautiful steel porch. 4527 S. Evans offers an investor or owner occupant the perfect opportunity to acquire a positive, cash-flowing asset or option to live 'rent free' with an incredibly low expense structure. From day one, the asset 's next owner will inherit a fully occupied property with 0 vacancies over the years and realize an in-place 7.24% cap rate. Furthermore, and by stabilizing the long term, under market rents to market rate levels, there is an opportunity to achieve over a 7.5% cap rate along with a double digit yearly return on investment of nearly 15%.
Property Specifics
| Multi-unit | |
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| 1895 | |
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| No | |
| 0.09 |
| Cook | |
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| — / — | |
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| 11021641 | |
| 20034200090000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 29 Nov, 2016 | Sold | $210,000 | MRED MLS |
| 14 Nov, 2016 | Under contract | $195,000 | MRED MLS |
| 8 Sep, 2016 | Listed for sale | $195,500 | MRED MLS |
| 6 Aug, 2021 | Sold | $750,000 | MRED MLS |
| 31 May, 2021 | Under contract | $799,000 | MRED MLS |
| — | Last price change | $825,000 | MRED MLS |
| 15 Mar, 2021 | Listed for sale | $825,000 | MRED MLS |
Room Specifics
Total Bedrooms: 10
Bedrooms Above Ground: 10
Bedrooms Below Ground: 0
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Full Bathrooms: 7
Bathroom Amenities: —
Bathroom in Basement: —
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Other Specifics
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| 24 X 171 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2016 | $3,089 |
| 2021 | $5,731 |
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Listing Provided By
Kiser Group Realty Inc
