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sales rep | Brivity IDX

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4723 S Vincennes Ave , Chicago, IL 60615
$1,125,000
Est. Payment: $6,036.16/mo
8766 Sqft
0.14 Acres
Status: active | Days on site: 13
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88183 - 1017906
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House Description

4723-25 S. Vincennes Avenue is a six-unit plus one non- conforming multifamily investment opportunity located in the heart of Bronzeville, one of Chicago's most historic and rapidly evolving neighborhoods. Comprised of exceptionally large apartment layouts, the property features three 2-bedroom/1- bathroom units, three 3-bedroom + den/1-bathroom units, and one non-conforming garden unit consisting of a 2-bedroom/1-bathroom apartment. The asset presents a compelling value-add opportunity through interior renovations and strategic unit reconfiguration. Given the substantial unit sizes, investors have the ability to modernize the apartments while potentially adding additional bathrooms and creating more desirable 3-bedroom/2-bathroom layouts. Beyond the in-place rental upside, investors have multiple opportunities to further enhance value, including the potential to reconfigure the three oversized units, add additional bathrooms, and pursue a potential condominium conversion, subject to applicable zoning, approvals, and city requirements. The property also includes a non-conforming garden apartment that is currently leased and provides additional rental income. Combining below-market rents, substantial apartment layouts, and multiple value- add strategies, 4723-25 S. Vincennes Avenue presents an attractive opportunity to increase rental income and enhance the overall value of the asset in one of Chicago's established South Side neighborhoods.

Highlights

Listed by Quinn Evans , 224-244-3098 Essex 312, LLC , 773-305-4858. Midwest Real Estate Data mls logo

Property Type

Multi-Family

Lot/Acreage
0.14

Year Built

1900

County

Cook

Area

CHI - Grand Boulevard

Listing ID

12760248

Questions about this listing?

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Interior Features

Basement:Unfinished,Storage Space
Water:Municipal Water

Exterior Features

Lot Dimensions:50x125
Zoning:MULTI
Roof:Membrane,Tar/Gravel
Sewer:Public Sewer
Parking Features:None On Site,1-5 Spaces
Principal Interest
$6,036
Taxes
$1,177

Home Price

$1,125,000

Loan Details

30 yrs
7.08%

Down Payment

20%
$225,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,036.16

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,036.16 $1,177.33 $0.00 $7,213.49
Yearly $72,433.86 $14,128.00 $0.00 $86,561.86
Total $2,173,015.88 $423,840.00 $0.00 $2,596,855.88
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Master Chief
Lender
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Market insight data is pulled from the same city as the listing being viewed (Chicago, IL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MRED as of the date listed below. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. Some listings have been excluded from this website.

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Data last updated: 2026-10-27T04:57:04.000Z

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