Active
4840 S Indiana Avenue
Chicago IL, 60615
$4,900,000
Active
Multi-family
Built in 1900
Courtesy of North Clybourn Group, Inc.
Breathe Rare Air. The sellers of this property portfolio are not just seasoned investors; they are passionate visionary stewards with over 45 years of experience in branded high quality property development and management. Since 2007, they have meticulously curated each asset in the Bronzeville collection, focusing on longevity, quality, and the future potential of every investment. Every property reflects an unwavering commitment to excellence. From intelligent design choices to extensive renovations and improvements that prioritize durability, modernity, and lifestyle, they ensured no detail is overlooked. Their approach integrates a long-term vision with a hands-on philosophy, balancing aesthetic appeal and functionality while fostering strong tenant communities. A rare opportunity to obtain a sizeable AAA turnkey footprint from the best of the best. Welcome to 4834-46 S Indiana, An Exquisite, Curated, Panoramic Campus of the Bronzeville Collection spans up to 150 x 160.58 just over a 1/2 acre perfectly positioned in Dynamic Bronzeville. A Classic Chicago All Masonry 23 Unit walk up, The development team embraced this extensive undertaking showcasing superior craftsmanship and attention to detail with fully documented capital improvements and have hit every metric of turnkey asset offering abundant choice for numerous investment objectives. The scope of renovation and notable documented capital improvements interior and exterior include but not limited to extensive masonry & concrete, roof and gutters, common area and lobbies, deck system, central heating system, parking lot design and development, artesian sculptured iron fencing, inspired botanical garden park like setting rivaling arboretum status, zoned irrigation system inclusive of grounds and parkway controlled by app, flagstone pavers, exotic tree placards emulating the Chicago Botanical Gardens listing the origin, name and year planted, custom designed and built outdoor BBQ and picnic tables, and bike room Unit Mix offers diverse floor plans for every price point (1) 3-bedroom 1 bath (16) 2- bedroom 1 bath (3) 1 bedroom 1 bath (3) Junior 1 bedroom 1 bath Fluid integration of endless details and appointments, bathed in natural light with panoptic vistas, offer rich transitional and modernist kitchens, quartz and granite, intricate tile applications, accessory niches, resort caliber baths, hardwood floors, premium mill work, central hot water heating system with individual a/c, washer dryers in unit, custom closets organizers, window treatments, dimmers, hi style designer lighting, use of all garden and grounds, the common area rival boutique hotel luxury complete with professional grade art offer a branded lifestyle that resonates with discerning residents and a soft sampling of the exhausting list of building and unit features. Rarely vacant An unparalleled investment opportunity NOI 297,202k + option to get an additional botanic garden 4848 S Indiana 25 x 160 @ 125,000k SOME LOW LEVERED ASSUMABLE FINANCING POSSIBLE FOR QUALIFIED BUYERS. Please see brokers private remarks for additional scaling opportunities.
12275891
MLSⓇ ID
January 23, 2025
Listed
January 28, 2025
Updated
Map
4840 S Indiana Avenue
Chicago IL, 60615
Interior Features
Total Stories
4
Fireplace
No
Cooling
Yes
Cooling Description
Window Unit(s)
Heating
No
Exterior/Building Features
Lot Size
0.46 Acres
Other Property Details
Area Name
CHI - Grand Boulevard
Taxes
$27,207
Tax Frequency
Annually
Days on Market
6
Garage
No
View
No
County
Cook
Municipality
Hyde Park
Pool
No
Zoning
MULTI
Courtesy of North Clybourn Group, Inc., Karen Biazar,
Listing Contact: 773-252-0600
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Data last updated 7:42 AM UTC, 1/28/2025