A
Seller's Agent in 2021
Austin Parker
Realty ONE Group Leaders
4527 S Evans Ave Chicago, IL 60653
Grand Boulevard Neighborhood
10
Beds
7
Baths
--
Sq Ft
3,920
Sq Ft Lot
Highlights
- Greystone Architecture
- Forced Air Heating System
- 5-minute walk to Armstrong Park
About This Home
As of August 2021Kiser 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%.
Last Agent to Sell the Property
Austin Parker
Realty ONE Group Leaders License #475188720 Listed on: 03/15/2021
Co-Listed By
Noah Birk
Kiser Group Realty Inc License #475125864
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,731
Year Built
- Built in 1895 | Remodeled in 2017
Lot Details
- 3,920 Sq Ft Lot
- Lot Dimensions are 24 x 171
Home Design
- Greystone Architecture
- Rubber Roof
- Stone Siding
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Potential Bedrooms
- 7 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
Parking
- 4 Parking Spaces
- Off-Street Parking
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
Overview
- 3 Units
Building Details
- Electric Expense $332
- Insurance Expense $2,400
- Maintenance Expense $1,000
- Water Sewer Expense $2,280
- Gross Income $71,460
- Net Operating Income $59,717
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/06/2021 08/06/21 | Sold | $750,000 | -6.1% | -- | |
| 05/31/2021 05/31/21 | Pending | -- | -- | -- | |
| 04/27/2021 04/27/21 | Price Changed | $799,000 | -3.2% | -- | |
| 03/15/2021 03/15/21 | For Sale | $825,000 | +292.9% | -- | |
| 11/29/2016 11/29/16 | Sold | $210,000 | +7.7% | -- | View Prior Sale |
| 11/14/2016 11/14/16 | Pending | -- | -- | -- | |
| 11/14/2016 11/14/16 | Price Changed | $195,000 | -7.1% | -- | |
| 10/31/2016 10/31/16 | Off Market | $210,000 | -- | -- | |
| 09/08/2016 09/08/16 | For Sale | $195,500 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
N
Seller Co-Listing Agent in 2021
Noah Birk
Kiser Group Realty Inc
-
Ronan McBrien
R
Buyer's Agent in 2021
Ronan McBrien
Second City Real Estate
(847) 344-0065
1 in this area
24 Total Sales
-
Tammy Jackson
Seller's Agent in 2016
Tammy Jackson
KM Realty Group, LLC
(773) 332-0722
6 in this area
77 Total Sales
-
Brande Guilmette-Hampton
Buyer's Agent in 2016
Brande Guilmette-Hampton
Centered International Realty
(312) 806-3026
1 in this area
75 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11021641
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