Basics
- Bedrooms: 15
- Bathrooms: 4
- Area: 4743 sq ft
- Lot size: 4025 sq ft
- Year built: 1892
Description
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Description:
Located in Chicago’s Bronzeville neighborhood, this brick greystone, built in 1892, offers 15 bedrooms, 4 bathrooms, and 4,743 square feet of living space on a 4,025 square foot lot. The property includes an unfinished basement and is currently partially occupied, with three units vacant and one unit tenant-occupied. Showings are available by appointment only.
Financial Snapshot
The property is offered at a marketing price of $645,000. The projected after-repair value (ARV) is $800,000, supported by recent comparable
- 4127 S Indiana Ave – 4 Unit, sold for $820,000 (08/22/2024)
- 4437 S Prairie Ave – Well-maintained 3 Unit, sold for $650,000 (01/16/2025)
Estimated rental income is $8,500 per month, with annual property taxes of $5,663.
Property Overview
This solid brick greystone features copper plumbing throughout and one remodeled unit with washer/dryer hookup (currently tenant-occupied). The structure has a rubber roof and offers investors the potential to modernize layouts or add additional bathrooms. With its strong bones and vintage architecture, this property presents both charm and scalability.
Investment Highlights
This is a strong value-add opportunity in a prime Bronzeville location. Investors can enhance value through unit upgrades, modernized layouts, and additional bathroom configurations. With an ARV of $800,000, reliable rental demand, and a projected $8,500 in monthly income, the property is well suited for a buy-and-hold strategy or a strategic repositioning play.
Market Context
Bronzeville continues to be one of Chicago’s most sought-after neighborhoods, fueled by ongoing redevelopment, cultural investment, and proximity to downtown. Home values in the area have appreciated steadily over the past five years, while rental demand remains strong among both working professionals and families seeking modernized units in historic greystones. The neighborhood benefits from its cultural landmarks, improved infrastructure, and proximity to public transit, ensuring long-term growth potential.
Terms
Cash or hard-money buyers only. Seller financing is not available. Closing deadline: October 14, 2025.
Contact
For all inquiries, showing requests, or additional information, please call 1-888-775-4570 or email sales@sharpedgeproperty.com.