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821 E 49th St
Chicago, IL 60615 Bronzeville

$6,200,000 USD

Apartments For Sale  •  40,006 SF

Property Details

  • Property Type Apartments
  • Total Building Size 40,006 SF
  • Lot Size 0.49 AC
  • Building Class C
  • Year Built 1916
  • Cap Rate 7.12 %
  • Zoning RM-5
66 Transit Score
77 Walk Score

Highlights

UNIT MIX: 12 Studio, 24 One-Bedroom/One-Bath, Six Two-Bedroom/One-Bath, Six Three-Bedroom/Two-Bath
BUILDING FEATURES: On-Site Laundry, Individually Metered Utilities
HAP CONTRACT: Rental income is very consistent and roughly 80% subsidized by HUD’s section 8 rental assistance program
include a new roof, updated mechanical systems, and an array of interior cosmetic improvements.
Cap Rate: 7.12 %

Amenities

  • Gated
  • Tile Floors
  • Refrigerator
  • Carpet

Public Transportation

Commuter RailDriveWalkDistance
47Th Street Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min 20 min 1.0 mi
53Rd Street Hyde Park Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 3 min - 1.4 mi
Transit/SubwayDriveWalkDistance
51St Street Station (Green Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 17 min 0.9 mi
47Th Street Station (Green Line) (Green Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 19 min 1.0 mi
AirportDriveWalkDistance
Chicago Midway International 17 min - 8.5 mi
Chicago O'Hare International 38 min - 23.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Kyle Stengle 312-327-5455 Marcus & Millichap
Kyle Stengle 312-327-5455 Marcus & Millichap