4723 S Vincennes Avenue Chicago, IL $ 1,125,000
4723 S Vincennes Avenue
$ 1,125,000
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4723 S Vincennes Avenue

Chicago, IL, 60615
$ 1,125,000
Bedrooms5 Baths0.0 Sq 8,766

Monthly Estimate*

$ 7,103

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Multi-Family Home for sale in Chicago, IL

for $1,125,000 with 5 bedrooms. This 8,766 square foot home was built in 1900 on a lot size of 0.14.

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.

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Multi-Family Active

Price

$ 1,125,000

Bedrooms

5

Property Type

Multi-Family

Taxes

$ 14,128

Style

Multi-Family

Lot Size

0.14

Year Built

1900

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12760248

Features
General
Cooling None
Utilities Sewer Connected Water Available
Possession Closing
Roof Membrane Tar/Gravel
Zoning MULTI
Construction Materials Brick
Year Built 1900
Electric Circuit Breakers Separate Meters Service - 101 to 200 Amps
Tenant Pays Air Conditioning Electricity Heat
Stories Count 3
Township Hyde Park
Tax Year 2024
Current Use Multi-Family
Gross Income 136940
County Cook
Net Operating Income 71182
Operating Expense 58911
Insurance Expense 7091
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 3600
Possible Use Condominium Multi-Family
Status New
Directions From I-90/94 (Dan Ryan Expressway) take exit 53A for 47th St. Head east on W 47th St for approximately 0.8 miles then turn right (south) onto S Vincennes Ave. The property will be on the left (east s
City Chicago
Number Of Units Total 6
MLS Area CHI - Grand Boulevard
Lot Size Square Feet 6062
Green Building Verification Type Other
Tax Annual Amount 14128
Electric Expense 1405
Fuel Expense 10971
Trash Expense 2637
Water Sewer Expense 7673
Ok to Lease Month To Month
Additional Parcels Y/N N
Standard Status Active
Cap Rate 6.33
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Interior
Basement Unfinished Storage Space
Total Fireplaces 0
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Exterior
Water Source Municipal Water
Foundation Details Concrete Perimeter
Building Area Total 8766
Lot Dimensions 50x125
Lot Size Acres 0.14
Frontage Type City Street
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* Excluded Features
List By
Essex 312, Llc

Broker

quinn.pelayo19@gmail.com; quinnevans@essex312.com

Email

Affordability Calculator

$8,281
Per Month
86%
14%
0%
Monthly Principal & Interest
$7,103
Monthly Property Taxes
$1,177
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/16/2026$1,125,000 Listed Price

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4723 S Vincennes Avenue, Chicago, IL, 60615 is a Multi-Family Home for sale at $1,125,000 with 8,766 sqft and a lot size of 0.14. 4723 S Vincennes Avenue has 5 bedrooms, 0.0 baths, and was built in 1900. The property's zip code is 60615 which is in Chicago, IL