Active · For Sale · Multi Family 5+

4711 S Greenwood Avenue, Chicago, IL 60615

MLS #12758275

4711 S Greenwood Avenue, Chicago, IL 60615
4711 S Greenwood Avenue, Chicago, IL 60615CRER
4711 S Greenwood Avenue, Chicago, IL 60615

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4711 S Greenwood Avenue, Chicago, IL 60615

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The property

Executive summary

Finally available! Where the Hot Bronzeville/Woodlawn/Kenwood/Hyde Park Neighborhoods intersect sits this "Value-Add" 7 Unit investment opportunity. 4 Units, now vacant, have been Occupied by family members for several decades with the 3 remaining units on MTM/ below market rentals. Many of the original features are still intact: Pocket Doors, Paneled Walls, Butlers Pantry, Built in China Cabinets and Bookcases, French Doors, Cofferred Ceilings, Decorative Fireplaces, Tile floor staircases, Sunrooms, Jack and Jill Baths, Crown Molding! With a newer roof, central stairwell skylight and updated circuit breakers, the Building has 'Great Bones', making it a fabulous candidate for Value Add updates and cosmetic work, optimizing rentals to current market rates. Easy Access to Public Transportation, University of Chicago and the University of Chicago Medical Center, the Obama Library and the Lakefront.

Investor Resource

Property Intelligence

Financial Snapshot

Reported Annual Income
$133,200
Reported Annual Expenses
$35,043
Estimated NOI
$98,157
Estimated Cap Rate
5.10%
Estimated GRM
14.45
Annual Taxes
$11,217 (2025)

Property Details

Units
7
Building Size
7,830 SF
Lot Size
5,243 SF
Lot Dimensions
49x101
Stories
4
Year Built
1919
Building Age
Older
Construction
Brick, Stone, Limestone
Zoning
MULTI
Parcel Number
20111040290000

Operations & Utilities

Heating
Central Heat/Indiv Controls, Forced Air, Gas
Cooling
None
Tenant Pays
Electricity, Heat
Electric
Circuit Breakers
Water Source
Municipal Water
Possession
Closing

Location & Use

County
Cook
Market Area
Chicago - Kenwood

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.