43 Units | Bronzeville | 8% Cap 4817 S King Dr Immeuble residentiel 43 lots 5 051 358 € (117 473 €/Lot) Taux de capitalisation 8,04 % Chicago, IL 60615

Kiser Group is pleased to exclusively offer for purchase the sale of 4817 S. King, a pristine forty-three (43) unit property tucked away in the Bronzeville neighborhood of Chicago’s South Side. The subject site sits directly in the core of one of Chicago’s most rapidly expanding neighborhoods and is roughly one (1) block away from Chicago’s Green Line, “El”, train station at 47th.
4817 S. King has a desirable unit mix consisting of one (1) studio, twenty-two (22) 1Bd/1Ba units, nineteen (19) 2Bd/1Ba units, and one (1) 3Bd/2Ba unit. All of which have spacious layouts and have tastefully updated kitchens and baths. Recent capital improvements include, but are not limited to: modern Weil McLain boiler with R&D control system (2024), brand new hot water tanks (2025), new windows, and an on-site laundry facility.
4817 S. King presents an investor an incredible opportunity to acquire a stabilized, cash-flowing asset in Chicago’s Historic Bronzeville neighborhood. With the current operation from day one, an investor will realize a 8% cap rate and a 9.40% cash return. By increasing rent already achieved in the area, an investor can achieve a cap rate of 9.27% and a 14.32% cash return.