TPAL – 4348-58 S Prairie/218-224 E 44th
Welcome to TPAL, The Prairie Ave Lofts, a Crown Jewel of the Bronzeville Collection spans 125 x 160.58 just under a ½ acre perfectly positioned on a prime corner in well located high growth Bronzeville ¼ block to Green Line and Pendleton Park. An Iconic Classic Chicago All Masonry 31-unit prominent walk up with distinctive 5 entrances, steel rear decks, private all masonry entertainment size front terraces plus 19 gated parking spaces. A complete gut renovation, electric, plumbing, roof, windows, unit interiors with meticulous attention to detail . The development team embraced this extensive undertaking showcasing superior craftsmanship and attention to detail with fully documented capital improvements and have hit every metric of turnkey asset offering abundant choice for numerous investment objectives. TPAL is a true testament to timeless design and modern functionality.
TPAL’s expansive ,intelligent and diverse floor plans feature:
- (4) Stunning 3-bedroom, 2.5-bath duplexes that feel like single-family homes.
- (1) Spacious 4-bedroom, 2-bath simplex.
- (14) Elegant 2-bedroom, 2-bath units.
- (14) Highly sought-after 1-bedroom + den, 1-bath layouts.
Fluid integration of endless details and appointments consistent throughout, Sophisticated open flow, professional modernist kitchens, full back splash, under cabinet lighting, quartz and granite, intricate tile applications, accessory niches, vessel sinks with banjo granite, hardwood floors laid on diagonal, exposed brick, premium mill work, individual HVAC, washer dryers in unit, custom closets organizers, window treatments, dimmers, hi style designer lighting, heated floors, private attached walk out entertainment size masonry terraces and oversized steel decking, common area rival boutique hotel luxury, skylights, commercial grade glass entry, art deco tile, professional grade art offer a branded lifestyle that resonates with discerning residents and a soft sampling of the exhausting list of building and unit features. Rarely vacant 100% occupied. An unparalleled investment opportunity.
$9,488,000 /NOI $602,514.29, CAP Rate 6.35% – Assumable financing opportunity based on 30-day SOFR possible.
