4953-55 S. Calumet
SOLD!
One-of-A-Kind Unicorn Investment Opportunity set in Vibrant Bronzeville offering stately stabilized center entrance side by side 8 residential units + significant remote secured 8 parking spaces. 100% Controlling Interest NOI $126,532 /6.9 % CAP. Extensive gut renovation and notable capital improvements offer abundant choice for numerous investment objectives. Double custom metal fabricated cornice, backup generator , cable heated gutter, new rear decks full plans and permits, extensive masonry improvements, roof, skylight replacement, prolific professional landscaping and more. Intelligent design, expansive and diverse floorplans, unit mix offering includes 5 floor plans : (2) extraordinary 4-bedroom 2 bath (1) exceptional 3-bedroom 2 bath (2) Expansive 2-bedroom 2 baths (1) Equally Expansive 2-bedroom 1.5 bath, (2) Quality 2 bedroom 1 baths. Superior attention to detail in all aspects realized in high tenant retention rates. Refined living, endless appointments, professional grade kitchens, inspired bathrooms, individual HVAC, washer dryers in unit, custom closets, window treatments, dimmers, designer lighting, are a soft sampling of the exhausting list of unit featur es. Apartment reviews yielded a maintenance level rarely encountered.
The opportunity to scale further can be packaged with neighboring fully stabilized 22 units + 10 parking spaces @ 4950 S King NOI $279,236/7 CAP, 4954-58 S King/350 E 50th 14 units NOI $149,939 inclusive of immediately adjacent, expertly over-engineered 17 car parking lot, cement paved, lined, remote secured access, professionally landscaped with irrigation system. Parking System built-out with full plans and permits for permitted use. 350 E 50th portion is a Value Add Center Entry Side by Side 6 residential Units, each with individual pins. This value -add hybrid requires complete renovation and framed as 2 -bedroom 2.1 bath inclusive of architectural plans designed as 8, envisioning 2 additional units below grade..Palpable expansion opportunities, attention to detail in all aspects from skilled scaled veteran ownership team. Transparent, comprehensive scope of work, capital improvements rent roll, lease schedules and full financials available on request. Exceptional location provides urban intimacy coupled with hyper-convenience and strong proximity to U of C, Lakefront, Rush Medical Center, Loop, Green Line, Expressways. 48 hours’ notice M-F 10am to 4pm to show. Rare opportunity to obtain a sizeable AA tur nkey footprint strategically positioned for continued long term growth.