4119 South Ellis Avenue, Chicago

4119 S. Ellis is a 23-unit building located on a quiet, tree-lined street amongst a variety of single-family townhomes. Situated in a premier location in Chicago's historic North Kenwood neighborhood, the asset is ideally located just blocks away from Lake Michigan, Williams-Davis Park, providing easy access to S.Lake Shore Dr. and Chicago's downtown. 4119 S. Ellis boasts an incredibly desirable unit mix, comprised of four (4) 2BD/1BA, six (6) 3BD/1BA, five (5) 3BD/2BA, and eight (8) 4BD/2BA units. All of which are incredibly spacious and have gone through varying degrees of updates both cosmetically and mechanically. 4119 S. Ellis provides investors with the unique opportunity to obtain a stabilized, cash-flowing asset in one of Chicago's most rapidly appreciating neighborhoods. From day one, an investor will realize an in-place cap rate of 7.07%. Additionally, an investor has the option to assume the existing debt (terms below) through Fannie Mae. 4119 S. Ellis: - $2,196,000 - 4.30% Rate - 6 Years Remaining