Properties

Features
: None
: Storage Space , Unfinished
: Public Sewer
: Sewer Connected , Water Available
Address Map
US
IL
Cook
Chicago
60615
Vincennes
4723
Avenue
W88° 23' 10.5''
N41° 48' 31.5''
From I-90/94 (Dan Ryan Expressway), take exit 53A for 47th St. Head east on W 47th St for approximately 0.8 miles, then turn right (south) onto S Vincennes Ave. The property will be on the left (east side of the street) at 4723-25 S Vincennes Ave.
CHI - Grand Boulevard
CHI - Grand Boulevard
S
S
MULTI
Additional Information
8766
: Brick
: Multi-Family
Circuit Breakers,Separate Meters,Service - 101 to 200 Amps
Circuit Breakers,Separate Meters,Service - 101 to 200 Amps
: Concrete Perimeter
50x125
7
7
Condominium,Multi-Family
3
: Municipal Water
Essex 312, LLC
Quinn Evans
Financial
14128
Listing Information
1017906
88183
MRED
Listing Information
Active
2026-09-28T21:40:03Z
2026-09-22T05:05:22Z
Property Description

4723-25 S. Vincennes Avenue is a six-unit plus one non- conforming multifamily investment opportunity located in the heart of Bronzeville, one of Chicago’s most historic and rapidly evolving neighborhoods. Comprised of exceptionally large apartment layouts, the property features three 2-bedroom/1- bathroom units, three 3-bedroom + den/1-bathroom units, and one non-conforming garden unit consisting of a 2-bedroom/1-bathroom apartment. The asset presents a compelling value-add opportunity through interior renovations and strategic unit reconfiguration. Given the substantial unit sizes, investors have the ability to modernize the apartments while potentially adding additional bathrooms and creating more desirable 3-bedroom/2-bathroom layouts. Beyond the in-place rental upside, investors have multiple opportunities to further enhance value, including the potential to reconfigure the three oversized units, add additional bathrooms, and pursue a potential condominium conversion, subject to applicable zoning, approvals, and city requirements. The property also includes a non-conforming garden apartment that is currently leased and provides additional rental income. Combining below-market rents, substantial apartment layouts, and multiple value- add strategies, 4723-25 S. Vincennes Avenue presents an attractive opportunity to increase rental income and enhance the overall value of the asset in one of Chicago’s established South Side neighborhoods.

Commercial Sale For Sale

4723 S Vincennes Avenue, Chicago, Illinois 60615

  • Lot Size: 0.14 Acre
$1,125,000
Listing ID#12760248
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12760248
Price : $1,125,000
Year Built : 1900
Lot Size : 0.14 Acre
Listing Status : Active
Roof
Roof : Membrane, Tar/Gravel
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