4723 S Vincennes AVE, Chicago, IL 60615
4723 S Vincennes AVE, Chicago, IL 60615
4723 S Vincennes AVE, Chicago, IL 60615
4723 S Vincennes AVE, Chicago, IL 60615
4723 S Vincennes AVE, Chicago, IL 60615
4723 S Vincennes AVE, Chicago, IL 60615
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Ali Arciniega

Ali Arciniega

+1(773) 683-1249
$ 1,125,000
Est. payment | /mo

8,766 SqFt

Save
$ 1,125,000
Est. payment | /mo
Save

8,766 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 8,766 sqft

Price per Sqft $128

MLS Listing ID 12760248

Maintenance Fees $3,600

Year Built 1900

Annual Tax Amount $14,128

Tax Year 2024

Lot Size 6,098 Sqft

Lot Dimensions 50x125

Property Sub-Type Multi Family 5+

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.

Location

State IL

County Cook

Area Chi - Grand Boulevard

Zoning MULTI

Rooms

Basement Unfinished, Storage Space

Interior

Cooling None

Fireplace N

Exterior

Utilities Available Sewer Connected, Water Available

Roof Type Membrane,Tar/Gravel

Building

Dwelling Type Multi Family 5+

Sewer Public Sewer

Water Municipal Water

Structure Type Brick

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Quinn Evans of  Essex 312, LLC 

Nearby Locations

Ali Arciniega

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(773) 683-1249

aarciniega@chicagorea.com

1941 N Elston Ave, Chicago, IL 60642, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from ALLURE, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

4723 S Vincennes AVE