4939 S Dorchester Ave. #5F

Knockout Kenwood 1 BD/1 BA top floor condo remodeled in 2010. Enjoy beautiful hardwood floors as well as an updated bathroom and kitchen. The kitchen features ample cabinetry, granite countertops, and all Whirlpool stainless steel appliances (2017). Coin laundry room in building (2nd floor) and parking for rent through the management office (currently on a lengthy wait list - 7+ years - $25/monthly for uncovered - $30/monthly for covered). Monthly assessments: $246.60 (Heat, Cooking Gas, Water, Snow Removal, and Trash Removal). No special assessments or planned projects. Walking distance to multiple DIVVY bike stations, Zipcar, Kenwood Park, University of Chicago, Kennicott Park, Hyde Park Art Center, the Chicago Public Library's "Blackstone Branch", sweetgreen, Marshalls, and Planet Fitness. Footsteps to 49th St Beach, S Jean Baptiste Point DuSable Lake Shore Dr, and Lake Michigan. 0.4 miles from the 51st/53rd St/Hyde Park Metra Station and 0.4 miles from the 47th St/Kenwood Metra Station. Chicago Public Schools Shoesmith Elementary School (K-6), Ray Elementary School (PK-8), and Kenwood Academy High School (7-12). Building improvements: Parking lot resurfacing (2022). Modernize 5-stop Hydraulic elevator (2017). Tuckpointing (2013). Roof replacement (2015). Installed vinyl sliding windows (2012). Funds are earmarked for new building boiler (2022). Unit owners can rent 1 storage cage on ground level ($60-$85/yearly depending on size). Reserves: $200,000+ (as of September 8th, 2022). Seller offering 2-1 Interest Rate Buydown! Cap Rate: 9%.