An up-and-coming rapper with ties to established stars like Fabolous and Jim Jones was gunned down in the lobby of his Queens apartment building yesterday, police said.

Stack Bundles – whose real name is Rayquon Elliott – was shot once in the head and once in the neck as he entered the lobby of his Far Rockaway building just before 6 a.m., police said.

Accompanied by a friend, Bundles, 24, was returning to his home in Redfern Houses on Beach Channel Drive after a night performing and socializing at Club Stereo in Manhattan’s Chelsea section.

The friend parted ways with Bundles in the building’s lobby and told investigators that he heard shots moments later. He ran back to the building only to find Bundles bleeding heavily just steps from his first-floor apartment.

Bundles’ wallet, which contained both cash and credit cards, was still on the slain rapper’s body, though one of his medallions had been taken, the friend told police.

The motive for the murder is not yet known.

Bundles burst onto the rap scene after he brazenly approached Dipset charter member Jim Jones and asked the Harlem-based rapper to promote him, relatives.

Impressed, Jones helped Bundles compile a series of mixtapes and collaborations with stars like Fabolous and Joe Budden.

Credit: NY Daily News