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4837 - 4839 S Michigan Avenue, Chicago, IL

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4837 - 4839 S Michigan Avenue

Chicago, IL 60615-1066 - Bronzeville MF Submarket

Property Type:Multi-Family Number of Units:8 Status:Existing Year Built:1911
Stories:3 Building Size:11,200 SF Land Area:.18 AC (8,050 SF)
For Sale Price:$1,250,000 Price/Unit:$156,250.00 Cap Rate:6.80 % GRM:-


Sale Notes:
4837-39 S. Michigan is an eight-unit (8) center entrance building located in Chicago's Grand Boulevard community area (i.e. Bronzeville neighborhood). The property consists of six 3-bedroom, 2.5-bath, and two 2-bedroom, 2-bath units. The property underwent a massive reconstruction in 2008, retaining only the masonry exterior. All electrical, plumbing, HVAC, porch and IT systems were replaced. From the tear-off roof down to a newly poured basement floor and beautifully landscaped grounds, no detail was overlooked.

This property is being offered for sale at a price well below its replacement cost creating a unique opportunity for prospective buyers. In addition to the high-quality renovations, the property boasts a high quality tenant base with all tenants gainfully employed with professional institutions including medical offices, IT companies and the Chicago Police Department.

Monarch Realty Partners
Michael Anguiano
(773) 251-5532

Bill Baumann
(312) 560-7447

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