4131 S Michigan Ave
Chicago, IL 60653
Bronzeville
HIGHLIGHTS
- Property has a strong history of high occupancy and collections
- Current cap rate of 8.0%, projected to increase to 8.7% on a stabilized basis
- Within walking distance to the Sox-35th Redline stop
- Current rents below market with potential to increase to $1,375 for 1-bedroom units and $1,700 for 2-bedroom units
- [1] 1-Bed/1-Bath [5] 2-Bed/1-Bath
- The property is fully occupied, showcasing strong rental demand in the area
FOR SALE DETAILS
PRICE
$860,000 USD
PRICE/SF
$108 USD /SF
# OF UNITS
6
PRICE/UNIT
$143,333
CAP RATE
8.6%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1887
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.18 AC
LAND SF
8,050 SF
ZONING
RM-5
APN/PARCEL ID
20-03-114-005-0000
ASK ABOUT THIS PROPERTY
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312-890-2232
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312-890-2232
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