This investment opportunity will be going to Auction in August of 2026. You will be able to bid on this investment opportunity between August 17th through the 19th. Please contact SK Properties Group if you would like to tour the property or discuss the opportunity in more detail. Developers and investors, this property is currently being operated as single-room occupancy (SRO) units. However, each unit has a minimum of two rooms. The highest and best use would be either conversion to six condominiums or upscale apartment rentals. The property is located in the historic, developing Bronzeville area. Newly constructed condominiums and townhomes are already in operation, and new units are coming to market. The annual income is $127,800, and the NOI is $65,560. There are 16 single-room units, including one traditional unit on the first floor with three bedrooms, a den, a bath, and in-unit laundry. All leases are currently month-to-month. A new common boiler and hot water tank were installed in the fall of 2024. The gas, electric, and water utilities are all commonly operated. This property is within walking distance of public transportation and shopping.