4950 S Michigan Ave - Apartments FOR SALE


Chicago, IL 60615- Bronzeville
$1,200,000 USD
312-957-7213
4950 S Michigan Ave, Chicago, IL for Sale
$1,200,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

4950 S Michigan Ave
Chicago, IL 60615
Bronzeville


HIGHLIGHTS

  • Transportation & Connectivity
  • Area Amenities & Demand Drivers
  • Dynamic Chicago Location
  • Separately Metered Utilities
  • Off-Street Parking & Amenities
  • Strong Rental Demographics & Demand

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 4950 S Michigan Ave in Chicago, IL (the “Property”). The three-story building contains three (3) 3-Bedroom/2-Bathroom units with 4,800 square feet of gross living area in 5,100 square feet of gross area. The Property is situated upon a 0.13-acre parcel and offers two (2) off-street parking spaces. 4950 South Michigan Avenue is well-positioned within Chicago’s historic South Side, offering convenient access to surrounding residential neighborhoods and key institutional and employment centers. The property benefits from strong connectivity to major thoroughfares including Lake Shore Drive and Interstate 90/94, providing efficient regional access throughout Chicago and the greater metropolitan area. Its proximity to downtown Chicago, public transportation options, and nearby neighborhood amenities further supports accessibility and long-term tenant appeal.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$235 USD /SF

# OF UNITS

3

PRICE/UNIT

$400,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4950 S Michigan Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

RM-5

APN/PARCEL ID

20-10-113-035-0000

ASK ABOUT THIS PROPERTY

Danny BreiterHorvath & TremblayMore Info
312-957-7213

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Danny BreiterHorvath & TremblayMore Info
312-957-7213

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.