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4139 S Prairie Ave 8 Unit Apartment Building $1,836,688 CAD ($229,586 CAD/Unit) 7.02% Cap Rate Chicago, IL 60653
Investment Highlights
- Desirable Unit Mix: (7) 3 BD/1 BA & (1) 2 BD/1 BA units.
- Individual furnaces in all units. Porches updated in 2023.
- Walking distance to 75,000 Sq Foot. Mariano's at Pershing and MLK Dr.
- Newer electrical, windows, copper plumbing, entrance-way and common areas.
- Updated kitchen and baths with condo quality finishes.
- Close proximity to both Illinois Institute of Technology (ITT) & The University of Chicago.
Executive Summary
Interra Realty has been exclusively engaged to present for sale 4139-41 S. Prairie Ave. The property is an 8 unit building consisting of seven (7) 3 BD/1 BA units and one (1) 2 BD/1 BA units. Located in Chicago's Bronzeville neighborhood, theasset presents qualified investors with the opportunity to acquire a fully stabilized building that has experienced a
significant amount of recent capital improvements.
significant amount of recent capital improvements.
Property Facts
| Price | $1,836,688 CAD | Building Class | B |
| Price Per Unit | $229,586 CAD | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 4,000 SF |
| Cap Rate | 7.02% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1895/2018 |
| Property Subtype | Apartment | Parking Ratio | 7.5/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | B-1 - Neighborhood Shopping District. | ||
| Price | $1,836,688 CAD |
| Price Per Unit | $229,586 CAD |
| Sale Type | Investment |
| Cap Rate | 7.02% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 4,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1895/2018 |
| Parking Ratio | 7.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | B-1 - Neighborhood Shopping District. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | 500 |
| 3+1 | 7 | - | 500 |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-03-116-008-0000 | Improvements Assessment | $76,601 CAD |
| Land Assessment | $32,041 CAD | Total Assessment | $108,641 CAD |
Property Taxes
Parcel Number
20-03-116-008-0000
Land Assessment
$32,041 CAD
Improvements Assessment
$76,601 CAD
Total Assessment
$108,641 CAD
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4139 S Prairie Ave
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