4316 S Michigan Ave | Chicago, IL 60653
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- LoopNet Team
4316 S Michigan Ave
Chicago, IL 60653
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Luxury new construction in Bronzeville with condo-quality finishes and zero deferred maintenance
- High-demand unit mix featuring 4-bed duplexes and 3-bed simplexes with private balconies for strong rentability.
- Turnkey investment with projected $308K gross rents and a 7.05% cap rate—no lease-up, no renovation.
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Heating
- Double Vanities
- Eat-in Kitchen
- Hardwood Floors
- Ice Maker
- Refrigerator
- Oven
- Range
- Walk-In Closets
- Breakfast Nook
- Dining Room
- Double Pane Windows
- Family Room
- Freezer
- Large Bedrooms
SITE AMENITIES
- Gated
- Gas Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+2.5 | 2 | $3,995 | - |
| 3+2.5 | 6 | $2,950 | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $34,216 | |
| Land Assessment | $63,588 | Total Assessment | $97,803 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$63,588
Improvements Assessment
$34,216
Total Assessment
$97,803
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