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4719-4725 S Michigan Ave
Chicago, IL 60615
Multifamily Property For Sale
·
28 Units
Investment Highlights
- The building has been well maintained, with all units reported to be in good condition
- The property is situated on an approximately 85’ x 160’ parcel and zoned RM-5.
- 28-unit multifamily asset located in Chicago’s Bronzeville neighborhood
- Amenities include: a central boiler steam heating system, a passenger elevator, and an on-site parking lot with approximately 20 parking spaces
- Currently well occupied, presenting investors with an opportunity to acquire a stabilized multifamily property in one of Chicago’s historic areas
Executive Summary
AW Properties is pleased to present the opportunity to acquire a 5-story, 28-unit multifamily asset located in Chicago’s Bronzeville neighborhood. The property offers a desirable unit mix consisting of (2) studio, (16) 1-bedroom 1-bath, and (10) 2-bedroom 1-bath units.
The building has been well maintained, with all units reported to be in good condition. Property amenities include a central boiler steam heating system, a passenger elevator, and an on-site parking lot with approximately 20 parking spaces. The property is situated on an approximately 85’ x 160’ parcel and zoned RM-5.
The asset is currently well occupied, presenting investors with an opportunity to acquire a stabilized multifamily property in one of Chicago’s most historically significant and evolving neighborhoods.
The building has been well maintained, with all units reported to be in good condition. Property amenities include a central boiler steam heating system, a passenger elevator, and an on-site parking lot with approximately 20 parking spaces. The property is situated on an approximately 85’ x 160’ parcel and zoned RM-5.
The asset is currently well occupied, presenting investors with an opportunity to acquire a stabilized multifamily property in one of Chicago’s most historically significant and evolving neighborhoods.
Property Facts
| Price Per Unit | $214,350 CAD | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 22,900 SF |
| No. Units | 28 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1967 |
| Property Subtype | Apartment | Parking Ratio | 0.92/1,000 SF |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | RM-5 | ||
| Price Per Unit | $214,350 CAD |
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 22,900 SF |
| No. Stories | 5 |
| Year Built | 1967 |
| Parking Ratio | 0.92/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM-5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 500 |
| 1+1 | 14 | - | 700 |
| 2+1 | 10 | - | 900 |
Property Taxes
| Parcel Number | 20-10-102-032-0000 | Improvements Assessment | $185,251 CAD |
| Land Assessment | $43,198 CAD | Total Assessment | $228,449 CAD |
Property Taxes
Parcel Number
20-10-102-032-0000
Land Assessment
$43,198 CAD
Improvements Assessment
$185,251 CAD
Total Assessment
$228,449 CAD
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