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4901 S Michigan Ave 4901 S Michigan Ave 20 Unit Apartment Building For Sale Chicago, IL 60615
Investment Highlights
- Vacant and ready for stabilization
- 21,615 SF building with 20 units
- Located in the thriving Bronzeville area
- Strong Unit Mix | Value-Add Opportunity
- Auction Sale
Executive Summary
SVN Chicago Commercial is pleased to present a 20-unit Multifamily building located in the historic Bronzeville/Grand Boulevard neighborhood on Chicago’s South Side. The unit mix consists of (9) 2-bedroom, 1 Bath, (9) 3-bedroom, 1 Bath Apartments, and (2) 4-bedroom, 1 Bath Apartments. 4901 S Michigan needs extensive repairs to the common areas, interior units, and mechanical systems.
Property Facts
| Sale Type | Investment | Building Class | C |
| Sale Condition | REO Sale | Lot Size | 0.18 AC |
| No. Units | 20 | Building Size | 21,615 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1898 |
| Apartment Style | Low-Rise | ||
| Zoning | RM-5 | ||
| Sale Type | Investment |
| Sale Condition | REO Sale |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 21,615 SF |
| No. Stories | 3 |
| Year Built | 1898 |
| Zoning | RM-5 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | - | 700 - 1,000 |
| 3+1 | 9 | - | 700 - 1,000 |
| 4+1 | 2 | - | 700 - 1,000 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-10-114-001-0000 | Improvements Assessment | $128,180 CAD |
| Land Assessment | $25,199 CAD | Total Assessment | $153,379 CAD |
Property Taxes
Parcel Number
20-10-114-001-0000
Land Assessment
$25,199 CAD
Improvements Assessment
$128,180 CAD
Total Assessment
$153,379 CAD
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4901 S Michigan Ave | 4901 S Michigan Ave
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