10
See all 10 photos
$2,100,000
Est. payment /mo
11,826 SqFt
Active
4320 S Michigan Avenue Chicago, IL 60653
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Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 11,826 sqft
Price per Sqft $177
MLS Listing ID 12339910
Year Built 1910
Annual Tax Amount $7,516
Tax Year 2023
Lot Size 7,840 Sqft
Lot Dimensions 162X50
Property Sub-Type Multi Family 5+
Property Description
Don't miss this exceptional opportunity to acquire a cash-flowing 11-unit multifamily building in the heart of vibrant Bronzeville. Superbly situated at 4320 S Michigan Avenue, this well-maintained asset offers immediate returns with a strong in-place cap rate from day 1. The property features a versatile mix of 1-, 2-, 3-, and 4-bedroom units, appealing to a broad tenant base. Each unit offers generous floor plans, timeless architectural character, and significant upside potential through interior enhancements, ideal for investors seeking value-add opportunities or long-term appreciation. Recent mechanical improvements and a well-preserved exterior reduce maintenance concerns and support ongoing operational efficiency. Additionally, the building qualifies for the Affordable Housing Special Assessment Program (AHSAP) providing substantial property tax savings while maintaining unit affordability and rental appeal. Strategically located in one of Chicago's fastest-growing neighborhoods, this is a rare chance to secure a high-yielding, income-generating asset with both immediate and future upside. Opportunities of this caliber in Bronzeville are rare. Schedule your tour today.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Partially Finished
Interior
Cooling Central Individual
Fireplace N
Exterior
View Y/N true
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Listed by Kevin Rocio • @properties Commercial