Bronzeville 5-Story 28-Unit Multifamily Building 4719-25 South Michigan Avenue
Asking Price: $4,300,000.00
Categories: Available Commercial, Commercial, For Sale, Multi-Family, Uncategorized
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Description
Asking Price: $4,300,000 / $153,572 per unit
Approximate Lot Size: 13,639 SF
Zoned: RM-5
2024 Property Taxes: $48,596
Total Units: 28 Units – (2) Studios, (16) 1 Bedroom and (10) 2 Bedroom
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.4719
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.
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