Chicago, IL 60637 6205 S Michigan Avenue
$1,150,000
11 more
Presented By: Realty Asset Advisors LLC
Beds • 6
Home Details
Completely renovated Mid-Century apartment building featuring a robust mix of 1,2 & 3 bedroom units. Fully occupied with 2/3rd subsidized and 1/3rd non-subsidized residents. Renovation included: Copper plumbing, new roof, new electrical service, state-of-the-art heating system, masonry, concrete walkways, fully renovated apartments, laundry room, etc. A turnkey investment opportunity with substantial rent growth available. Serious inquiries only. Buyer must show proof of funds to purchase prior to touring.
Presented By: Realty Asset Advisors LLC
Interior Features for 6205 S Michigan Avenue
Other Interior Features
BasementNone
General for 6205 S Michigan Avenue
Additional Parcels Y/NNo
Cap Rate8.2
CityChicago
Construction MaterialsBrick
CoolingWindow Unit(s)
CountyCook
Current UseMulti-Family
DirectionsDan Ryan Expressway to 59th Street Exit, East to Michigan Avenue, South to Property
ElectricCircuit Breakers
Electric Expense3837
Fuel Expense8061
Gross Income188676
Insurance Expense6703
Lot Size Square Feet8019
MLS AreaCHI - Washington Park
MaintenanceExpense5614
ModificationTimestamp2025-02-08T06:07:06.847Z
Net Operating Income94447
Number Of Units Total15
Operating Expense77046
Property TypeCommercial Sale
Property TypeMulti Family 5+
RoofReflective Coating, Rubber
Standard StatusActive
StatusActive
Stories3
Tax Annual Amount16038.66
Tax Year2023
Tenant PaysElectricity, Other
Trash Expense1662
UtilitiesSewer Connected
Water Sewer Expense16397
Year Built1965
ZoningMULTI
Exterior for 6205 S Michigan Avenue
Lot Dimensions8019
Water SourceMunicipal Water
Additional Details
Price History
