Chicago, IL 60653 4320 S Michigan Avenue
$2,100,000



5 more






Presented By: @properties Commercial
Home Details
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.
Presented By: @properties Commercial
Interior Features for 4320 S Michigan Avenue
Other Interior Features
BasementPartially Finished
General for 4320 S Michigan Avenue
Additional Parcels Y/NYes
Cap Rate8.54
CityChicago
CoolingCentral Individual
CountyCook
Directions43rd to Michigan Avenue, south to property.
ElectricCircuit Breakers, Separate Meters, Service - 201 to 600 Amps
Electric Expense925
Fuel Expense
Gross Income246816
Insurance Expense7516
Lot Size Square Feet8050
MLS AreaCHI - Grand Boulevard
MaintenanceExpense9314
ModificationTimestamp2025-04-23T05:07:22.019Z
Net Operating Income179426
Number Of Units Total11
Operating Expense67390
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories3
Tax Annual Amount7516
Tax Year2023
Trash Expense1100
Water Sewer Expense6000
Year Built1910
ZoningMULTI
Exterior for 4320 S Michigan Avenue
Building Area Total11826
Lot Dimensions162X50
Lot Size Acres0.18
Additional Details
Price History
