Chicago, IL 60653 4320 S Michigan Avenue

4320 S Michigan Avenue Chicago, IL - Image 14320 S Michigan Avenue Chicago, IL - Image 24320 S Michigan Avenue Chicago, IL - Image 3
5 more
4320 S Michigan Avenue Chicago, IL - Image 44320 S Michigan Avenue Chicago, IL - Image 54320 S Michigan Avenue Chicago, IL - Image 64320 S Michigan Avenue Chicago, IL - Image 74320 S Michigan Avenue Chicago, IL - Image 84320 S Michigan Avenue Chicago, IL - Image 9
Presented By: @properties Commercial
  • MLS# 12339910
  • 04/16/2025
  • Request Tour
  • Request Info
  • Beds • 10
  • SQFT • 11,826

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

Client Care

Price $2,100,000
MLS#12339910
List Date 04/16/2025
Property Type Multi-Family
Phone 847.485.2500
Request Tour
Request Info
Visit My Website

Similar Properties to 4320 S Michigan Avenue