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- LoopNet Team
11000 S Michigan Ave
Chicago, IL 60628
Multifamily Property For Sale
·
66 Units
INVESTMENT HIGHLIGHTS
- Proximity to Public Transportation
- Close Proximity to the new Amazon Distribution Center
- Value Add Opportunity
- Property is zoned B1-3
- Located near the newly constructed Roseland Medical Center
PROPERTY FACTS
| No. Units | 66 | Lot Size | 0.40 AC |
| Property Type | Multifamily | Building Size | 40,000 SF |
| Property Subtype | Apartment | Average Occupancy | 98% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | B | Year Built/Renovated | 1927/2008 |
| Zoning | B1-3 | ||
| No. Units | 66 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.40 AC |
| Building Size | 40,000 SF |
| Average Occupancy | 98% |
| No. Stories | 4 |
| Year Built/Renovated | 1927/2008 |
| Zoning | B1-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Security System
- Tenant Controlled HVAC
- On-Site Retail
- Trash Pickup - Curbside
- Vintage Building
- Elevator
- Smoke Detector
ABOUT 11000 S MICHIGAN AVE , CHICAGO, IL 60628
MoHall Commercial & Urban Development presents this Value Add 66 Mixed-Use building for sale. Located in an Opportunity Zone, this building consist of 49 Apartments, 10 Offices, and 7 Retail stores. Tenants pay electric, cooking and heating gas. This building operates at a 10.16% Cap Rate and is 95% occupied. There is room for improvements that will increase monthly cash flow. This property is centered along the Chicago Transit Authority expansion plan, which would include 4 new train stations and also close proximity to the new Amazon Distribution Center.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 20 | - | 490 |
| 1+1 | 25 | - | 490 |
| 2+1 | 4 | - | 800 |
PROPERTY TAXES
| Parcel Number | 25-15-320-014-0000 | Improvements Assessment | $85,518 |
| Land Assessment | $26,740 | Total Assessment | $112,258 |
PROPERTY TAXES
