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1323 S Michigan Ave 30 Unit Apartment Building $9,000,000 ($300,000/Unit) 5.74% Cap Rate Chicago, IL 60605

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Investment Highlights

13 UNITS: 1 BEDROOM / 1 BATHROOM
6 UNITS: 1.5 BEDROOM / 2 BATHROOM

5 UNITS: 1.5 BEDROOM / 1 BATHROOM
6 UNITS: 2.5 BEDROOM / 2 BATHROOM

Property Facts

Price	$9,000,000	Property Subtype	Apartment
Price Per Unit	$300,000	Apartment Style	Mid-Rise
Sale Type	Investment	Building Class	B
Cap Rate	5.74%	Lot Size	0.14 AC
Gross Rent Multiplier	9.99	Building Size	40,000 SF
No. Units	30	No. Stories	7
Property Type	Multifamily	Year Built	2007
Zoning	DX-7 - Downtown Mixed-Use District

Price	$9,000,000
Price Per Unit	$300,000
Sale Type	Investment
Cap Rate	5.74%
Gross Rent Multiplier	9.99
No. Units	30
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid-Rise
Building Class	B
Lot Size	0.14 AC
Building Size	40,000 SF
No. Stories	7
Year Built	2007
Zoning	DX-7 - Downtown Mixed-Use District

Unit Amenities

Air Conditioning
Washer/Dryer

Kitchen
Stainless Steel Appliances

Range

Wheelchair Accessible (Rooms)

Site Amenities

Concierge
Fitness Center
Property Manager on Site

Security System
Doorman
Wi-Fi

Bicycle Storage
Conference Rooms

Elevator
Maintenance on site

1 1

Walk Score®

Walker's Paradise (95)

Transit Score®

Rider's Paradise (97)

Bike Score®

Biker's Paradise (93)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

Property Taxes

Parcel Numbers	Multiple 17-22-105-042-1011 17-22-105-042-1008 17-22-105-042-1002 17-22-105-042-1003 17-22-105-042-1007 17-22-105-042-1010 17-22-105-042-1012 17-22-105-042-1004 17-22-105-042-1005 17-22-105-042-1009 17-22-105-042-1013 17-22-105-042-1001 17-22-105-042-1006	Improvements Assessment	$674,379
Land Assessment	$154,615	Total Assessment	$828,994