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318-320 S Michigan Ave
Chicago, IL 60604
Richelieu Flats · Multifamily Property For Sale · 5 Units

INVESTMENT HIGHLIGHTS

  • Rare opportunity to acquire a storefront condo along Michigan Avenue in Downtown Chicago
  • Condominium features open shell layout, large windows providing excellent natural lighting, and can accommodate patio seating
  • Extremely well located near multiple public transportation options and within walking distance of numerous tourist attractions

EXECUTIVE SUMMARY

Bankruptcy Sale featuring an 8,208 square foot storefront condominium along Michigan Avenue in Chicago’s Centra lBusiness District “CBD”. The 8,208 square foot condominium consist of 6,126 square feet of ground floor space, 2,082square feet of mezzanine space and an additional 2,145 square foot basement. The Property is zoned DX-16 and features an open shell layout, large windows providing excellent natural lighting, and can accommodate patio space. The storefront is extremely well located just steps from the Adams/Wabash and Jackson "L" Stations and is walking distance to numerous tourist attractions including The Art Institute of Chicago, The Bean, Millennium Park, Grant Park, Buckingham Fountain, and Maggie Daley Park, among others. There are numerous universities in the immediate area including DePaul University, Roosevelt University, Robert Morris University, John Marshall Law School, and National Louis University, among others. Neighboring retailers include Target, Walgreens, Nordstrom Rack, Macy’s, TJ Maxx, Burlington, Five Below, Potbelly, Chipotle, Kilwin's, Chick Fil-A, Pizano’s, Nando’s, McDonald’s, Starbucks, Revival Food Hall and Dunkin’ among many others.

PROPERTY FACTS

No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.21 AC
Building Size 73,398 SF
No. Stories 7
Year Built/Renovated 1885/1983
APN / Parcel ID
17-15-107-053-0000
  • 17-15-107-079-1001
Zoning DX-16

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 5 - -
  • Listing ID: 28083745

  • Date on Market: 3/28/2023

  • Last Updated:

  • Address: 318-320 S Michigan Ave, Chicago, IL 60604

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