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4736 S Prairie Ave
Chicago, IL 60615
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Three residential units with consistent layouts.
- Located near the 47th Street Green Line station.
- Full basements offer additional future-use potential.
- In-unit laundry and individual HVAC systems throughout.
Executive Summary
4736 S Prairie Avenue presents the opportunity to acquire a classic Bronzeville Greystone with three residential units in one of Chicago's most established multifamily neighborhoods. The property features three spacious residential units, each configured with three bedrooms and two bathrooms, along with individual HVAC systems, in-unit laundry, hardwood flooring, fireplaces, and original architectural details including millwork and built-ins. The oversized lot includes a two-car garage and full basements that may provide future value-add potential. Positioned near the 47th Street Green Line station with convenient access to Hyde Park, the University of Chicago, and the lakefront, the asset benefits from strong neighborhood connectivity and established rental demand. The property is currently income-producing and may appeal to investors, owner-occupants, or 1031 exchange buyers seeking a stabilized multifamily asset within the Bronzeville market.
Property Facts
| Price Per Unit | $266,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 7.46% | Building Size | 4,497 SF |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1890 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price Per Unit | $266,333 |
| Sale Type | Investment |
| Cap Rate | 7.46% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 4,497 SF |
| No. Stories | 3 |
| Year Built | 1890 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | - |
| 4+2 | 2 | - | - |
Property Taxes
| Parcel Number | 20-10-103-024-0000 | Improvements Assessment | $53,913 |
| Land Assessment | $14,088 | Total Assessment | $68,001 |
Property Taxes
Parcel Number
20-10-103-024-0000
Land Assessment
$14,088
Improvements Assessment
$53,913
Total Assessment
$68,001
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