4750 S Michigan Ave | Chicago, IL 60615
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- LoopNet Team
4750 S Michigan Ave
Chicago, IL 60615
Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- Assumable Fannie Mae Loan - Servicer Greystone
- Original Loan Amount: $4,500,000.00
- Debt Service Coverage Ratio (DSCR) 1.45
- Interest Rate: 4.43% Maturity Date: 04/01/2030
- Current Principal Balance: $4,500,000.00
- Loan To Value (LTV) 80%
PROPERTY FACTS
| No. Units | 24 | Lot Size | 0.41 AC |
| Property Type | Multifamily | Building Size | 33,660 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1908 |
| Building Class | C | ||
| Zoning | R-5, Chicago - Medium High Density Multiple-Family Residential District | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 33,660 SF |
| No. Stories | 3 |
| Year Built | 1908 |
| Zoning | R-5, Chicago - Medium High Density Multiple-Family Residential District |
AMENITIES
UNIT AMENITIES
- Heating
- Granite Countertops
- Hardwood Floors
- Vaulted Ceiling
- Refrigerator
- Oven
- Lawn
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | 750 |
| 2+1 | 5 | - | 1,000 |
| 3+1 | 7 | - | 1,200 |
| 4+1 | 9 | - | 1,400 |
PROPERTY TAXES
| Parcel Number | 20-10-101-028-0000 | Improvements Assessment | $230,970 |
| Land Assessment | $61,331 | Total Assessment | $292,301 |
PROPERTY TAXES
Parcel Number
20-10-101-028-0000
Land Assessment
$61,331
Improvements Assessment
$230,970
Total Assessment
$292,301
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