Log In/Sign Up
Your email has been sent.
4950 S Michigan Ave 4950-4956 S Michigan Ave 3 Unit Apartment Building $1,200,000 ($400,000/Unit) Chicago, IL 60615
Investment Highlights
- Transportation & Connectivity
- Dynamic Chicago Location
- Off-Street Parking & Amenities
- Area Amenities & Demand Drivers
- Separately Metered Utilities
- Strong Rental Demographics & Demand
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 4950 S Michigan Ave in Chicago, IL (the “Property”). The three-story building contains three (3) 3-Bedroom/2-Bathroom units with 4,800 square feet of gross living area in 5,100 square feet of gross area. The Property is situated upon a 0.13-acre parcel and offers two (2) off-street parking spaces. 4950 South Michigan Avenue is well-positioned within Chicago’s historic South Side, offering convenient access to surrounding residential neighborhoods and key institutional and employment centers. The property benefits from strong connectivity to major thoroughfares including Lake Shore Drive and Interstate 90/94, providing efficient regional access throughout Chicago and the greater metropolitan area. Its proximity to downtown Chicago, public transportation options, and nearby neighborhood amenities further supports accessibility and long-term tenant appeal.
Property Facts
| Price | $1,200,000 | Building Class | C |
| Price Per Unit | $400,000 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 5,100 SF |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 0.39/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM-5 | ||
| Price | $1,200,000 |
| Price Per Unit | $400,000 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,100 SF |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 0.39/1,000 SF |
| Zoning | RM-5 |
1 1
Walk Score®
Very Walkable (81)
Transit Score®
Excellent Transit (76)
Property Taxes
| Parcel Numbers | Improvements Assessment | $279,280 | |
| Land Assessment | $59,920 | Total Assessment | $339,200 |
Property Taxes
Parcel Numbers
Land Assessment
$59,920
Improvements Assessment
$279,280
Total Assessment
$339,200
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
4950 S Michigan Ave | 4950-4956 S Michigan Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.