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4950 S Michigan Ave 4950 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 | Apartment Style | Low-Rise |
| Price Per Unit | $400,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.12 AC |
| No. Units | 3 | Building Size | 5,100 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2025 |
| 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 | B |
| Lot Size | 0.12 AC |
| Building Size | 5,100 SF |
| No. Stories | 3 |
| Year Built | 2025 |
| Zoning | RM-5 |
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Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-10-113-035-0000 | Improvements Assessment | $70,400 |
| Land Assessment | $19,600 | Total Assessment | $90,000 |
Property Taxes
Parcel Number
20-10-113-035-0000
Land Assessment
$19,600
Improvements Assessment
$70,400
Total Assessment
$90,000
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4950 S Michigan Ave | 4950 S Michigan Ave
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