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4952 S Michigan Ave 4952 S Michigan Ave 3 Unit Apartment Building $1,200,000 ($400,000/Unit) Chicago, IL 60615
Investment Highlights
- Access & Connectivity
- Exceptional Chicago Market
- 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 4952 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. 4952 S Michigan Avenue is well-positioned in Chicago’s historic South Side, offering strong access to surrounding residential neighborhoods and key employment and institutional anchors. The property benefits from convenient connectivity to major thoroughfares including Lake Shore Drive and Interstate 90/94 (Dan Ryan Expressway), as well as access to CTA bus and rail service, providing efficient regional access throughout Chicago and the greater metropolitan area.
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 | 2023 |
| 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 | 2023 |
| Parking Ratio | 0.39/1,000 SF |
| Zoning | RM-5 |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- Storage Space
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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 | 20-10-113-036-0000 | Improvements Assessment | $76,800 |
| Land Assessment | $11,200 | Total Assessment | $88,000 |
Property Taxes
Parcel Number
20-10-113-036-0000
Land Assessment
$11,200
Improvements Assessment
$76,800
Total Assessment
$88,000
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4952 S Michigan Ave | 4952 S Michigan Ave
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