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5020 S Michigan Ave
Chicago, IL 60615
Fmr Residential Hotel, Potential Multifamily · Multifamily Property For Sale
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39 Units
Investment Highlights
- Single room occupancy (SRO) 39-unit brick building with nonconforming 3-room apartment w/bathroom, 1 office and 1 not working bar
- 3-story with basement solid brick construction with 6 balconies
- Ideal for medium to high-density apartment buildings, suitable for two-flats, town homes, and single family homes
- Vacant and debt free, located on the South Side of Chicago, just 7 miles south of the Loop near Washington Park
- Located in Opportunity Zone with tax incentives
- In close proximity to the Provident Hospital of Cook County, near major transportation routes including I-90/94, CTA green and red lines
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Property Taxes
| Parcel Number | 20-10-119-018-0000 | Improvements Assessment | $54,000 |
| Land Assessment | $28,000 | Total Assessment | $82,000 |
Property Taxes
Parcel Number
20-10-119-018-0000
Land Assessment
$28,000
Improvements Assessment
$54,000
Total Assessment
$82,000
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