7042-7048 S Michigan | Chicago, IL 60637
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- LoopNet Team
7042-7048 S Michigan
Chicago, IL 60637
7042 South Michigan · Multifamily Property For Sale
·
32 Units
Investment Highlights
- New Boiler, New Roof, & Copper Plumbing
- Desirable Grand Crossing Location
- Updated Porches
- Significant Value Add Through Improved Leasing and Bringing Rents to Current Market Rates
Property Facts
| No. Units | 32 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 22,400 SF |
| Property Subtype | Apartment | Average Occupancy | 97% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | C | Year Built | 1925 |
| Zoning | B3-1 | ||
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 22,400 SF |
| Average Occupancy | 97% |
| No. Stories | 4 |
| Year Built | 1925 |
| Zoning | B3-1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 500 |
| 1+1 | 20 | - | 615 |
| 2+1 | 6 | - | 700 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $165,112 | |
| Land Assessment | $17,888 | Total Assessment | $183,000 |
Property Taxes
Parcel Numbers
Land Assessment
$17,888
Improvements Assessment
$165,112
Total Assessment
$183,000
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