4201-4209 S Michigan Ave - Apartments FOR SALE


Chicago, IL 60653
$4,475,000 USD
630-550-1515
4201-4209 S Michigan Ave, Chicago, IL for Sale
$4,475,000 USD
Apartments - FOR SALE
1/7
null | 7% Cap Rate

4201-4209 S Michigan Ave
Chicago, IL 60653


HIGHLIGHTS

  • Interest Rate: 4.95% Maturity Date: 04/01/2029
  • Original Loan Amount: $3,771,000.00
  • Current Principal Balance: $3,442,000.00
  • Cash on Cash: (COC) 7.8%
  • Debt Service Coverage Ratio (DSCR) 1.4
  • Loan To Value (LTV) 77%

OVERVIEW

SVN is pleased to present a 21-unit renovated Multifamily building located in Bronzeville. The unit mix consists of (15) 2 Bed 2 Bath units and (6) 3 Bed 2 Bath Duplex units. All units have been updated with newer kitchen and baths. The apartments are very spacious and equipped with hardwood flooring, high-end appliances and in-unit laundry. Capital improvements consist of newer electrical service, newer in-unit furnaces and water tanks, newer roof and newer windows.

FOR SALE DETAILS

PRICE

$4,475,000 USD

PRICE/SF

$191 USD /SF

# OF UNITS

21

PRICE/UNIT

$213,095

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1894

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

R5

APN/PARCEL ID

20-03-120-033-0000

ASK ABOUT THIS PROPERTY

Joe ConnellySVN | Chicago CommercialMore Info
630-550-1515

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Joe ConnellySVN | Chicago CommercialMore Info
630-550-1515

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.