Essex Realty Group, Inc. has been exclusively engaged to market for sale 4320 S Michigan Ave, an 11-unit multifamily building located in Chicago’s Bronzeville neighborhood. This turnkey property features an immensely favorable unit mix of almost entirely two-, three-, and four-bedroom units with two bathrooms in a majority of the apartments. These units were all recently gut renovated and feature high end finishes with individual furnaces and in-unit washer/dryer throughout, allowing an investor to achieve top of the market rents in one of Chicago’s most appreciating submarkets. There is no deferred maintenance with this property. Further contributing to this building’s cash flow is the assumable debt. There is an assumable loan with favorable leverage and a below-market 4.43% interest rate. This, combined with a strong history of high occupancy and collections, will enable an investor to achieve above-market cash-on-cash returns, with room to further increase rents. 4320 S Michigan presents the rare opportunity for an investor to acquire a fully-renovated building with large apartments in the appreciating Bronzeville neighborhood and achieve stellar cash-on-cash returns by assuming the below-market interest rate, higher-leverage debt.