42nd and Michigan Portfolio (4208, 4213, & 4220 S. Michigan Ave)

42nd and Michigan Portfolio (4208, 4213, & 4220 S. Michigan Ave), Chicago, IL 60653

  • For Sale $10,500,000
  • Property Type Multi-Family
  • Property Size 68,900 SF
  • Units 60
  • Date Updated Mar 19, 2024
BronzevilleKiser Group is pleased to exclusively present for purchase The Bronzeville Portfolio; a three (3) building portfolio consisting of a combined sixty (60) units in Chicago's historic Bronzeville neighborhood. Situated in a premier location in one of Chicago's most rapidly appreciating neighborhoods, the assets are ideally located just blocks away from Metcalfe Park on a beautiful, tree-lined providing easy access I-90 and Chicago's downtown. The Bronzeville Portfolio has an incredibly desirable unit composition. 4208 S. Michigan is comprised of seven (7) 2BD/1BA & eleven (11) 3BD/1BA units, 4213 S. Michigan consists of four (4) 1BD/1BA, four (4) 2BD/1BA, three (3) 2BD/1.5BA, & five (5) 3BD/1BA units, and 4220 S. Michigan is comprised of one (1) studio, seven (7) 2BD/1BA, and eighteen (18) 3BD/1BA units. All of which are incredibly spacious and have gone through varying degrees of updates both cosmetically and mechanically. Recent improvements to the buildings include, but are not limited to, newer roofs, renovated kitchens & bathrooms, updated electrical service, and copper plumbing. The Bronzeville Portfolio provides investors with the unique opportunity to obtain three stabilized, cash flowing assets in one of Chicago's most rapidly appreciating neighborhoods. Additionally, an investor has the option to assume the existing debt (terms below) through Freddie Mac. ASSUMABLE FINANCING: Buyer has the option to assume the current loan, approximate terms are: 4208 & 4213 S. Michigan Ave: - $3,115,000 - 4.36% Rate - 6 Years Remaining 4220 S Michigan Ave: - $2,464,000 - 3.67% Rate - 2 Years Remaining

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Highlights

  • Prime Bronzeville Location
  • Sixty (60) Units
  • Assumable Debt at 3.5%-4.5% Rates
  • Renovated Units

Contacts

broker

Noah Birk

Kiser Group

(773) 293-5090

Location

Getting Around

  • Walk Score ®

    71/100 Very Walkable

  • Transit Score ®

    68/100 Good Transit

  • Bike Score ®

    67/100 Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood Bronzeville
  • Zip Code 60653
  • Market Chicago

Points of Interest

  • 43rd

    0.26 miles

  • Indiana

    0.30 miles

  • 47th

    0.64 miles

  • 47th

    0.65 miles

  • State & 37th Street

    0.65 miles

  • 35th-Bronzeville-IIT

    0.93 miles

  • Sox-35th

    1.08 miles

  • 51st

    1.15 miles

  • Garfield

    1.62 miles

  • Garfield

    1.65 miles

  • BP

    0.19 miles

  • BP

    0.40 miles

  • Citgo

    0.41 miles

  • Mobil

    0.60 miles

  • BP

    0.60 miles

  • BP

    0.62 miles

  • BP

    0.98 miles

  • Clark

    1.03 miles

  • GoLo

    1.13 miles

  • BP

    1.39 miles

  • Lot L

    0.74 miles

  • Lot F

    0.82 miles

  • Tailgate Lot

    0.88 miles

  • VIP Lot E

    0.91 miles

  • VIP Lot D

    1.01 miles

  • Lot B

    1.08 miles

  • Lot A

    1.09 miles

  • Lot C

    1.19 miles

  • Ride Share Lot

    1.19 miles

  • Lot G

    1.26 miles

  • Amber Inn Motel

    0.37 miles

  • Chicago South Loop Hotel

    1.89 miles

  • Sophy Hotel

    2.12 miles

  • Chicago Lake Shore Hotel

    2.13 miles

  • Hyatt Place Chicago-South/University Medical Center

    2.20 miles

  • SpringHill Suites by Marriott Chicago Chinatown

    2.24 miles

  • Hyatt Regency McCormick Place

    2.36 miles

  • Hilton Garden Inn, Hampton Inn, & Home2 Suites

    2.39 miles

  • Jaslin Hotel

    2.45 miles

  • Marriott Marquis

    2.46 miles

  • Bronzeville Wingz

    0.12 miles

  • Nicky's Gyros

    0.39 miles

  • Chicago Rib House

    0.43 miles

  • Louisiana Famous Fried Chicken

    0.58 miles

  • Dragon Express

    0.64 miles

  • Petey's

    0.77 miles

  • Pizza Nova Express

    0.87 miles

  • Cleo's Southern Cuisine

    0.88 miles

  • Takito Grill

    0.89 miles

  • McDonald's

    0.90 miles

  • Horner School

    0.14 miles

  • Saint Elizabeth School

    0.16 miles

  • Saint Elizabeth Headstart

    0.16 miles

  • Bronzeville Lighthouse Charter School

    0.22 miles

  • Dawson Technical Institute of Kennedy-King College

    0.34 miles

  • Mollison Elementary School

    0.48 miles

  • Wendell Phillips Academy High School

    0.50 miles

  • Hendricks Elementary School

    0.55 miles

  • Fuller Elementary School

    0.60 miles

  • Holy Angels School

    0.66 miles

  • UChicago Child Development Center - Drexel

    2.03 miles

  • The Goddard School

    2.59 miles

  • DJ Brooks Child Development Center

    3.91 miles

  • Brighton Park Early Learning Center

    3.97 miles

  • Taylor Tots

    4.05 miles

  • New Zion Childcare Academy

    4.19 miles

  • Bright Horizons

    4.76 miles

  • Ada S. McKinley, Ersula Howard Child Care Center

    4.84 miles

  • Adams Street Child Care Center

    4.98 miles

  • Kenyatta's Day Care and Learning Center

    5.00 miles

Frequently Asked Questions

What is the lease rate for 42nd and Michigan Portfolio (4208, 4213, & 4220 S. Michigan Ave)?

Rental asking rate at 42nd and Michigan Portfolio (4208, 4213, & 4220 S. Michigan Ave) is $5,250,000.00/YR.

What is the total square footage of 42nd and Michigan Portfolio (4208, 4213, & 4220 S. Michigan Ave)?

42nd and Michigan Portfolio (4208, 4213, & 4220 S. Michigan Ave) totals 68,900 square feet.

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Contact Listing Broker

broker

Noah Birk

Kiser Group

(773) 293-5090