4220 South Michigan Avenue
4220 South Michigan Avenue
$4,450,000
69
26
—
—
—
Description
4220 s. Michigan is a 26-unit property located Chicago's historic Bronzeville neighborhood. The asset is ideally situated on a beautiful, tree-lined street just blocks away from Metcalfe Park, providing easy access I-90 and Chicago's downtown. 4220 S. Michigan is comprised of an incredibly desirable unit mix, consisting of one (1) studio, seven (7)2BD/1BA, and eighteen (18) 3BD/1BA units. All Units are incredibly spacious and have gone through updates both cosmetically and mechanically. Recent improvements...4220 s. Michigan is a 26-unit property located Chicago's historic Bronzeville neighborhood. The asset is ideally situated on a beautiful, tree-lined street just blocks away from Metcalfe Park, providing easy access I-90 and Chicago's downtown. 4220 S. Michigan is comprised of an incredibly desirable unit mix, consisting of one (1) studio, seven (7)2BD/1BA, and eighteen (18) 3BD/1BA units. All Units are incredibly spacious and have gone through updates both cosmetically and mechanically. Recent improvements to the building includes but are not limited to, newer roofs, renovated kitchens & bathrooms, in-unit HVAC, and copper plumbing. 4220 S. Michigan provides investors with the unique opportunity to obtain a stabilized, cash flowing asses in one of Chicago's most rapidly appreciating neighborhoods. From day one, an investor will realize an in-place cap rate over 6.05% and a cash return of just under 7%. Additionally, an investor has the option to assume the existing debt (terms below) through Freddie Mac. 4220 S Michigan Ave: - $2,464,000 - 3.67% Rate -2 Years Remaining
- Listed by John George • Kiser Group Realty Inc
- Listed by Joseph Bianchi • Kiser Group Realty Inc
Property Details for 4220 South Michigan Avenue
Area
CHI - Grand Boulevard
Location
LISTING UPDATED: 03/19/2024 11:53 AM
Property Details for 4220 South Michigan Avenue
Status | Active |
---|---|
MLS # | 11976342 |
Days on Market | 114 |
Taxes | $37,539 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Multi Family 5+-Courtyard |
Year Built | 1916 |
Lot Size | 0.37 AC / 16,218 SF |
County | Cook County |
Location
Building Information for 4220 South Michigan Avenue
Stories-Residences26Year Built1916Building Size-Lot Size0.37 AC / 16,218 SF
Payment Calculator
$27,414 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 4220 South Michigan Avenue
Property History for 4220 South Michigan Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 4220 South Michigan Avenue
Taxable ValueLand-Additions-Total-
Home Facts
Lot Size2,683 SqFtStyleGovernmental / Public UseCountyCOOKAPN20-02-125-011
Schools near 4220 South Michigan Avenue
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 11 to 12 | |||
Public - | K to 4 |
Rating | School | Distance |
---|---|---|
Beethoven Elementary School PublicPK to 8 | ||
Phillips Academy High School Public9 to 12 | ||
Community Services West High School Public11 to 12 | ||
Bronzeville Classical Elementary School PublicK to 4 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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