Property Overview

Interra Realty has been exclusively engaged to market for sale 4034-36 S. Prairie Avenue, a center entrance 8-unit apartment building in Chicago’s historic Bronzeville neighborhood. The property features eight (8) 3BD/ 1BA units with identical floorplans.

Throughout the course of current ownership, units have experienced varied improvements from new kitchen cabinetry to modern appliances, and all unitsfeature individual furnaces and hot water storage tanks. In addition, the property features gated on-site parking for tenant convenience in addition to easy access to local shopping and public transportation.

A new investor has an opportunity to acquire a well-maintained asset in one of Chicago's most sought-after rental markets. In addition, there is an opportunity to add substantial value and capitalize on below-market rents, through the modernization of sizeable, highly desirable floor plans.

Highlights

  • Ideal unit mix of all 3 BD/1 BA apartments with jumbo layouts.
  • Gated surface parking lot located behind the property
  • All vintage units/significant value add opportunity
  • New porches installed approx. 6 years ago
  • In-unit furnaces and water tanks throughout.

Key Details

Number of Units
Eight (8)
Year Built
1895
Submarket
Bronzeville
Sale Price
$830,000
Transaction Date
2022