Property Overview

4040 S. Prairie Ave. is an 8-unit new construction multifamily apartment building located in Chicago’s Bronzeville neighborhood. The unit mix features four (4) 3 BD/2.5 BA duplex units and four (4) 2 BD/2BA units. The building presents qualified investors the opportunity to acquire a fully stabilized building with condo quality finishes.

Highlights

  • Individual HVAC, Individual Hot Water Heaters, Washer/Dryer, Dishwasher in All Units
  • Condo Quality Finishes Throughout: Stainless Steel Appliances, Granite Counter Tops, En Suite Master Bathrooms, Steel Balconies
  • On-site Gated Parking with 8 Parking Spaces
  • Walking Distance to New 75,000 Sq Foot Mariano’s at Pershing and MLK Dr.
  • Close Proximity to Both Illinois Institute of Technology (ITT) & The University of Chicago

Key Details

Asking Price
$1,200,000
Number of Units
8
Lot Size
6,098 SF
Year Built
2007
Cap Rate
7.72%