Property Overview

Interra Realty has been exclusively engaged to present for sale 4139-41 S. Prairie Ave. The property is an 8 unit building consisting of seven (7) 3BDR/1BA units and one (1) 2BDR/1BA units. Located in Chicago's Bronzeville neighborhood, the asset presents qualified investors with the opportunity to acquire a fully stabilized building that has experienced a significant amount of recent capital improvements.

Highlights

  • Desirable Unit Mix: (7) 3 BDR/1BA & (1) 2BDR/1BA Units
  • 7/8 of the Units Have Been Gut-Rehabbed with the 8th Unit Significantly Updated
  • Newer Electrical, Windows, Copper Plumbing, Entranceway and Common Areas
  • Individual Furnaces in All Units
  • Updated Kitchen and Baths with Condo Quality Finishes
  • Walking Distance to New 75,000 SF Mariano’s at Pershing and MLK Dr.
  • Close Proximity to Both Illinois Institute of Technology (IIT) & The University of Chicago

Key Details

Asking Price
$1,100,000
Number of Units
8
Lot Size
6,534 SF
Cap Rate
7.75%