Property Overview

Interra Realty has been exclusively engaged to present for sale 4417-19 S. Prairie Ave. The property is an 8 unit apartment building consisting of four (4) 3 BD/1 BA units, two (2) 2 BD/1 BA units & two (2) 1 BD/1 BA garden units. Located in Chicago's Bronzeville neighborhood, the asset presents qualified investors with the opportunity to acquire a stabilized building that has undergone significant capital improvements.

Highlights

  • Desirable Unit Mix: Four (4) 3 BD/1 BA Units, Two (2) 2 BD/1 BA Units & Two (2) 1 BD/1 BA Garden Units
  • 7 of 8 units Have Seen Some Level of Update to Kitchens and Baths
  • Newer Water Tank & 5 Year Old Boiler
  • Gated Parking Lot in Back of Building
  • Porches Updated within Last 5 years
  • Laundry Room Located in Basement
  • Close Proximity to Both Illinois Institute of Technology (ITT) & The University of Chicago

Key Details

Asking Price
$830,000
Number of Units
8
Lot Size
6,098 SF
Cap Rate
7.5%
Year Built
1884