Property Overview
Interra Realty is pleased to present for sale, on an exclusive basis, for 4947-49 S. Michigan Ave. Located in Chicago's historic Bronzeville neighborhood, the subject property are comprised of six (6) extremely spacious three bedroom, 2 bathoom apartments and two non-conforming basement apartments.
Each unit is in varying condition, some featuring modern kitchen cabinetry, counter tops and bathroom surrounds while others are in need of repair. Building upgrades over approximately the last 10 years include new electric service with individual panels for each apartment, a newer rear porch system and a
newer tear off roof. There is a mix of copper and galvanized plumbing. Additionally, the property includes rear parking, via surface lot and brick garage.
The subject property is currently 50% vacant and presents qualified investors the opportunity to complete a rehab of the property and recreate a rent roll in a rapidly appreciating area.
Highlights
- Highly Desirable Jumbo Floor Plans
- Dynamic Bronzeville Location
- On-Site Garage Parking
- Potential to Push Rents Through Unit Modernization