$4,450,000 Price Analysis    ♡   Chicago, IL 60653 69 bed 26 bath unknown SqFt ($0/SqFt) 0.37 acre lot. Built 1916 Listed 2024-02-07, Taxes $36,695 | Ⓧ USDA Ineligible due to price & location near Chicago |
4220 S.
Michigan is a 26-unit property located Chicago's historic Bronzeville neighborhood. The asset is ideally situated on a beautiful, tree-lined street blocks away from Metcalfe Park, providing asy access I-90 and Chicago's downtown. 4220 S. Michigan is comprised of an incredibly desirable unit mix, consisting of one (1) studio, seven (7)2BD/1BA and eighteen (18) 3BD/1BA units. All Units are incredibly vast and have gone through updates both cosmetically and mechanically.
Recent improvements to the building includes but are not limited to, newer roofs, renovated kitchens and bathrooms, in-unit HVAC and copper plumbing. 4220 S. Michigan provides investors with the unique opport unity to obtain a stabilized, cash flowing asses in one of Chicago's most rapidly appreciating neighborhoods. From day one, an investor will realize an in-place cap rate over 6.05% and a cash return of under 7%. Additionally, an investor has the option to assume the existing debt (terms below) through Freddie Mac. 4220 S Michigan Ave: - $2, 464, 000 - 3.67% Rate -2 Years Remaining
Presented by John George at
Kiser Group Realty Inc.
Property MLS #11976342 from MRED
Lot Size Dimensions: 102' X 159'
Lot Size Square Feet: 16218
Calculated Total Monthly Association Fees: 0
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 4
Total Rooms in Unit-3: 3
Unit-1 Description: Unit 1, Units Total: 18
Unit-2 Description: Unit 2, Units Total: 7
Unit-3 Description: Unit 3, Units Total: 1
Unit-4 Description: Unit 4
Unit-5 Description: Unit 5
Unit-6 Description: Unit 6
Unit-7 Description: Unit 7
Source Listing Status: Active
County: Cook
Directions: Heading West on East 43rd Street, head past the 43rd Street CTA Station for two blocks, then turn right onto South Michigan Avenue, where the property sits four buildings in on the left.
Tax Year: 2022
Source Property Type: Multi-Family
Parcel Number: 20031190180000
Property Subtype: Multi Family 5+
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2021 | $172,672 + $9,268 $181,940 | $36,695 |
| 2020 | $97,906 + $9,268 $107,174 | $23,875 |
| 2019 | $97,906 + $9,268 $107,174 | $21,532 |
| 2018 | $76,954 + $9,268 $86,222 | $17,031 |
| 2017 | $69,288 + $7,582 $76,870 | $16,547 |
| 2016 | $42,197 + $7,582 $49,779 | $9,970 |
| 2015 | $69,176 + $7,582 $76,758 | $14,065 |
| 2014 | $42,689 + $7,582 $50,271 | $9,327 |
| 2013 | $45,186 + $7,582 $52,768 | $9,597 |
| 2012 | $37,051 + $7,582 $44,633 | $8,009 |
| 2011 | $46,454 + $7,582 $54,036 | $8,756 |
| 2010 | $75,149 + $9,857 $85,006 | $13,832 |
| 2009 | $75,487 + $12,132 $87,619 | $13,662 |
| 2007 | $48,971 + $11,121 $60,092 | $8,534 |
| 2006 | $92,121 + $12,132 $104,253 | $14,966 |
$0
RentalBeast
Listed for rent 2024-05-13
$1,499
RentalBeast
Listed 2024-02-07
$4,450,000
MRED
Listing removed 2023-01-14
$0
You Got Listings
Listed for rent 2023-01-13
$1,661
You Got Listings
Listing removed 2023-01-13
$0
You Got Listings
Listing removed 2023-01-12
$0
You Got Listings
Listing removed 2023-01-11
$0
You Got Listings
Listing removed 2023-01-07
$0
You Got Listings
Listed for rent 2023-01-06
$1,661
You Got Listings
Listing removed 2023-01-06
$0
You Got Listings
Listing removed 2023-01-05
$0
You Got Listings
Listed for rent 2023-01-05
$1,661
You Got Listings
Listed for rent 2023-01-02
$1,661
You Got Listings
Listing removed 2023-01-02
$0
You Got Listings
Listed for rent 2023-01-01
$1,661
You Got Listings
Listing removed 2023-01-01
$0
You Got Listings
Listing removed 2022-12-31
$0
You Got Listings
Listed for rent 2022-12-31
$1,661
You Got Listings
Listed for rent 2022-12-30
$1,661
You Got Listings
Listing removed 2022-12-30
$0
You Got Listings
Listed for rent 2022-12-29
$1,661
You Got Listings
Listing removed 2022-12-29
$0
You Got Listings
Listing removed 2022-12-28
$0
You Got Listings
Listed for rent 2022-12-28
$1,661
You Got Listings
Listed for rent 2022-12-15
$1,661
You Got Listings
Listing removed 2020-11-21
$0
AppfolioUnits
Listing removed 2020-10-29
$0
AppfolioUnits
Listed for rent 2020-10-21
$1,350
AppfolioUnits
Listing removed 2020-10-17
$0
AppfolioUnits
Listed for rent 2020-09-22
$1,350
AppfolioUnits
Listed for rent 2020-09-16
$1,350
AppfolioUnits
Listing removed 2020-09-08
$0
AppfolioUnits
Listed for rent 2020-08-09
$1,350
AppfolioUnits
Sold 2020-03-03
$3,250,000
Public Record
Sold 2017-08-22
$7,675,000
Public Record
Sold 1993-12-08
$765,000
Public Record
Property Age: 108
Levels or Stories: 4
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.