4131 S Michigan Avenue

* Pristine Bronzeville Location * Updated Kitchens and Baths * Spacious Living Rooms & Separate Dining Rooms * Incredible Value Add Opportunity * Gross Income: $82,640 (with 5% vacancy) * NOI: $55,710 Property is a center entranced six (6) unit located in Chicago's historic Bronzeville neighborhood. The subject site sits directly in the core of one of Chicago's most rapidly expanding neighborhoods and is roughly two (2) blocks away from Chicago's Green Line, "El", train station at Indiana, and is less than half (0.5) a mile away from Bronzeville's newly open Mariano's Grocery Store. Property is comprised of six (6) incredibly spacious units made up of five (5) 2b/1ba units and one (1) 1b/1ba. All the units are incredibly large and include both a formal living and dining room with beautiful, original hardwood flooring throughout. Moreover, all the units feature newly updated kitchens and baths as well. Recent capital improvements to the building consist of, but not limited to: new windows (2015), an updated central boiler, updated copper plumbing as needed, as well as a code compliant porch. Additionally, there is also a laundry facility on site featuring both a washing and drying machine. Currently, four (4) out of the six (6) existing tenants are subsidized through Chicago Housing. Furthermore, there is a two (2) car garage on site as well as (5) parking spots in the rear, which provides the tenants with an additional amenity.