4201 S MICHIGAN AVE Chicago IL 60653-3185

4201 S Michigan Avenue unit mix consists of (15) 2 Bed 2 Bath units and (6) 3 Bed 2 Bath units. Major Capital Improvements Include: Renovated units with updated kitchens and baths. All units are equipped with high end appliances and In-unit laundry. Updated mechanical systems include: new electrical service, in-unit furnaces and water tanks, newer roof, new porches and newer windows.

The city of Chicago has recently initiated phase one of a Bronzeville 3.8 Billion Dollar development project which will significantly enhance the already booming Market. This is a rare opportunity to acquire premium assets in a strong market, perfectly positioned for long-term growth and value appreciation.

Asking Price: $4,475,000

4201 S Michigan Ave Assumable Loan Information

Lender – Freddie Mac

Servicer - Greystone

Fixed Rate – 4.95%

Maturity Date- 4/01/2029

DSCR – 1.38

LTV – 77%