4950 S Michigan Ave, Chicago, IL 60615

TRANSPORTATION & CONNECTIVITY

The Property is served directly by CTA’s South Michigan Avenue bus service, providing frequent north–south service and connections to other city routes. Several additional bus lines operate along nearby corridors such as State Street and 63rd Street, expanding options for local and cross-town travel. Residents are within walking distance of CTA “L” stations on the Green Line, providing direct access to Downtown Chicago and other key neighborhoods, as well as Metra Electric District service for regional commuter rail connections. For drivers, the address is a short drive to major arterials that link efficiently to Chicago’s expressway network.

AREA AMENITIES & DEMAND DRIVERS

Demand for apartment housing is supported by proximity to major institutional and public-sector employers, including the nearby Chicago Police Department headquarters, Chicago Public Schools facilities, and area social service and educational institutions such as Illinois Institute of Technology and the Illinois College of Optometry, all of which generate steady renter demand from employees and students.

Residents benefit from walkable access to everyday amenities, with retail, dining, and neighborhood services concentrated along corridors like East 51st Street and within Bronzeville’s cluster of local restaurants, cafes, grocery options, and small businesses.

Nearby attractions include the Harold Washington Cultural Center, Washington Park, access to the Lakefront and Burnham Park, and proximity to attractions like Guaranteed Rate Field, the Museum of Science and Industry, McCormick Place, and the University of Chicago.

DYNAMIC CHICAGO LOCATION

The Property benefits from a dynamic South Side location within Chicago, providing convenient access to downtown employment centers, major transportation corridors, and the city’s diverse economic base. The property is adjacent to several prominent higher-education institutions, including University of Chicago, Illinois Institute of Technology, and other nearby campuses, which support a steady pool of student, faculty, and staff housing demand.

SEPARATELY METERED UTILITIES

Tenants are responsible for all utilities at the Property. This includes gas powered heat & hot water, individually metered electricity, and city water and sewer, all of which tenants pay directly.

OFF-STREET PARKING & AMENITIES

The Property offers off-street parking with two (2) spaces available, an added amenity for tenants to have a car while residing in the Chicago suburbs.

STRONG RENTAL DEMOGRAPHICS & DEMAND

More than 31,200 people live within 1 mile of the Property with an average household income of $75,939. Over 285,000 people reside within 3 miles of the Property with an average household income of $85,676.

QUALITY OF LIFE AMENITIES

Bronzeville’s restaurant scene features popular local spots such as Chicago’s Home of Chicken & Waffles on South King Drive, Peach’s Restaurant on King Drive, Truth Italian Restaurant on Pershing Road, Pearl’s Place on South Michigan Avenue, and Yassa African Restaurant on East 47th Street, offering everything from classic soul food and Southern breakfast to African and Italian cuisine.

Grocery and convenience needs are served by neighborhood markets and larger national grocers like Food 4 Less locations elsewhere in the city, which offer full-line supermarket shopping, fresh produce, and household essentials.

Nearby retail amenities include local convenience and specialty shopping in the South Loop as well as access to major retail corridors just a short ride away, such as Roosevelt Collection Shops and Block 37 in the Loop, and the world-renowned The Shops at North Bridge, 900 North Michigan Shops (including Bloomingdale's), and Water Tower Place along Michigan Avenue’s premier retail spine.