www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31089298
31089299

1323 S Michigan Ave, Chicago, IL 60605 For Sale

KS
IL 475.138461
Marcus & Millichap - Chicago Downtown
Listed by Marcus & Millichap - Chicago Downtown
$9,000,000
124 days on market
Updated 124 days ago

1323 S Michigan Avenue

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 34,926
Net Rentable (SqFt) 30,370
Units 30
Cap Rate 5.74%
NOI $516,277
Price per SqFt $258
Year Built 2007
Buildings 1
Stories 5

Multifamily | 30 Units | $300,000/unit

Marketing description

1323 South Michigan Avenue is a 30-unit multifamily asset located in the heart of Chicago’s South Loop neighborhood, one of the city’s most established and transit-oriented residential submarkets. Positioned along South Loop’s Michigan Avenue, the property benefits from strong visibility and immediate access to downtown employment centers, cultural institutions, and lakefront amenities. The South Loop is characterized by high-density residential development, a growing professional population, and sustained renter demand driven by proximity to the Loop and major transportation hubs.

The property is surrounded by a dense mix of residential towers, retail, and lifestyle amenities, creating a highly walkable urban

environment. Residents benefit from direct access to public transportation via nearby CTA Red, Green, and Orange Lines, along with Metra and major bus routes, providing efficient connectivity throughout the city.

Listing Contacts

KS
IL 475.138461
Marcus & Millichap - Chicago Downtown
Listed by Marcus & Millichap - Chicago Downtown

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$516,277.00
$43,023.08/mo

Valuation Metrics

0
DSCR
5.74%
Cap Rate
5.74%
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591