4412-14 S Prairie Ave
Multifamily | 6 Units | $150,000/unit
Marketing description
4412-14 S Prairie Avenue presents a rare opportunity to acquire a fully stabilized, 100% occupied 6-unit multifamily asset in Chicago's rapidly appreciating Bronzeville / Grand Boulevard corridor. The building features a premium unit mix of large-format 2-, 3-, and 4-bedroom layouts that drive exceptional tenant demand, retention, and rent growth relative to typical Bronzeville inventory.
Tenants pay their own electric and heat, supporting lean operating expenses and strong NOI. The in-place rent roll of $10,250/month ($123,000 annualized) reflects a newly completed lease-up with genuine market rents.
Situated on a well-maintained residential block, 4412-14 S Prairie benefits from proximity to the CTA Green Line, Lake Shore Drive, the Museum of Science and Industry, Illinois Institute of Technology, and a rapidly expanding retail and dining corridor.
Investment highlights
- 100% Occupied — Fully leased 6-unit building with stable, long-term tenant base.
- $123,000 Annualized Gross Income — Current rent roll of $10,250/month reflects genuine market rents achieved through recent lease-up.
- Large-Format Unit Mix — Premium 2BD, 3BD, and 4BD layouts significantly outperform smaller units in tenant demand, retention, and rent trajectory.
- Modernized Interiors — Renovated units feature white shaker cabinets, granite countertops, stainless steel appliances, subway tile, and updated hardwood flooring.
- Tenant-Paid Utilities — Tenants pay electric and heat, reducing owner operating costs and supporting favorable NOI.
- Strong Going-In Metrics — At $899,999 the asset trades at a 7.3x GRM with verified 2025 NOI of $40,461.
- Professionally Managed — Managed by Marblestone Property Group with full expense documentation, lease compliance, and operational efficiency.
- Bronzeville / Grand Boulevard Location — One of Chicago's fastest-appreciating multifamily submarkets, with strong fundamentals, ongoing development, and proximity to transit, universities, and the lakefront.
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