Closed

$1,020,000

4934 Michigan Avenue, Chicago, IL 60615
11 Beds7 Baths15 days
4934 Michigan Avenue·Chicago, IL 60615
11Bedrooms
7Bathrooms
1910Year Built
About This Home

This expansive, beautifully updated legal 4 unit building in Bronzeville is a prime investment opportunity. The beautiful property features four large units, plus an additional 5th in-law suite located at the front of the first floor, offering significant income potential. Each apartment is generously sized, featuring formal living and dining rooms, stainless steel appliances, granite countertops, and refinished hardwood flooring and trim throughout. Recent updates include new hot water heaters, updated kitchens and bathrooms, new stoves, refrigerators, washer, dryer, updated plumbing, tuckpointing, and sidewalks. The fully furnished garden unit, complete with recessed lighting and all-new appliances, is ready for Airbnb or short-term rental. With a 3-car garage and one unit delivered vacant, this building is perfect for owner-occupants or investors. Located in a highly desirable area, close to public transportation, parks, and the vibrant amenities of Bronzeville and Hyde Park, this property combines spacious living with easy access to downtown Chicago. Don't miss this rare opportunity to own a meticulously maintained building with huge income potential! Schedule your private tour now.

MLS# 12182964Listed October 8, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms11
Total Bathrooms7
Total Rooms21

Size & Structure

Garage Spaces3
Year Built1910
Lot Size5600

Location

CountyCook
TownshipHyde Park
Zip Code60615

Financial

List Price$1,020,000
Annual Taxes (2023)$9,737
Monthly Tax Est.$811
Parcel #20101130300000
Interior Features

Heating

Natural Gas

Basement

FinishedFull
Exterior & Lot

Construction

Brick

Roof

Rubber

Foundation

Concrete Perimeter

Exterior Features

Balcony

Patio & Porch

Porch
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

On SiteGarage OwnedDetachedGarage
HOA & Community

Community Features

Gated
Tax & Financial
Annual Taxes
$9,737
Tax Year 2023
Monthly Tax Est.
$811
per month
Property Location

4934 Michigan Avenue, Chicago, IL 60615Cook County

$1,020,000
4934 Michigan Avenue
11 bd7 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
15 days on market
3-car garage
5600
$9,737/yr taxes
$6,172
estimated monthly payment
Principal & Interest
$5,361/mo
Property Tax
$811/mo
$1,020,000
20% — $204,000
3%50%
6.875%
3%12%
Loan Amount
$816,000
Down Payment
$204,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Coldwell Banker Realty
Agent: Tina Hollins
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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