Bronzeville Multifamily Investment
For Sale
$1,450,000
4139 South Prairie Avenue, Chicago, IL 60653
8 unit walkup building in Chicago's historic Bronzeville neighborhood
Property Size9,400 SF
Lot Size0.22 Acres
Price / SF$154.26
Days on Market583
Property Features for 4139 South Prairie Avenue
General Information
Standard status
Active
Property type
Multifamily properties, Residential income homes, Other residential income properties, Residential income properties, Investment properties
Size
9,400 SF
Elevators
N/A
Lot size
0.22 Acres
Building Details
Buildings
1
Stories
3
Units
8
Listing Agency:
(630) 209-3622
Listed By:
Noah
(630) 209-3622
Added: Jan 16, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This eight-unit walk-up building is located in Chicago's Bronzeville neighborhood. The property includes seven three-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit. Two units have been recently renovated with updated kitchens and bathrooms. The units feature a combination of hardwood, carpet, and LVP flooring, along with spacious living and dining areas. Building improvements include updated electric (400 amps), copper plumbing, and a new porch installed in 2023. Each unit has individual furnaces and hot water tanks. The property is located two blocks from the Green Line "EL" train station at 43rd Street and I-90, providing access to downtown Chicago. The property offers a 7.03% cap rate. The property sits on a 0.2157943067033976-acre lot and totals 9400 square feet.
Key Highlights
- Seven (7) 3Bd/1Ba & One (1) 2Bd/1Ba
- Updated, High End Kitchens & Baths
- Individual HVAC & Hot Water Tanks
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,125
Businesses Nearby
Explore this area
Business Placement
Demographics for 60653, IL
33,146
Population
18,279
Households
1.8
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
2.4 sq mi
ZIP Area
13,811
Density / Sq Mi
$39,565
Median Household Income
$49,335
Median Earnings
$856
Median Rent
$347,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - 8 unit walkup building in Chicago's historic Bronzeville neighborhood
Where is this multifamily property located?
The property is located at 4139 South Prairie Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Seven (7) 3Bd/1Ba & One (1) 2Bd/1Ba; Updated, High End Kitchens & Baths; Individual HVAC & Hot Water Tanks
