South Loop Multifamily Apartment
1323 S Michigan Ave Chicago, IL 60605
For Sale
$9,000,000
30-unit apartment building featuring a mix of 1-, 1.5-, and 2.5-bedroom residences.
Days on Market113
Property Features for 1323 S Michigan Ave
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing Agency:
Chicago Downtown Office
(312) 327-5455
Listed By:
Kyle A. Stengle · License #IL: 475.138461
(312) 327-5455
Source:
Marcusmillichap
Added: Apr 3
Changed: Jul 23
Last Checked: Jul 23 at 8:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chicago Downtown Office
Investment Insights
Based on property information with market context.
This 30-unit multifamily apartment building offers a diversified residential unit mix, including 13 one-bedroom units with one bathroom, five 1.5-bedroom units with one bathroom, six 1.5-bedroom units with two bathrooms, and six 2.5-bedroom units with two bathrooms. The property is positioned as an income-producing residential asset in a high-density urban setting.
Located at 1323 S Michigan Ave in Chicago’s South Loop neighborhood, the building benefits from established, transit-oriented demand. The area is described as walkable with a dense mix of residential towers and retail/lifestyle amenities. Residents have access to public transportation via nearby CTA Red, Green, and Orange Lines, as well as Metra and major bus routes.
The unit mix is designed to serve a range of household sizes, supporting consistent occupancy potential within the South Loop’s renter-focused environment.
Located at 1323 S Michigan Ave in Chicago’s South Loop neighborhood, the building benefits from established, transit-oriented demand. The area is described as walkable with a dense mix of residential towers and retail/lifestyle amenities. Residents have access to public transportation via nearby CTA Red, Green, and Orange Lines, as well as Metra and major bus routes.
The unit mix is designed to serve a range of household sizes, supporting consistent occupancy potential within the South Loop’s renter-focused environment.
Key Highlights
- 30‑unit multifamily building at 1323 South Michigan Avenue in Chicago’s South Loop.
- Unit mix includes 13 one‑bedroom/1‑bath units, 5 one‑bedroom‑plus/1.5‑bath units, and 12 larger units (1.5–2.5 bedrooms).
- Includes 6 units with 1.5 bedrooms/2 bathrooms and 6 units with 2.5 bedrooms/2 bathrooms.
Property Analytics
Location Intelligence
Current Use by Public Records
Triad Building & Development
Construction Company
1323 S Michigan ...
Apartment Building
FAQs
What type of property is this?
Apartment building - 30-unit apartment building featuring a mix of 1-, 1.5-, and 2.5-bedroom residences.
Where is this apartment building located?
The property is located at 1323 S Michigan Ave Chicago, IL.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: 30‑unit multifamily building at 1323 South Michigan Avenue in Chicago’s South Loop.; Unit mix includes 13 one‑bedroom/1‑bath units, 5 one‑bedroom‑plus/1.5‑bath units, and 12 larger units (1.5–2.5 bedrooms).; Includes 6 units with 1.5 bedrooms/2 bathrooms and 6 units with 2.5 bedrooms/2 bathrooms.
