4034 S Prairie Ave Chicago, IL 60653
Renovated 8-unit building in rapidly expanding Bronzeville neighborhood.
Type:Multifamily
Property size:
9,600 SF- Added:
- Feb 23, 2026
- Days on Market:
- 37
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 4034 S Prairie Ave
General Information
- Standard status
- Active
- Size
- 9,600 SF
- Property subtype
- Multifamily
Listing agent Aaron Sklar License #IL 475161507
Listing office Kiser Group (773) 293-5032
Listing date Feb 23, 2026
Source Crexi
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 Kiser Group
Overview
Bronzeville Multifamily Investment Opportunity
Located in the Bronzeville neighborhood of Chicago's South Side, 4034 S. Prairie Ave is an eight-unit walk-up building. The property is situated in a rapidly expanding neighborhood, approximately a 15-minute drive from downtown Chicago. The building features a unit mix of eight 3-bedroom, 1-bathroom units. The units have spacious layouts and have been extensively renovated with high-end finishes. Capital improvements include individual furnaces, in-unit hot water tanks, copper plumbing, a new electric system, and renovated kitchens and baths with granite countertops and stainless steel appliances. The building size is 9,600 square feet. This property offers an investor the opportunity to acquire a cash-flowing building. The in-place cap rate is 7.03%.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6203919
- Latitude
- 41.8209018
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Renovated 8-unit building in rapidly expanding Bronzeville neighborhood.
Where is this apartment building located?
The property is located at 4034 S Prairie Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Strong positive cash flow with an in‑place cap rate of 7.03%.; Opportunity to increase the cap rate to over 7.7% due to unit quality and location.; Located in Bronzeville, one of Chicago's most rapidly expanding neighborhoods.
