Bronzeville Multifamily Investment
For Sale
Contact for pricing
4034 S Prairie Avenue, Chicago, IL 60653
Renovated 8-unit building in rapidly expanding Bronzeville neighborhood.
Property Size9,600 SF
Price / SF$153.65
Days on Market181
Property Features for 4034 S Prairie Avenue
General Information
Standard status
Active
Size
9,600 SF
Property subtype
Multifamily
Building Details
Units
8
Tenancy
Single
Listing Agency:
Kiser Group
(773) 293-5032
Listed By:
Aaron Sklar · License #IL 475161507
Source:
Crexi
Added: Feb 23
Changed: Aug 8
Last Checked: Aug 22 at 6:01PM
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
Investment Insights
Based on property information with market context.
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%.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
947
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
Questions? Ask Rey
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Frequently Asked Questions
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 Avenue 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.
