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Three-Unit Greystone with Rear Porches

4408 S Michigan Avenue, Chicago, IL 60653

For Sale
$839,000

Three residences offer separate utilities, private outdoor decks, and gated parking with one space assigned to each unit.

Property SizeContact for details
Days on Market30

Property Features for 4408 S Michigan Avenue

General Information

Standard status Active
Total Parking Spaces 3
Property subtype Residential Income

Site & Location

Neighborhood Bronzeville
Public Transit Yes

Units

Unit Mix 3 x 3BR/2BA
Multifamily Units 3
Parking per Unit 1
Individually Metered Utilities unspecified utilities

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $11,687

Building Details

Buildings 1
Construction greystone
Listing Agency: @properties Christie's International Real Estate
Listed By: Rosa Sanchez-Fryer
Source: Gogginrealestate
Added: Oct 12 Changed: Nov 7 Last Checked: Nov 9 at 2:13PM

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 @properties Christie's International Real Estate

Rey
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Investment Insights

Based on property information with market context.

This Chicago greystone contains three residences, each configured with three bedrooms, two full bathrooms, and a formal dining room. Interior features include hardwood floors, high ceilings, in-unit laundry, and kitchens with granite counters and space for a breakfast table. Separate meters, furnaces, and water heaters serve each unit. New rear porches provide private outdoor decks, and the gated parking area has one dedicated space per residence.

The first- and second-floor apartments are occupied, while the third-floor unit is vacant. A full basement offers additional space, with potential for a dwelling unit or expanded living area. The property is on a tree-lined street in Bronzeville, minutes from public transportation, parks, and the dining, shopping, and cultural offerings of Hyde Park and the South Loop.

Key Highlights

  • Three units, each with 3 bedrooms, 2 full bathrooms, and a formal dining room
  • First- and second‑floor units occupied; third‑floor residence vacant
  • Separate meters, furnaces, and water heaters for each apartment

Property Analytics

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,147
Businesses Nearby

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

Properties on Market for Triplexes in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three residences offer separate utilities, private outdoor decks, and gated parking with one space assigned to each unit.
Where is this triplex located?
The property is located at 4408 S Michigan Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: Three units, each with 3 bedrooms, 2 full bathrooms, and a formal dining room; First- and second‑floor units occupied; third‑floor residence vacant; Separate meters, furnaces, and water heaters for each apartment
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