SRO Hotel with Resident
For Sale
Contact for pricing
5020 S Michigan Avenue, Chicago, IL 60615
Lodging property with mixed room configurations, apartment accommodations, balconies, and resident laundry facilities.
Property SizeContact for details
Days on Market144
Property Features for 5020 S Michigan Avenue
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
SVN | Chicago Commercial
Listed By:
Dawn Overstreet · License #IL 475156479
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 31 at 7:10AM
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 SVN | Chicago Commercial
Investment Insights
Based on property information with market context.
The Michigan Avenue Hotel is a 40-unit lodging property comprising 38 SROs and 2 apartments. Six balconies serve the property, while 15 units have private bathrooms and 25 have en suite bathrooms shared between two units. The apartments include a kitchen installed in 2015, and residents have access to on-site laundry facilities.
Located at 5020 S. Michigan Avenue in Chicago, the property is near Provident Hospital of Cook County and several transportation options. Access includes the Dan Ryan Expressway, the Green Line El stop, and numerous bus lines.
Located at 5020 S. Michigan Avenue in Chicago, the property is near Provident Hospital of Cook County and several transportation options. Access includes the Dan Ryan Expressway, the Green Line El stop, and numerous bus lines.
Key Highlights
- 40 units: 38 SROs and 2 apartments
- 15 units with private bathrooms; 25 with en suite bathrooms shared between 2 units
- 6 balconies across the property
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,283
Businesses Nearby
Explore this area
Business Placement
Demographics for 60615, IL
43,502
Population
24,997
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
93%
High-School Grad
2.2 sq mi
ZIP Area
19,774
Density / Sq Mi
$62,105
Median Household Income
$47,186
Median Earnings
$1,444
Median Rent
$305,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Hotel - Lodging property with mixed room configurations, apartment accommodations, balconies, and resident laundry facilities.
Where is this hotel located?
The property is located at 5020 S Michigan Avenue Chicago, IL.
What are key features of this property?
This property features: 40 units: 38 SROs and 2 apartments; 15 units with private bathrooms; 25 with en suite bathrooms shared between 2 units; 6 balconies across the property
