11000 Michigan Ave, Chicago, IL 60628-4309
- Retail space
- 1,600 SF
- 0.41 lot acres
Current Use by Public Records
- Be Unstoppable Training Facility / Gym & Fitness Center
Property Details for 11000 Michigan Ave
- Year built
- 1927
- Lot size
- 0.41 lot acres
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 25-15-320-014
- APU
- 2515320014
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 24, 2022 | — | A & S Capital LLC | — | Deed · related | — |
| Aug 2, 2022 | $2,000,000 | 11000 S Michigan Ave LLC | Chicago Title Land Trust Company | Deed | $138k · A & S Capital LLC |
| May 17, 2018 | — | Chicago Title & Trust Co | — | Deed · related | $986k · Urban Ptshp Bk |
| Aug 31, 2017 | — | Trust 2005-08 | — | Deed · related | $2M · Urban Ptshp Bk |
| Jan 12, 2007 | $1,775,000 | Trust 2005-08 | Z Realty Holdings LLC | Warranty Deed | $1.6M · Bank Financial Fsb |
| Apr 12, 2005 | — | Z Realty Holdings LLC | A2z LLC | Quit Claim Deed · related | $862k · First Equity Bank |
| Apr 12, 2005 | $157,500 | Z Realty Holdings LLC | Amcd LLC | Warranty Deed · related | — |
| Mar 8, 2004 | $1,345,000 | A2z LLC | Lasalle Bank NA Trustee | Grant Deed | $880k · First Equity Bank |
| Feb 18, 2000 | — | Lasalle Bank NA Trustee | Lobeth,per O | Trustees Deed · related | $804k · Lasalle National Bank |
| — | — | Trust 2005-08 | — | Deed Of Trust · related | $2M · Sovereign Bank |
| — | — | Trust 2005-08 | — | Deed Of Trust · related | — |
| — | — | Trust 2005-08 | — | Loan Modification · related | $2M · Urban Ptshp Bk |
| — | — | Chicago Title & Trust Co | — | Loan Modification · related | $986k · Urban Ptshp Bk |
Description
This exceptional mixed-use property, located at 11000 S Michigan Ave in Chicago's Roseland neighborhood (zip code 60628), presents a compelling value-add investment opportunity. Priced at $1,980,000, the property boasts a diverse unit mix comprising 66 units: 15 studios, 33 one-bedroom apartments, one two-bedroom apartment, seven retail spaces, and ten office spaces. Currently, all apartment units are vacant, offering significant potential for redevelopment and repositioning. However, the presence of one active commercial tenant and well-maintained office spaces provides a potential immediate income stream, mitigating the need for extensive upfront capital improvements. Individually metered utilities simplify management. The property benefits from its strategic location on a major thoroughfare within the Roseland neighborhood, which is experiencing ongoing revitalization. This location offers tenants convenient access to various retail amenities, parks, and educational institutions, all within a well-connected urban environment. This presents a unique chance to capitalize on Chicago's dynamic real estate market. The property's strong fundamentals and redevelopment potential make it an attractive investment for those seeking significant returns.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,155,000
- ML approach
- $2,145,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6213
- Latitude
- 41.6942
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
