11000 Michigan Ave Chicago, IL 60628-4309

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.