5833 South Michigan Ave Chicago, IL 60637

Property ID

US28-0818779

$1,200,000

5833 South Michigan Ave, Chicago, IL 60637
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33 Realty has been engaged to market for sale 5831-33 S Michigan Avenue, an eight (8) unit multifamily asset located in the Washington Park neighborhood of Chicago, IL. The condo style units are extremely spacious and the unit mix consists of thee (3) 2 bed / 2 bath and five (5) 3 bed / 2 bath apartments. Each unit includes gas forced air heat, individual water heaters, washer/ dryer in-unit, and 100 AMPS of electricity. Behind the building is a surface parking lot scured by an electronic gate which accomodates parking for 10 vehicles. The parking lot is not currently monetized. This is an excellent opportunity as the units are in excellent condition, unit mix is ideal, and the neighborhood is highly sought after. Desirable location tucked away on the west side of Washington Park New Obama Center is being built just 10 minute car ride away Easy Access to I-94 a mile to the east In-Unit W/D Gut renovated within the past 10 years Ability to raise rents an additional $150-$250 on each unit without significant renovations