For Sale
$1,450,000

4139 South Prairie AvenueChicago, IL 60653

Historic Bronzeville, strong cash flow.

Overview

Added:
Jan 16
Days on market:
84
This exceptional investment opportunity presents an eight-unit walk-up building nestled in Chicago's vibrant Bronzeville neighborhood. The property boasts seven three-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit. Two units have been recently renovated, showcasing updated kitchens and bathrooms. All units feature a blend of hardwood, carpet, and LVP flooring, along with spacious living and dining areas. Significant building improvements include updated electric (400 amps), copper plumbing, a new porch (2023), and individual furnaces and hot water tanks. Conveniently located just two blocks from the Green Line "EL" train station at 43rd Street and I-90, providing easy access to downtown Chicago. This stabilized asset offers a compelling 7.03% cap rate, with potential for further value appreciation through market rent increases given the area's ongoing development. The property sits on a 0.2157943067033976-acre lot and totals 9400 square feet. This is a rare chance to acquire a strong cash-flowing property in a highly desirable location. The asking price is $1,450,000.

Highlights

  • Eight-unit walk-up building in Chicago's Bronzeville neighborhood.
  • Seven 3-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit.
  • Recently renovated units, updated electric, plumbing, and a new porch (2023).

Property Details for 4139 South Prairie Avenue

Property type
Residential income homes, Residential income properties
Square Feet
9,400 SF
Price / Square Foot
$154.26
Buildings
1
Stories
3
Elevators
N/A
Lot Size (sq. ft)
9,400 SF
Units
8

Location Insight

City
Chicago
County
State
Illinois

FAQs

What type of property is this?
Residential income home - Historic Bronzeville, strong cash flow.
Where is the residential income home located?
The property is located at 4139 South Prairie Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Eight-unit walk-up building in Chicago's Bronzeville neighborhood.; Seven 3-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit.; Recently renovated units, updated electric, plumbing, and a new porch (2023).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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4139 South Prairie Avenue
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