42nd and Michigan Portfolio (4208, 4213, & 4220 S. Michigan Ave) Listing Details & Market Data

BronzevilleKiser Group is pleased to exclusively present for purchase The Bronzeville Portfolio; a three (3) building portfolio consisting of a combined sixty (60) units in Chicago's historic Bronzeville neighborhood. Situated in a premier location in one of Chicago's most rapidly appreciating neighborhoods, the assets are ideally located just blocks away from Metcalfe Park on a beautiful, tree-lined providing easy access I-90 and Chicago's downtown. The Bronzeville Portfolio has an incredibly desirable unit composition. 4208 S. Michigan is comprised of seven (7) 2BD/1BA & eleven (11) 3BD/1BA units, 4213 S. Michigan consists of four (4) 1BD/1BA, four (4) 2BD/1BA, three (3) 2BD/1.5BA, & five (5) 3BD/1BA units, and 4220 S. Michigan is comprised of one (1) studio, seven (7) 2BD/1BA, and eighteen (18) 3BD/1BA units. All of which are incredibly spacious and have gone through varying degrees of updates both cosmetically and mechanically. Recent improvements to the buildings include, but are not limited to, newer roofs, renovated kitchens & bathrooms, updated electrical service, and copper plumbing. The Bronzeville Portfolio provides investors with the unique opportunity to obtain three stabilized, cash flowing assets in one of Chicago's most rapidly appreciating neighborhoods. Additionally, an investor has the option to assume the existing debt (terms below) through Freddie Mac. ASSUMABLE FINANCING: Buyer has the option to assume the current loan, approximate terms are: 4208 & 4213 S. Michigan Ave: - $3,115,000 - 4.36% Rate - 6 Years Remaining 4220 S Michigan Ave: - $2,464,000 - 3.67% Rate - 2 Years Remaining