4412 S Prairie Avenue, Chicago, IL

$899,999

Overview

  • 867235
  • Property ID
  • Updated On:
  • May 13, 2026

Description

Turnkey 6-unit multifamily asset located in the highly desirable Bronzeville / Grand Boulevard corridor, offering strong in-place income with immediate upside potential. The property features a highly sought-after unit mix of spacious 4-bedroom, 3-bedroom, and 2-bedroom units, catering to consistent rental demand and long-term tenant stability. The building is a fully occupied asset, with pro forma gross income exceeding $120,000 annually, this is an ideal opportunity for investors seeking a cash-flowing asset with built-in rental growth. Large unit sizes differentiate this property from typical multifamily inventory in the area, providing a competitive advantage in tenant retention and rent growth. Additional upside exists through continued rent optimization and operational efficiencies. Situated in a rapidly appreciating neighborhood with ongoing investment and development, the property benefits from proximity to transportation, retail, and downtown Chicago.

Climate Control
Air Conditioning
Other Features
Brick
Central Air
Circuit Breakers
Electricity
Heat

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$4,614.47
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
  • Private Mortgage Insurance
$ 3,489.47

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Information for the property at 4412 S Prairie Avenue, Chicago, IL, 60653 (Property ID: 867235) is deemed reliable but not guaranteed. Property details, pricing, and availability are subject to change without notice. Buyers should independently verify all information before making any real estate decisions.

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Sunita Kakarlapudi