11000 South Michigan Avenue, Chicago, IL, 60628

$950,000

0.40

Acres

About 11000 South Michigan Avenue

Opportunity Zone Investment Alert! Here's an excellent investment opportunity: deploy your capital into a unique property that spans residential, retail, and office spaces-all within a federally designated Opportunity Zone. The offering includes 66 units in total: 49 apartments, 10 office suites, 7 street level retail storefronts. All apartments and retail units have individual heating systems, while the office spaces are centrally heated by the owner-reducing operational costs for the next investor. Historically, this building has maintained around 90 percent occupancy, providing confidence as new owners renovate units and increase rents. In summary, this is a high-yield, tax-advantaged, mixed-use real estate play-testament to the power of investing within an Opportunity Zone. 100% vacant. Some units are in need for cosmetic rehabbing. Other Recent and Upcoming Projects in West Pullman. 1. Habitat for Humanity Townhomes (955 W. 115th St.) 2. $40M LightIndustrial Facility (1135-1325 W 119th St.) Pullman Crossings Industrial Park. * A 50-acre industrial campus by Ryan Companies, currently in its final phase. Ongoing Infrastructure & Community Enhancements. * Red Line Extension (CTA).

Additional Information: This property is located in the CHI - Roseland neighborhood, IL. This 0 bedrooms multi family 5+ property is priced at $950,000.

Facts & Features

MLS® # 12412715
Price $950,000
Bathrooms 0.00
Taxes $0
Acres 0.40
Year Built 1927
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 11000 South Michigan Avenue
Area CHI - Roseland
City Chicago
County Cook
State IL
Zip Code 60628

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Window Unit(s)
Fireplace No
Has Basement No

Exterior

Exterior Brick
Roof Rubber
Foundation Concrete Perimeter

Additional Information

Days on Market 101
Zoning COMMR
Foreclosure No
Short Sale No
RE / Bank Owned No
Taxes $0

Listing Details

OfficeBlue Door Dave Inc
Contact Info312-344-1487

Listing Map

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