Listing provided courtesy of Marblestone Property Group LLCMREDas Distributed by MLSGrid- MLS# 12634525
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Request Info4412 S Prairie AvenueChicago, IL 60653
Commercial · 12 Beds$899,999
Active
4412 S Prairie Avenue Overview
- Time on Site:
- 47 days
- Visits:
- 0
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 updated 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 and parking area 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.
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4412 S Prairie Avenue Facts & Features
- Type Commercial
Details
General
Income/Expenses
- Other Expense: 7618
- Electric Expense: 1815
- Fuel Expense: 176
- Gross Income: 10250
- Gross Scheduled Income: 123000
- Insurance Expense: 4500
- Maintenance Expense: 20720
- Net Operating Income: 40461
- Operating Expense: 74627
- Trash Expense: 5955
- Water Sewer Expense: 10221
Building Information
- Year Built: 1887
Business Information
- Current Use: Multi-Family
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - Grand Boulevard
Rent/Lease Information
- Tenant Pays: Electricity, Heat
Tax Information
- Tax Annual Amount: $18,752.00
- Tax Year: 2024
General Information
- Parcel Number: 20033090480000
- Property Type: Commercial Sale
- Zoning: MULTI
Interior
General Information
- Cooling: Central Air
- Electric: Circuit Breakers
- Stories: 3
Exterior
Lot Information
- Additional Parcels: No
- Lot Size Dimensions: 35x138
- Lot Size Square Feet: 5530
Building Exterior/Construction
- Construction Materials: Brick
General Information
- Number Of Units Total: 6
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Beds Total: 4
- Baths Total: 2
- Units Total: 1
Unit 2 Details
- Unit Type: Unit 2
- Beds Total: 3
- Baths Total: 1
- Units Total: 2
Unit 3 Details
- Unit Type: Unit 3
- Beds Total: 2
- Baths Total: 1
- Units Total: 2
Unit 4 Details
- Unit Type: Unit 4
- Beds Total: 3
- Baths Total: 2
- Units Total: 1
Unit 5 Details
- Unit Type: Unit 5
- Beds Total: 0
- Units Total: 0
Unit 6 Details
- Unit Type: Unit 6
- Beds Total: 0
- Units Total: 0
Unit 7 Details
- Unit Type: Unit 7
- Beds Total: 0
- Units Total: 0
4412 S Prairie Avenue Neighborhood
Community
60653 (CHICAGO) Demographics
35
Median Age
11,237
Population Density (per sq. mile)
43%
College Educated
$34,621
Estimated Median Income
4,433
Estimated Total Home Owners
11,501
Estimated Total Renters
28% / 72%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.4412 S Prairie Avenue Monthly Cost
4412 S Prairie Avenue Market Data
Based on the last 30 days in this zip code
$445,053
Average List Price
$227
Average Price per Square Foot
19
Properties Sold
46
Average Days on Market
72
Properties for Sale
4412 S Prairie Avenue History
| Date | Value | Agent |
|---|---|---|
| 5/18/2026Source: MRED | Active |
|
| 5/13/2026Source: MRED | May 13, 2026 |