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.
Property Details
Price:
$899,999
MLS #:
MRD12634525
Status:
Active
Beds:
12
Baths:
6
Type:
Commercial
Neighborhood:
chigrandboulevard
Listed Date:
May 12, 2026
Year Built:
1887
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Brick
Stories
3
Financial
Maintenance Fee
$20,720
Tax Year
2024
Taxes
$18,752
Map
Community
- Address4412 S Prairie Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60653
Market Summary
Current real estate data for Commercial in Chicago as of Jun 18, 2026
913
Commercial Listed
185
Avg DOM
$992,195
Avg List Price
Property Summary
- 4412 S Prairie Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60653. It is listed for $899,999
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Copyright 2026. All rights reserved.
4412 S Prairie Avenue
Chicago, IL


