S. Michigan Avenue

(I)  (II)

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See below for examples of interior.  Design is standard for all Strata properties.

 

1

4 bed/2 bath

1920

$38,800

$100,000

$245,000

Property Details

# of Units                     

Bed/BathMix           

Year Built   

Purchase Price    

Renovation Cost  

Est. Post-Rehab Mkt. Value

 

Month/Year

$1,500 / $18,000

$600 / $7,195

$900 / $10,805

$886 / $10,628

$15 / $177

Financials

 

Rental Income 

Operating Expenses     

Net Operating Income  

Debt Service   

Net Cash Flow     

 

About The Neighborhood

S. Michigan Avenue is a single unit rental home in Chicago’s Chatham neighborhood.  Chatham is a residential neighborhood considered to be one of the most picturesque areas of the city.  The neighborhood features many blocks of homes built in the traditional Chicago bungalow style.  S. Michigan Avenue is a prime example of the enduring appeal and diversity of this style.  S. Michigan Avenue is situated in the South Park Manor Historic District as designated by the City’s Historic Chicago Bungalow Association, a nonprofit group dedicated to preserving the style’s architectural tradition. Chatham is also home to Simeon Career Academy, a high school known for achievement in academics and athletics which has a number of current and former NBA players as alumni.