Mixed-Use
11000 South Michigan Avenue
11000 S Michigan Ave, Chicago, IL 60628
Listing Price: $1,980,000
Investment Overview
Marcus & Millichap is pleased to present this mixed-use opportunity located at 11000 South Michigan Avenue in the Roseland neighborhood of Chicago, Illinois. This property features a diverse unit mix, including 15 studio apartments, 33 one-bedroom apartments, one two-bedroom apartment, seven retail spaces, and 10 office spaces. With 100 percent of the apartment units currently vacant, this property offers significant redevelopment potential. Additionally, one active commercial tenant and well-maintained office spaces provide the potential for an immediate income stream that would reduce the need for initial capital improvements. The Roseland neighborhood’s ongoing revitalization, combined with the property’s strategic location along a major thoroughfare, makes this an ideal investment opportunity for those looking to capitalize on Chicago’s growing real estate market.
11000 South Michigan Avenue
Investment Highlights
- 100 Percent VACANT APARTMENTS: Ready for Immediate Redevelopment, Offering Flexibility for Future Plans
- DIVERSE UNIT MIX: A Combination of Residential, Retail, and Office Spaces Offers Multiple Income Streams
- POTENTIAL FOR RENT GROWTH: The Neighborhood is Undergoing Revitalization, which may Lead to Increased Rental Demand and Higher Rental Rates
- PRIME LOCATION: Situated on a Major Thoroughfare in the Roseland Neighborhood, Providing High Visibility and Foot Traffic for Commercial Tenants
- STRONG TRANSPORTATION LINKS: Easy Access to CTA Bus Routes and the Red Line, Connecting the Property to the Wider Chicago Area
Exclusively Listed By
Listing Price: $1,980,000
Investment Highlights
- 100 Percent VACANT APARTMENTS: Ready for Immediate Redevelopment, Offering Flexibility for Future Plans
- DIVERSE UNIT MIX: A Combination of Residential, Retail, and Office Spaces Offers Multiple Income Streams
- POTENTIAL FOR RENT GROWTH: The Neighborhood is Undergoing Revitalization, which may Lead to Increased Rental Demand and Higher Rental Rates
- PRIME LOCATION: Situated on a Major Thoroughfare in the Roseland Neighborhood, Providing High Visibility and Foot Traffic for Commercial Tenants
- STRONG TRANSPORTATION LINKS: Easy Access to CTA Bus Routes and the Red Line, Connecting the Property to the Wider Chicago Area
Investment Overview
Marcus & Millichap is pleased to present this mixed-use opportunity located at 11000 South Michigan Avenue in the Roseland neighborhood of Chicago, Illinois. This property features a diverse unit mix, including 15 studio apartments, 33 one-bedroom apartments, one two-bedroom apartment, seven retail spaces, and 10 office spaces. With 100 percent of the apartment units currently vacant, this property offers significant redevelopment potential. Additionally, one active commercial tenant and well-maintained office spaces provide the potential for an immediate income stream that would reduce the need for initial capital improvements. The Roseland neighborhood’s ongoing revitalization, combined with the property’s strategic location along a major thoroughfare, makes this an ideal investment opportunity for those looking to capitalize on Chicago’s growing real estate market.
Exclusively Listed By
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