4742-46 S Michigan AVE, Chicago, IL 60615
4742-46 S Michigan AVE, Chicago, IL 60615
4742-46 S Michigan AVE, Chicago, IL 60615
4742-46 S Michigan AVE, Chicago, IL 60615
4742-46 S Michigan AVE, Chicago, IL 60615
4742-46 S Michigan AVE, Chicago, IL 60615
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$ 8,495,000
Est. payment | /mo

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$ 8,495,000
Est. payment | /mo
Save

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12595592

Maintenance Fees $32,000

Year Built 2025

Annual Tax Amount $78,465

Tax Year 2024

Lot Dimensions 75 x 125

Property Sub-Type Multi Family 5+

Property Description

Unbelievable trophy-piece opportunity, three 8 unit boutique buildings, 24 Units fully stabilized, condo-quality and developed in 2025 in the Heart of Bronzeville. Each building features TWO front and back 3 bed 3 bath duplex units and SIX front and back 2 bed/2 bath simplex units. Many high-design details, from hallway accents to primary suite wall details meant to set this apart. Highlights include sleek profile shaker cabinet in eye-catching earth tone, stainless steel appliances, quartz island with full backsplash and an abundance of countertop space for entertaining, cooking and dining space. LVT flooring throughout is stylish and easy to maintain. Abundant natural light in all units with walk-out terraces. Design features make this a desirable rental with thoughtful walk-in closets, elevated bath finishes & designer lighting. Maintenance will be eased with high-efficiency furnaces, tankless water heater, In-unit washer/dryer, intercom system and professionally managed premises. 4 outdoor parking spaces available per building. 6.3 Cap Rate, perfect for 1031 exchange.

Location

State IL

County Cook

Area Chi - Grand Boulevard

Zoning MULTI

Rooms

Basement Finished

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Multi Family 5+

Structure Type Brick,Block,Stone

Midwest Real Estate Data (MRED) IDX
Listed by Karen Biazar of  North Clybourn Group, Inc. 

Nearby Locations

Michael Vrielink

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(312) 970-9476

mvrielink@chicagorea.com

1941 N Elston Ave, Chicago, IL, 60642-1219, USA

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4742-46 S Michigan AVE