Chicago, IL 60615 4742-46 S Michigan Avenue
$8,495,000



16 more
















Presented By: North Clybourn Group, Inc.
Home Details
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.
Presented By: North Clybourn Group, Inc.
Interior Features for 4742-46 S Michigan Avenue
Other Interior Features
BasementFinished
General for 4742-46 S Michigan Avenue
Additional Parcels Y/NNo
Cap Rate6.3
CityChicago
Construction MaterialsBrick, Block, Stone
CoolingCentral Air
CountyCook
Current UseMulti-Family
DirectionsFrom 47th ST south on Michigan avenue
ElectricCircuit Breakers
Electric Expense7500
Energy EfficientWater Heater
Fuel Expense7500
Gross Income682440
Insurance Expense13902
MLS AreaCHI - Grand Boulevard
MaintenanceExpense32000
Net Operating Income534209
Number Of Units Total24
Operating Expense148222
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount78465
Tax Year2024
Tenant PaysElectricity, Heat
TownshipHyde Park
Trash Expense8400
Water Sewer Expense0
Year Built2025
ZoningMULTI
Exterior for 4742-46 S Michigan Avenue
Foundation DetailsConcrete Perimeter
Frontage TypeCity Street
Lot Dimensions75 x 125
Additional Details
Price History
