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4742-46 S Michigan Avenue Chicago, IL 60615

$8,495,000
Re-activated / MLS# 12595592 / Multi Unit - Multiple / Chicago
0 Beds

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.

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Baird & Warner Julie Naumiak Agent Cell: 847.284.2417 Email

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Estimated Payment

$ 27,894.24 per month $18,877.78 Principal & Interest $6,538.75 Property Tax $2,477.71 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Cooling: Central Air
Lot Size: 75 x 125
Stories: 3.0
Taxes: $78,465
Year Built: 2025

Feature Descriptions

Current Use: Multi-Family
Drains: Balcony/ies, Enclosed Stairs, Security Gate
Electric: Circuit Breakers
Exterior: Brick, Block, Stone
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Forced Air, Gas
Lot Dimensions: 75 x 125
Miscellaneous Outdoor: Balcony/ies, Enclosed Stairs, Security Gate
Parcel#: 20101010270000
Parking: 13-18 Spaces
Tenant Pays: Electricity, Heat
Units: 24

Location

See details and scored characteristics about this location.

Listing Office: North Clybourn Group, Inc.

Listing Office Phone: 773-252-0600



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