4742-46 S Michigan Avenue,Chicago, IL 60615
Chicago, IL 60615
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.
Details
| MLS # | 12762033 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 2025 |
| Days On Site | 13 |
| Listing Provided By | North Clybourn Group, Inc. | Karen Biazar |
Features
| Basement | Y |
|---|---|
| Story(s) | 3 |
| Units | 24 |
| Zoning | MULTI |
Interior
| Cooling | Central Air |
|---|
Exterior
| Foundation Details | Concrete Perimeter |
|---|---|
| Construction Materials | Brick, Block, Stone |
Utilities
| Electric | Circuit Breakers |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 78465 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60615 |
| Area | CHI Grand Boulevard |
| Listing VS Median (in 60615) | |
Price: $8,495,000 low | high Med: $199,000 On site: 13 low | high Med: 12 | |
Market Activity 60615
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60615 |
| Area | CHI Grand Boulevard |
| Listing VS Median (in 60615) | |
Price: $8,495,000 low | high Med: $199,000 On site: 13 low | high Med: 12 | |