4742-46 S Michigan Avenue, Chicago, IL

$8,495,000

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About 4742-46 S Michigan Avenue

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.

Features of 4742-46 S Michigan Avenue

MLS® # 12738130
Price $8,495,000
Bathrooms 0.00
Year Built 2025
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 4742-46 S Michigan Avenue
Area CHI - Grand Boulevard
City Chicago
County Cook
State IL
Zip Code 60615

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
Has Basement Yes
Basement Finished

Exterior

Exterior Brick, Block, Stone
Foundation Concrete Perimeter

Additional Information

Days on Market 7
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeNorth Clybourn Group, Inc.

Listing Map

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