4742-46 South Michigan, Chicago IL 60615
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.
Features & Information
Key Details
- List Price $8,495,000
- Property Taxes $78,465
- Price/ Sq. Ft. Unavailable
- Year Built 2025
- Status New
Building Information
- Age of Building New Construction
- Exterior Construction Brick,Block,Stone
- Foundation Concrete
- Heating & Cooling Forced Air, Gas
Location
- County Cook
- Directions to Property From 47th St South On Michigan Avenue
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Property Taxes
- Tax 78465
- Parcel Identification Number 20101010270000
Listed by: North Clybourn Group, Inc. | Phone: 773.252.0600
Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 2/13/2026 1:32 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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