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4742-46 S Michigan Avenue Chicago, IL 60615 Multi Unit - Multiple Active

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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.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

County: Cook
Listed By:
North Clybourn Group, Inc. 773-252-0600
MRED MLS
$8,495,000
Est. $56,698/mo
Active
BEDS0 BATHS MLS#12686986
STATUSActive PROPERTY TYPEMulti Unit - Multiple

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Ruhl&Ruhl Realtors
563.441.1776

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4742-46 S Michigan Avenue, Chicago, IL 60615.

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Loan Type FHA 30 Year Fixed30 yr Jumbo
Purchase Price $8,495,000$8,495,000
Down Payment $297,325$1,699,000
Monthly Mortgage Amount $50,682$42,398
Taxes $11822$11822
Insurance $100$100
HOA/Dues/Fees $0$0
Monthly Mortage Insurance $5,096$0
Monthly Estimated Total $70,078$56,698

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