4742-46 S Michigan Avenue
Chicago, IL, 60615
$8,495,000
5 Beds
5 Baths
0 SqFt
0 Acres
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$8,495,000
4742-46 S Michigan Avenue
Chicago, IL, 60615
MLS #MRD12627050 image #0MLS #MRD12627050 image #1MLS #MRD12627050 image #2MLS #MRD12627050 image #3MLS #MRD12627050 image #4MLS #MRD12627050 image #5MLS #MRD12627050 image #6MLS #MRD12627050 image #7MLS #MRD12627050 image #8MLS #MRD12627050 image #9MLS #MRD12627050 image #10MLS #MRD12627050 image #11MLS #MRD12627050 image #12MLS #MRD12627050 image #13MLS #MRD12627050 image #14MLS #MRD12627050 image #15MLS #MRD12627050 image #16MLS #MRD12627050 image #17MLS #MRD12627050 image #18MLS #MRD12627050 image #19MLS #MRD12627050 image #20
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 Details

Price:
$8,495,000
MLS #:
MRD12627050
Status:
Active
Beds:
5
Baths:
5
Type:
Commercial
Neighborhood:
chigrandboulevard
Listed Date:
Apr 22, 2026
Year Built:
2025
NewconstructionChi – Grand BoulevardChigrandboulevard

Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Brick, Block, Stone
Green Energy Efficient
Water Heater
Stories
3

Financial

Maintenance Fee
$32,000
Net Operating Income
$534,209
Tax Year
2024
Taxes
$78,465
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Property Summary

    4742-46 S Michigan Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60615. It is listed for $8,495,000 To schedule a showing of MLS#mrd12627050 at 4742-46 S Michigan Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
4742-46 S Michigan Avenue
Chicago, IL