4742-46 S Michigan Avenue Chicago, IL $ 8,495,000
4742-46 S Michigan Avenue
$ 8,495,000
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4742-46 S Michigan Avenue

Chicago, IL, 60615
$ 8,495,000
Bedrooms5 Baths0.0

Monthly Estimate*

$ 52,305

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Multi-Family Home for sale in Chicago, IL

for $8,495,000 with 5 bedrooms. This home was built in 2025.

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.

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Multi-Family Active

Price

$ 8,495,000

Bedrooms

5

Property Type

Multi-Family

Taxes

$ 78,465

Style

Multi-Family

Year Built

2025

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12565515

Features
General
Cooling Central Air
Possession Closing
Zoning MULTI
Construction Materials Brick Block Stone
Year Built 2025
Electric Circuit Breakers
Tenant Pays Electricity Heat
Stories Count 3
Township Hyde Park
Tax Year 2024
Current Use Multi-Family
Gross Income 682440
County Cook
Net Operating Income 534209
Operating Expense 148222
Insurance Expense 13902
Property Type Commercial Sale Multi Family 5+
Energy Efficient Water Heater
MaintenanceExpense 32000
Status Active
Directions From 47th ST south on Michigan avenue
City Chicago
Number Of Units Total 24
MLS Area CHI - Grand Boulevard
Tax Annual Amount 78465
Electric Expense 7500
Fuel Expense 7500
Trash Expense 8400
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
Cap Rate 6.3
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Interior
Basement Finished
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Exterior
Foundation Details Concrete Perimeter
Lot Dimensions 75 x 125
Frontage Type City Street
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* Excluded Features
List By
North Clybourn Group, Inc.

Broker

karen@northclybourngroup.com

Email

Affordability Calculator

$58,844
Per Month
89%
11%
0%
Monthly Principal & Interest
$52,305
Monthly Property Taxes
$6,539
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/10/2026$8,495,000 Listed Price

Map


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4742-46 S Michigan Avenue, Chicago, IL, 60615 is a Multi-Family Home for sale at $8,495,000. 4742-46 S Michigan Avenue has 5 bedrooms, 0.0 baths, and was built in 2025. The property's zip code is 60615 which is in Chicago, IL