Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Reload
 
Listing provided courtesy of North Clybourn Group, Inc.MREDas Distributed by MLSGrid- MLS# 12686986MLS Provider

4742-46 S Michigan AvenueChicago, IL 60615

Commercial · 5 Beds
$8,495,000 Active

4742-46 S Michigan Avenue Overview

Time on Site:
6 days
Visits:
0

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.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

4742-46 S Michigan Avenue Facts & Features

  • Type Commercial

Details

General

Green Features

  • Green Energy Efficient: Water Heater

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 7500
  • Fuel Expense: 7500
  • Gross Income: 682440
  • Gross Scheduled Income: 682440
  • Insurance Expense: 13902
  • Maintenance Expense: 32000
  • Net Operating Income: 534209
  • Operating Expense: 148222
  • Trash Expense: 8400
  • Water Sewer Expense: 0

Building Information

  • Year Built: 2025

Business Information

  • Current Use: Multi-Family

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Grand Boulevard
  • Township: Hyde Park

Rent/Lease Information

  • Tenant Pays: Electricity, Heat

Tax Information

  • Tax Annual Amount: $78,465.00
  • Tax Year: 2024

General Information

  • Parcel Number: 20101010270000
  • Property Type: Commercial Sale
  • Zoning: MULTI

Interior

General Information

  • Basement: Finished
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Foundation Details: Concrete Perimeter
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 75 x 125

Building Exterior/Construction

  • Construction Materials: Brick, Block, Stone

General Information

  • Number Of Units Total: 24

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 3
  • Baths Total: 3
  • Units Total: 6

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 2
  • Baths Total: 2
  • Units Total: 18

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 0
  • Units Total: 0

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Units Total: 0

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Units Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

4742-46 S Michigan Avenue Neighborhood

Community

60615 (Chicago) Demographics

35
Median Age
14,432
Population Density (per sq. mile)
68%
College Educated
$44,658
Estimated Median Income
6,504
Estimated Total Home Owners
15,109
Estimated Total Renters
30% / 70%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

4742-46 S Michigan Avenue Monthly Cost

$
$ %
%
$
$
Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4742-46 S Michigan Avenue Market Data

Based on the last 30 days in this zip code

$411,555
Average List Price
$248
Average Price per Square Foot
30
Properties Sold
82
Average Days on Market
163
Properties for Sale
Calculations provided by Reliance Network

4742-46 S Michigan Avenue History

Date Event Value Agent
6/29/2026Source: MRED Status Change
Active
6/24/2026Source: MRED Added to Database
June 24, 2026