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4711-4715 S Michigan Ave

10 Unit Block of Flats £1,705,741 (£170,574/Unit) 7.12% Net Initial Yield Chicago, IL 60615

Investment Highlights

  • Classic Meets Contemporary: Timeless architectural charm paired with modern amenities.
  • Convenience: On-site parking.
  • Prime Location: Close proximity to parks, dining, shopping, and public transportation.

Executive Summary

JUST LISTED
Exquisite Residences at 4711-4715 S Michigan Ave – A Bronzeville Gem
Nestled in Chicago’s vibrant Bronzeville neighborhood, 4711-4715 S Michigan Ave offers an extraordinary combination of modern luxury, timeless elegance, and a prime urban location. This boutique property is the epitome of refined living, with a selection of condo-quality residences designed to meet diverse lifestyle needs.
?? Unit Highlights
Penthouse Masterpieces (2-Units)
Size: 4 Bed | 2 1/2 Bath | ~2,800 sq. ft.
Luxurious design with natural light, high ceilings, chef’s kitchen, spa-like bathrooms, and breathtaking city views.
Sophisticated 3-Bedroom Residences (4-Units)
Size: 3 Bed | 2 Bath | ~1,500 sq. ft.
Open layouts with stainless steel appliances, ensuite primary suites, and ample storage for comfort and style.
Chic 2-Bedroom Retreats (4-Units)
Size: 2 Bed | 2 Bath | ~1,200 sq. ft.
?? Building Features
Classic Meets Contemporary: Timeless architectural charm paired with modern amenities.
Prime Location: Close proximity to parks, dining, shopping, and public transportation.
Convenience: On-site parking.
?? Claim your slice of Bronzeville living! Schedule a tour today to discover these extraordinary residences and the investment opportunity.

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £1,705,741
Price Per Unit £170,574
Sale Type Investment
Net Initial Yield 7.12%
Gross Rent Multiplier 9.28
No. Units 10
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.30 AC
Building Size 19,527 SF
Average Occupancy 100%
Number of Floors 3
Year Built/Renovated 1890/2018
Opportunity Zone Yes

Site Amenities

  • Fenced Lot
  • Vintage Building

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
4+2.5 2 £1,927 2,800
3+2 4 £1,532 1,500
2+2 4 £1,360 1,200
Walk Score ®
Very Walkable (81)
Transit Score ®
Excellent Transit (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 20-10-102-030-0000
  • 20-10-102-033-0000
Land Assessment
£35,205
Improvements Assessment
£86,858
Total Assessment
£122,063
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024 Payable 2024

zoning

Zoning Code RM-5 (Multi-Family)
RM-5 (Multi-Family)
  • Listing ID: 34127952

  • Date on Market: 08/12/2024

  • Last Updated:

  • Address: 4711-4715 S Michigan Ave, Chicago, IL 60615

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