4711-4715 S Michigan Ave
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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.
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 | Apartment Style | Low Rise |
Price Per Unit | £170,574 | Building Class | C |
Sale Type | Investment | Lot Size | 0.30 AC |
Net Initial Yield | 7.12% | Building Size | 19,527 SF |
Gross Rent Multiplier | 9.28 | Average Occupancy | 100% |
No. Units | 10 | Number of Floors | 3 |
Property Type | Residential | Year Built/Renovated | 1890/2018 |
Property Subtype | Apartment | Opportunity Zone |
Yes
|
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 |
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Walk Score ®
Very Walkable (81)
Transit Score ®
Excellent Transit (75)
PROPERTY TAXES
Parcel Numbers | Total Assessment | £122,063 | |
Land Assessment | £35,205 | Annual Taxes | -£1 (£0.00/sf) |
Improvements Assessment | £86,858 | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Numbers
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) |
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4711-4715 S Michigan Ave
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