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.
| Listing Id: | 12762033 |
|---|---|
| List Price: | $8,495,000 |
| Property Type: | Commercial Sale |
| Property Type: | Multi Family 5+ |
| Status: | Active |
| Parking On Site: | No |
| Tax Annual Amount: | $78,465 |
| City: | Chicago |
| County Or Parish: | Cook |
| Postal Code: | 60615 |
| Year Built: | 2025 |
| Total # Units In Building: | 24 |
| Basement: | true |
| Basement: | Finished |
| Construction Materials: | Brick, Block, Stone |
| Cooling: | Central Air |
| Current Use: | Multi-Family |
| Directions: | From 47th ST south on Michigan avenue |
| Electric: | Circuit Breakers |
| Electric Expense: | $7,500 |
| Foundation Details: | Concrete Perimeter |
| Frontage Type: | City Street |
| Fuel Expense: | 7500 |
| Green Energy Efficient: | Water Heater |
| Gross Income: | $682,440 |
| Gross Scheduled Income: | $682,440 |
| Insurance Expense: | $13,902 |
| Lot Size Dimensions: | 75 x 125 |
| Maintenance Expense: | $32,000 |
| MLS Area Major: | Chi - Grand Boulevard |
| Approximate Age: | New Construction |
| Land Amenities: | Curbs and Gutters, Sidewalks |
| Agent Owned/Interest (Y/N): | No |
| Built Before 1978 (Y/N): | No |
| Conversion (Y/N): | N |
| Deconversion (Y/N): | N |
| # Of Dryers: | 24 |
| # Of Dishwashers: | 24 |
| Electric Expense Source: | Actual |
| Expense Year: | 2025 |
| Total Annual Expense Source: | Owner Projection |
| Fuel Expense Source: | Actual |
| Gross Rent Multiplier: | 12.4 |
| Heat/Ventilation: | Forced Air, Gas |
| Information: | List Broker Must Accompany |
| Insurance Expense Source: | Actual |
| Janitor Expense: | 0 |
| Last Lease Expiration (Date): | 2026-08-31T05:00:00 |
| List Price Per Sf: | 0 |
| Market Code: | Active |
| Misc Outside: | Balcony/ies, Enclosed Stairs, Security Gate |
| Owners Assoc (Y/N): | No |
| Ownership Type: | Limited Liability Corp |
| Outdoor Parking: | 13-18 Spaces |
| # Of Refrigs: | 24 |
| # Of Ranges: | 24 |
| Roof Structure: | Flat, Other |
| Repairs Decor Expense Source: | Actual |
| Trash Expense Source: | Actual |
| Total Monthly Income: | 56870 |
| Type Multi Family: | Flats |
| Update Date: | 2026-09-22T05:05:27 |
| Unincorporated (Y/N): | No |
| # Of Washers: | 24 |
| Net Operating Income: | $534,209 |
| Operating Expense: | $148,222 |
| Original List Price: | $8,495,000 |
| Parcel Number: | 20101010270000 |
| Possession: | Closing |
| State Or Province: | IL |
| Stories: | 3 |
| Tax Year: | 2024 |
| Tenant Pays: | Electricity, Heat |
| Township: | Hyde Park |
| Trash Expense: | $8,400 |
| Zoning: | MULTI |
| Actual Status: | Active |
Listing Courtesy of: North Clybourn Group, Inc.
Listing Agent: Karen Biazar
773-645-7900
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Information deemed reliable but not guaranteed.
Midwest Real Estate Data LLC data last updated on October 08, 2026 04:08 PM - CT
Based on information submitted to the MLS GRID as of October 08, 2026 04:08 PM - CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some listings have been excluded from this website.
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Property Last Updated: October 08, 2026 04:08 PM - CT
