4711-15 South Michigan Avenue

Chicago, IL 60615

$2,100,000
Price
28
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This exceptional 10-unit multi-family building is back on the market with a price improvement, a rare and renewed opportunity for the savvy investor. Nestled in the heart of Chicago's historic and vibrant Bronzeville neighborhood, 4711-4715 S. Michigan Ave. offers a rare blend of elegance, modern comfort, and architectural charm. These boutique buildings present an array of meticulously designed condo-quality residences to suit diverse lifestyles, boasting luxurious finishes and spacious layouts...This exceptional 10-unit multi-family building is back on the market with a price improvement, a rare and renewed opportunity for the savvy investor. Nestled in the heart of Chicago's historic and vibrant Bronzeville neighborhood, 4711-4715 S. Michigan Ave. offers a rare blend of elegance, modern comfort, and architectural charm. These boutique buildings present an array of meticulously designed condo-quality residences to suit diverse lifestyles, boasting luxurious finishes and spacious layouts ensuring every square foot is optimized. The buildings' unit mix consists of (2) 4-bedroom/2.1- bathroom penthouses, (4) 3-bedroom/2-bathroom units and (4) 2-bedroom/2-bathroom units. All units feature functional floor plans, ample space and ensuite bathrooms, along with in-unit laundry facilities, separate hot water heaters, central heating, and elegant hardwood flooring. Moreover, dedicated parking spaces are available for every unit. These buildings truly are the perfect blend of classic Bronzeville charm and contemporary elegance. Whether you're drawn to the grandeur of the 4-bedroom penthouses, the cozy elegance of the 3- and 2-bedroom retreats or the significant new developments on the block, 4711-4715 S. Michigan Avenue represents an exceptional investment opportunity for the savvy investor with easy access to public transportation, the Dan Ryan Expressway, and Sip and Savor and a mere 10-15 minute drive to downtown Chicago.
  1. Listed by Kevin Rocio • @properties Commercial
  2. Listed by Sharial Howard • @properties Christie's International Real Estate

Property Details for 4711-15 South Michigan Avenue

Area
CHI - Grand Boulevard
Zoning
MULTI
LISTING UPDATED: 03/06/2025 10:22 AM

Property Details for 4711-15 South Michigan Avenue

StatusPrice Change
MLS #12218988
Days on Market95
Taxes$22,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Garden Complex
Year Built1888
Lot Size0.35 AC / 15,225 SF
CountyCook County

Building Information for 4711-15 South Michigan Avenue

Stories3Residences10Year Built1888Building Size-Lot Size0.35 AC / 15,225 SF

Property Information for 4711-15 South Michigan Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Individual
  • Electric: Circuit Breakers
  • # Of Washers: 10
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 10
  • Washer/Dryer Lsd: No
  • # Of Dryers: 10
  • # Of Dishwashers: 10
  • Num of Baths: 20.2
Exterior Features
  • Misc Outside: Storms and Screens (as exist)
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Garden Complex
  • Lot Size Source: County Records
  • Lot Dimensions: 94.8X160.6
  • Lot Size Square Feet: 15225.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick, Stone
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 19527
  • # Of Ranges: 10
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-12-02T13:13:02
  • Photos Count: 31
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 10
Income & Expenses
  • Electric Expense: $928.00
  • Fuel Expense: $.00
  • Gross Income: $234,780.00
  • Gross Scheduled Income: $234,780.00
  • Insurance Expense: $8,500.00
  • Maintenance Expense: $3,000.00
  • Manager Expense: $11,152.00
  • Electric Expense Source: Actual
  • Expense Year: 2024
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Broker Projection
  • Janitor Expense: 2000
  • Manager Expense Source: BP
  • Other Expense Source: Broker Projection
  • Repairs-Decor Expense Source: Broker Projection
  • Trash Expense Source: Actual
  • Total Monthly Income: 19565
  • Water Expense Source: Actual
  • Net Operating Income: $155,389.00
  • Operating Expense: $79,391.00
  • Other Expense: $16,880.00
  • Trash Expense: $3,352.00
  • Water Sewer Expense: $11,579.00
Unit 1
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 4
Unit 2
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 4
Unit 3
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 2
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 4711-15 South Michigan Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 4711-15 South Michigan Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Mollison Elementary School
PublicPK to 8

Phillips Academy High School
Public9 to 12

Williams Medical Prep High School
Public9 to 12

Bronzeville Scholastic High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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4711-15 South Michigan Avenue is a multi-family home for sale in Chicago, IL 60615. This property was listed for sale on December 2, 2024 by @properties Commercial, it's currently listed at $2,100,000. This listing's school district is Chicago Public Schools. Nearby schools include Mollison Elementary School, Phillips Academy High School and Williams Medical Prep High School. 4711-15 South Michigan Avenue is a 28-bed, 21-bath, multi-family home built in 1888.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of @properties Commercial; @properties Christie's International Real Estate

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 03/06/2025 10:22 AM. 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.