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Updated 1 minute ago

4240-48 Michigan


4240 S Michigan Ave Chicago, IL

2 Bed
•
1 Bath

525 Sq. Ft.

Available Now
Floor plans
Studio • 1 Bath
$850 - $912
650 ft2
0 Available
Managed By: Icarus Investment Group, Llc
4244 S Michigan Ave 2S
$875
Rented
View
4244 - 1N
$850
Rented
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4244 - 2N
$895
Rented
View
4244 - 3N
$912
Rented
View
Studio • 1 Bath
$850
336 ft2
0 Available
Managed By: Icarus Investment Group, Llc
4244 - 3S
$850
Rented
View
Studio • 1 Bath
$912
300 ft2
0 Available
Managed By: Icarus Investment Group, Llc
4244 - 2S
$912
Rented
View
1 Bed • 1 Bath
$1,050 - $1,278
850 ft2
0 Available
Managed By: Icarus Investment Group, Llc
4244 1/2 - 1W
$1,050
Rented
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4244 1/2 - 3W
$1,050
Rented
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4242 1/2 - 3W
$1,278
Rented
View
4244 1/2 - 2W
$1,278
Rented
View
1 Bed • 1 Bath
$1,278
670 ft2
0 Available
Managed By: Icarus Investment Group, Llc
4242 1/2 - 1W
$1,278
Rented
View
1 Bed • 1 Bath
$1,279
720 ft2
0 Available
Managed By: Icarus Investment Group, Llc
4242 1/2 - 2W
$1,279
Rented
View
2 Beds • 1 Bath
$1,485
525 ft2
1 Available
Managed By: Icarus Investment Group, Llc
4246 - 1E
$1,485
Available Now
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Where you'll live
Street View
Map View
Satellite View
4240-48 Michigan
4240-48 Michigan
4240-48 Michigan
Location ratings
Walk Score®
70
Very Walkable
Transit Score®
68
Good Transit
Bike Score®
68
Bikeable
Amenities
On-site Laundry
Air Conditioning
Storage
Disability Access
Refrigerator
Garbage Disposal
Trash Removal Included
Public Transportation
Elevator
Smoke-free Community
24-hour Maintenance
Secured Entry
Granite Countertop
High-speed Internet
Cable-ready
Central A / C
Heat: Forced Air
Freezer
Stainless Steel Appliances
Microwave
Range / Oven
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Pet Friendly Community
Parking
Garage - Attached
Lease & Fees
Security Deposit: $0
Property details
Description

Bronzeville Unit Available Now! - This unit features abundant natural light streaming in from all angles, complemented by newly installed hoodlike vinyl floors that span the entirety of the space. Each corner is equipped with gas furnaces and individual hot water tanks, ensuring personalized comfort and efficiency. The kitchen has been completely renovated, showcasing sleek stainless steel appliances, while the bathroom boasts a contemporary tile shower. Conveniently located mere steps away from transportation hubs, shopping centers, restaurants, and an array of amenities, this property offers unparalleled accessibility and convenience for modern urban living.
For all our current vacancies click here:
https://www.atlasassetmgmt.com/vacancies/
(RLNE3514424)

Additional Details
Total Unit Count: 42
Last Updated: Updated 1 minute ago
Contact Number: (312) 757-1686
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 4240-48 Michigan by bedroom type below.
2 Bedroom
Suggested income:
$53,500
per year
Rent report

4240-48 Michigan Rent vs. Chicago Average

 4240-48 Michigan      Chicago Average
2BR
$1,485
$2,510
$0
$850
$1,700
$2,550
$3,400

4240-48 Michigan is asking 41% less than the average 2 bedroom apartment in Chicago.

If you upsized to an average priced Chicago 3 bedroom apartment, you would pay 16% more per month.

If you downsized to an average priced Chicago 1 bedroom apartment, you would pay 21% less per month.

4240-48 Michigan provides 47% less square footage than the average Chicago 2 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
4240-48 Michigan
2BR $1,485 $2.80 $4,455
Chicago Average
Studio $1,631 $3.50 $4,892
1BR $2,072 $3.00 $6,217
2BR $2,510 $2.50 $7,529
3BR $2,971 $1.30 $8,913
4BR $2,785 $1.80 $8,356

Availability in Chicago

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 3,700 1BR units on the market in Chicago. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
20% 36% 29% 10% 4%
Available Units in Chicago
Studio 2,032
1BR 3,700
2BR 3,008
3BR 1,040
4BR 440
Location
Nearby Colleges

Illinois Institute of Technology

University of Chicago

Kennedy-King College

Columbia College-Chicago

University of Illinois at Chicago

Roosevelt University

Nearby Hospitals
Name Distance
Provident Hospital Of Cook County 1.12 mi.
U Of Chicago Medicine Emerygency Room 1.99 mi.
Mercy Hospital And Medical Center 2.06 mi.
Nearby Fire Stations
Name Distance
Chicago Fire Department 0.94 mi.
New Douglas Community Volunteer Fire Department 1.33 mi.
Woodlawn Fire Protection District 2.77 mi.
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in now.
What's the square footage of the available units?
It's 525 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are 2 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
4240-48 Michigan has a 2 bedroom unit starting at $1,485.
Where is this property located?
This property is at 4240 S Michigan Ave in Chicago, IL. It's 9.2 miles south from the center of Chicago.
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