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Updated 35 minutes ago

4240-48 Michigan


4240 S Michigan Ave Chicago, IL

Studio - 2 Bed
•
1 Bath

380 - 665 Sq. Ft.

Available Now
Floor plans
Studio • 1 Bath
$912
380 ft2
1 Available
Managed By: Icarus Investment Group, Llc
4244 - 3S
$912
Available Now
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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
View
4244 1/2 - 3W
$1,050
Rented
View
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
$1,515
665 ft2
1 Available
Managed By: Icarus Investment Group, Llc
4240 - 1E
$1,515
Available Now
View
View Rented Units
2 Beds • 1 Bath
$1,534
550 ft2
1 Available
Managed By: Icarus Investment Group, Llc
4242 - 3W
$1,534
Available Now
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View Rented Units
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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 35 minutes 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.
Studio
Suggested income:
$32,800
per year
2 Bedroom
Suggested income:
$54,900
per year
Rent report

4240-48 Michigan Rent vs. Chicago Average

 4240-48 Michigan      Chicago Average
Studio
$912
$1,651
$0
$550
$1,100
$1,650
$2,200
2BR
$1,525
$2,588
$0
$850
$1,700
$2,550
$3,400

4240-48 Michigan is asking 45% less than the average studio apartment in Chicago.

If you upsized to an average priced Chicago 1 bedroom apartment, you would pay 23% more per month.

4240-48 Michigan provides 19% less square footage than the average Chicago studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
4240-48 Michigan
Studio $912 $2.40 $2,736
2BR $1,525 $2.50 $4,574
Chicago Average
Studio $1,651 $3.50 $4,952
1BR $2,150 $3.10 $6,451
2BR $2,588 $2.60 $7,763
3BR $3,048 $2.40 $9,144
4BR $2,561 $1.80 $7,682

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 3,827 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% 30% 10% 4%
Available Units in Chicago
Studio 2,104
1BR 3,827
2BR 3,172
3BR 1,096
4BR 422
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 are 3 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 3 units vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 380 to 665 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 studio and 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?
Rent on available units ranges from $912 to $1,534. 4240-48 Michigan has studio units available starting at $912 and 2 bedroom units available starting at $1,515.
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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