437 E 42nd Place Chicago, IL 60653
Grand Boulevard NeighborhoodEstimated payment $7,278/month
Highlights
- New Construction
- 4-minute walk to 43Rd Street Station
- Deck
- Gated Community
- Community Lake
- 3-minute walk to Park No. 592
About This Home
Luxury New Construction 3-Flat in the heart Bronzeville - Estimated Delivery 60-90days.Premier Investment Opportunity Experience the pinnacle of modern urban living with this meticulously designed new construction three-unit residence in the thriving Washington Park neighborhood. Designed for discerning buyers, investors, and 1031 exchange opportunities, this turnkey property combines architectural sophistication with high-end functionality, offering an exceptional standard of living and long-term value. Each 1,800 sq. ft. unit is thoughtfully crafted with three spacious bedrooms and two full bathrooms, showcasing an expansive footprint and designer-curated finishes. The interiors feature wide-plank blonde hardwood flooring, floor-to-ceiling 180-degree glass walls, and custom push-close cabinetry with built-in drawers, elevating the living experience beyond traditional builder-grade construction. The floor plan is designed for both elegance and practicality, with custom lighting accents throughout to enhance each space's aesthetic appeal. The professional-grade chef's kitchen is equipped with custom cabinetry, high-end stainless steel or integrated appliances, a quartz waterfall island, and a custom backsplash with accent lighting. Each unit's formal living and dining areas are designed for entertaining and daily luxury, while the private rear terraces and patios provide additional outdoor space. The primary suite is a secluded retreat, featuring a large walk-in closet and an expansive, private layout. The en-suite spa-inspired bathroom includes an oversized frameless glass shower, a soaking tub, and private water closet, double vanity sinks, and designer plumbing fixtures, offering an unparalleled level of sophistication and comfort. Additional features include in-unit washer/dryer, high-efficiency furnaces, tankless water heaters, and dedicated 200-AMP Electrical panels for each unit. The separate maintenance closet with baseboard heating outside unit 1 with exterior entry, timed lighting in common spaces, and separate mechanicals for each residence further enhance the property's efficiency and functionality. Designed for privacy and security, the building offers gated entry with a buzzer system and is security camera compatible. The 2-car garage plus an additional exterior parking space ensures ample convenience for residents. Positioned in a highly desirable location, this property provides easy access to Washington Park, public transportation, and Chicago's premier cultural and business districts. Developed by an experienced builder with over 19 years of expertise, this home is ready for immediate occupancy and comes with a one-year builder warranty. This is an exclusive opportunity to own a trophy investment property in a rapidly appreciating neighborhood. Schedule a private showing today to experience the exceptional craftsmanship and modern design firsthand.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2026 | New Construction
Lot Details
- Partially Fenced Property
- Paved or Partially Paved Lot
Parking
- 2 Car Detached Garage
- Parking Available
- Garage Door Opener
- Off Alley Parking
- Parking Included in Price
Home Design
- Contemporary Architecture
- Brick Exterior Construction
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Potential Bedrooms
- 6 Bathrooms
- Bidet
- Separate Shower
Home Security
- Intercom
- Carbon Monoxide Detectors
Outdoor Features
- Deck
- Exterior Lighting
Utilities
- Heating System Uses Natural Gas
- ENERGY STAR Qualified Water Heater
Additional Features
- First Floor Utility Room
- Property is near park
Community Details
Overview
- 3 Units
- Community Lake
Recreation
- Tennis Courts
Building Details
- Electric Expense $600
- Insurance Expense $3,700
- Professional Management Expense $1,200
- Water Sewer Expense $2,700
- Gross Income $135,000
- Net Operating Income $33,440
Additional Features
- Common Area
- Gated Community
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,758 | $245,300 | $30,000 | $215,300 |
| 2024 | $1,761 | $232,800 | $20,000 | $212,800 |
| 2023 | $1,614 | $208,500 | $20,000 | $188,500 |
| 2022 | $1,751 | $211,200 | $20,000 | $191,200 |
| 2021 | $1,329 | $163,000 | $20,000 | $143,000 |
| 2020 | $1,223 | $156,500 | $20,000 | $136,500 |
| 2019 | $1,189 | $156,500 | $20,000 | $136,500 |
| 2018 | $1,178 | $154,000 | $20,000 | $134,000 |
| 2017 | $1,060 | $152,000 | $20,000 | $132,000 |
| 2016 | $1,040 | $152,200 | $20,000 | $132,200 |
| 2014 | $907 | $144,300 | $20,000 | $124,300 |
| 2013 | -- | $145,600 | $20,000 | $125,600 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/27/2026 08/27/26 | For Sale | $1,300,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12712599
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Ask me questions while you tour the home.