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    4629 S Michigan Ave Chicago, IL 60653

    Pending
    For Sale
    $1,199,000

    Residential Income, Contemporary - Chicago, IL

    Days on Market:
    108
    Last Refresh:
    Dec 10 at 6:06 pm

    Property Features for 4629 S Michigan Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    New Construction
    Standard status
    Pending
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    9
    APN
    20033200080000
    Parking
    3

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    2025
    Architectural style
    Contemporary

    North Clybourn Group, Inc. (773) 252-0600 [email protected]

    Listing agent Karen Biazar (773) 252-0600 License #471003309

    Listing date Aug 25, 2025

    MLS# 12454720 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Construction Multifamily Investment Property

    This new construction 3-flat is part of the Michigan Collection, set on a 27.67 x 160 deep lot with a 3-car garage. Each of the three units features 3 bedrooms and 2 baths. The building showcases exceptional elegance and intelligent design, with professional, fully appointed kitchens including cabinetry, integrated appliances, a quartz island, and custom backsplash. Engineered floors extend throughout the units. The primary suite offers an opulent, oversized shower with frameless glass, custom mirrors, and designer plumbing fixtures. Professional closet organizers are installed throughout. This AAA trophy property is perfect for an owner-occupant, investor, or 1031 exchange. Immediate delivery is available. The projected monthly income is $8950, totaling $107,400 annually, with a 6.6% CAP rate. Veteran developers with 25+ years of experience provide a 1-year warranty.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6223897
    Latitude
    41.8103035

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    FAQs

    What type of property is this?
    Apartment building - New construction 3-flat in Chicago's Michigan Collection.
    Where is this apartment building located?
    The property is located at 4629 S Michigan Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,199,000.
    What are key features of this property?
    This property features: - New Construction 3-flat featuring three 3-bedroom, 2-bath units.; - Projected $107,400 annual income with a 6.6% CAP rate.; - Massive 22 ft wide footprint on a 27.67 x 160 deep lot with a 3-car garage.
    (773) 252-0600
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    4629 S Michigan Ave Chicago, IL 60653
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    Chicago, IL 60653
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4629 S Michigan Ave Chicago, IL 60653
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