Three 8-Unit Apartment
4742-46 S Michigan Avenue Chicago, IL 60615
New
For Sale
$8,495,000
MULTI_FAMILY - Chicago, IL
Days on Market2
Property Features for 4742-46 S Michigan Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- MULTI
- Bedrooms
- 54
- Bathrooms
- 54
- Rooms
- Bathroom 13, Bathroom 27, Bedroom 16, Bedroom 9, Bedroom 32, Bedroom 40, Basement, Bathroom 18, Bedroom 26, Bathroom 8, Bedroom 7, Bedroom 31, Bedroom 17, Bedroom 5, Bedroom 4, Bathroom 2, Bathroom 42, Bathroom 24, Bathroom 45, Bathroom 10, Bathroom 37, Bathroom 32, Bathroom 54, Bathroom 3, Bedroom 38, Bathroom 29, Bedroom 46, Bedroom 10, Bedroom 1, Bedroom 33, Bedroom 34, Bedroom 35, Bedroom 20, Bathroom 31, Bedroom 39, Bathroom 41, Bathroom 36, Bathroom 20, Bedroom 22, Bedroom 11, Bathroom 9, Bedroom 18, Bathroom 7, Bathroom 12, Bathroom 40, Bathroom 47, Bathroom 26, Bathroom 21, Bathroom 11, Bedroom 43, Bathroom 34, Bathroom 33, Bedroom 14, Bathroom 51, Bedroom 50, Bedroom 15, Bathroom 5, Bedroom 13, Bathroom 4, Bathroom 48, Bathroom 17, Bathroom 22, Bathroom 1, Bedroom 24, Bedroom 3, Bathroom 25, Bedroom 12, Bathroom 35, Bathroom 14, Bathroom 53, Bedroom 45, Bedroom 19, Bathroom 15, Bathroom 38, Bedroom 49, Bedroom 6, Bedroom 52, Bedroom 27, Bathroom 28, Bathroom 52, Bedroom 23, Bedroom 8, Bathroom 49, Bedroom 53, Bathroom 16, Bedroom 30, Bathroom 19, Bedroom 47, Bedroom 51, Bedroom 28, Bedroom 42, Bathroom 23, Bedroom 25, Bathroom 6, Bedroom 21, Bathroom 30, Bathroom 50, Bedroom 2, Bedroom 29, Bathroom 46, Bedroom 36, Bedroom 37, Bedroom 54, Bedroom 44, Bathroom 39, Bathroom 44, Bedroom 41, Bedroom 48, Bathroom 43
- Basement
- Finished
- Standard status
- Active
- APN
- 20101010270000
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 78465
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 2025
- Floors in Building
- 3
- Number of units
- 24
- Building materials
- Brick, Block, Stone
Listing Agency:
North Clybourn Group, Inc.
(773) 252-0600
Listed By:
Karen Biazar · License #471003309
(773) 252-0600
Added: Jul 22
Last Checked: Jul 23 at 12:06PM
MLS# 12713322
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This offering features three separate eight-unit apartment buildings totaling 24 stabilized residences, developed in 2025. Each building includes two front-and-back 3 bed, 3 bath duplex units and six front-and-back 2 bed, 2 bath simplex units. Interiors are designed for a condo-like finish, with LVT flooring throughout, abundant natural light, and walk-out terraces. In-unit amenities include stainless steel appliances, a quartz island with full backsplash, and in-unit washer/dryer. Additional operational and lifestyle features include tankless water heating, high-efficiency furnaces, and an intercom system with professionally managed premises.
The properties are located at 4742-46 S Michigan Avenue in Chicago, IL 60615, under MULTI zoning. Each building also provides four outdoor parking spaces.
With fully stabilized occupancy and a stated 6.3 cap rate, this configuration is positioned as a 1031 exchange option as presented in the marketing materials.
The properties are located at 4742-46 S Michigan Avenue in Chicago, IL 60615, under MULTI zoning. Each building also provides four outdoor parking spaces.
With fully stabilized occupancy and a stated 6.3 cap rate, this configuration is positioned as a 1031 exchange option as presented in the marketing materials.
Key Highlights
- Under construction; built in 2025 with brick, block, and stone construction and central air
- Three boutique 8‑unit buildings totaling 24 fully stabilized units (24 units total)
- Per building: 2 duplex units with 3 bed/3 bath and 6 simplex units with 2 bed/2 bath
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
1031 exchange properties
FAQs
What type of property is this?
Apartment building - Three eight-unit buildings totaling 24 stabilized units were developed in 2025.
Where is this apartment building located?
The property is located at 4742-46 S Michigan Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $8,495,000.
What are key features of this property?
This property features: Under construction; built in 2025 with brick, block, and stone construction and central air; Three boutique 8‑unit buildings totaling 24 fully stabilized units (24 units total); Per building: 2 duplex units with 3 bed/3 bath and 6 simplex units with 2 bed/2 bath
