24-Unit Apartment Property with
New
For Sale
$8,495,000
4742-46 S Michigan Avenue, Chicago, IL 60615
Commercial Sale, Chicago, IL
Property SizeContact for details
Days on Market3
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
Full bathrooms
54
Rooms
Bathroom 14, Bathroom 31, Bedroom 38, Bedroom 12, Bathroom 19, Bedroom 48, Bathroom 54, Bedroom 16, Bedroom 33, Bathroom 18, Bathroom 43, Bathroom 47, Bathroom 49, Bathroom 32, Bedroom 51, Bedroom 1, Bathroom 33, Bedroom 45, Bedroom 20, Bathroom 28, Bathroom 3, Bathroom 40, Bathroom 52, Bathroom 5, Bathroom 9, Bathroom 41, Bathroom 7, Bathroom 37, Bathroom 1, Bathroom 34, Bathroom 45, Bedroom 32, Bedroom 29, Bathroom 11, Bedroom 25, Bedroom 31, Bedroom 35, Bathroom 4, Bedroom 8, Bedroom 18, Bedroom 2, Bedroom 36, Bedroom 47, Bathroom 39, Bathroom 30, Bedroom 26, Bathroom 42, Bathroom 51, Bedroom 13, Bathroom 2, Bathroom 36, Bathroom 12, Bathroom 8, Bathroom 44, Bathroom 26, Bathroom 17, Bathroom 35, Bathroom 22, Bathroom 6, Bedroom 54, Bathroom 21, Bathroom 16, Bedroom 10, Bedroom 23, Bedroom 5, Bedroom 40, Bathroom 53, Bedroom 4, Bathroom 50, Bedroom 37, Bathroom 48, Bedroom 28, Bedroom 34, Bedroom 43, Bedroom 53, Bathroom 38, Bedroom 19, Bedroom 46, Bedroom 24, Bathroom 10, Bedroom 22, Bedroom 3, Bedroom 41, Bedroom 52, Bathroom 20, Bedroom 6, Bedroom 17, Bathroom 24, Bathroom 27, Bathroom 13, Bedroom 50, Bathroom 46, Bathroom 25, Basement, Bedroom 27, Bedroom 7, Bedroom 21, Bedroom 9, Bedroom 11, Bathroom 29, Bathroom 23, Bedroom 14, Bedroom 30, Bedroom 49, Bedroom 39, Bedroom 44, Bedroom 42, Bedroom 15, Bathroom 15
Basement
Finished
Directions
From 47th ST south on Michigan avenue
Subdivision
CHI - Grand Boulevard
Standard status
Active
APN
20101010270000
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
78465
Utilities
Cooling system
Central Air
Amenities
stainless steel appliances
quartz island
walk-out terraces
in-unit washer/dryer
intercom system
walk-in closets
elevated bath finishes
designer lighting
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) 645-7900
Added: Oct 15
Last Checked: Oct 17 at 5:06AM
MLS# 12786255
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.
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Investment Insights
Based on property information with market context.
The property comprises three apartment buildings with 24 residences. Each building has two three-bedroom, three-bath duplexes and six two-bedroom, two-bath simplex units. Residences include walk-out terraces, stainless steel appliances, quartz islands, walk-in closets, and in-unit washers and dryers. High-efficiency furnaces, tankless water heaters, central air, and an intercom system serve the buildings. The property is under construction and zoned MULTI.
Located on S Michigan Avenue in Chicago’s Bronzeville neighborhood, the property includes four outdoor parking spaces per building. The stated 6.3 cap rate is a property-level financial metric.
Located on S Michigan Avenue in Chicago’s Bronzeville neighborhood, the property includes four outdoor parking spaces per building. The stated 6.3 cap rate is a property-level financial metric.
Key Highlights
- 24 residences across three apartment buildings
- Each building has two 3‑bedroom, 3‑bath duplexes and six 2‑bedroom, 2‑bath simplex units
- Walk‑out terraces, quartz islands, stainless steel appliances, and walk‑in closets
Property Analytics
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Current Use
Lease Details
24
Residential units
Location Intelligence
Trade Area within ½ mile
1,493
Businesses Nearby
Explore this area
Business Placement
Demographics for 60615, IL
43,502
Population
24,997
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
93%
High-School Grad
2.2 sq mi
ZIP Area
19,774
Density / Sq Mi
$62,105
Median Household Income
$47,186
Median Earnings
$1,444
Median Rent
$305,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Three buildings combine duplex and simplex residences with in-unit laundry and outdoor parking.
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: 24 residences across three apartment buildings; Each building has two 3‑bedroom, 3‑bath duplexes and six 2‑bedroom, 2‑bath simplex units; Walk‑out terraces, quartz islands, stainless steel appliances, and walk‑in closets
