4742-46 S Michigan Avenue Chicago Chicago, IL 60615

Building Details

Year Built

2025

Listing office Show Phone

Listing date Jul 14, 2026

Source Realpeoplerealty

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Investment Insights

Based on property information with market context.

For sale is a portfolio of three boutique multifamily buildings totaling 24 fully stabilized units. The buildings are newly developed in 2025 and designed with a consistent, elevated finish package. Each building features two front and back 3-bedroom, 3-bath duplex units and six front and back 2-bedroom, 2-bath simplex units. Interiors include LVT flooring throughout, stainless steel appliances, and quartz islands with full backsplashes, along with walk-out terraces, walk-in closets, designer lighting, and upgraded bath finishes.

The units are equipped for in-home convenience and lower operating friction, including in-unit washer/dryer, an intercom system, high-efficiency furnaces, and a tankless water heater. Each building also provides four outdoor parking spaces.

This offering is presented as a stabilized investment opportunity with a stated 6.3% cap rate and is marketed as suitable for a 1031 exchange.

Key Highlights

• Three newly developed, fully stabilized eight‑unit boutique buildings (24 units total), developed in 2025
• Per building layout: TWO duplex units with 3 bed/3 bath and SIX simplex units with 2 bed/2 bath
• Finished basement plus concrete perimeter foundation; city‑street frontage with lot dimensions 75 x 125

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FAQs

What type of property is this?

Apartment building - Three fully stabilized, newly developed eight-unit boutique buildings with duplex and simplex layouts.

Where is this apartment building located?

The property is located at 4742-46 S Michigan Avenue Chicago 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: Three newly developed, fully stabilized eight‑unit boutique buildings (24 units total), developed in 2025; Per building layout: TWO duplex units with 3 bed/3 bath and SIX simplex units with 2 bed/2 bath; Finished basement plus concrete perimeter foundation; city‑street frontage with lot dimensions 75 x 125