Stabilized Multifamily Building
4742-46 S Michigan Avenue Chicago Chicago, IL 60615
For Sale
$8,495,000
Three fully stabilized, newly developed eight-unit boutique buildings with duplex and simplex layouts.
Days on Market11
Property Features for 4742-46 S Michigan Avenue Chicago
General Information
- Standard status
- Active
- Property subtype
- Multi Family 5+
Building Details
- Year Built
- 2025
Listing Agency:
(815) 469-7449
Listed By:
Andrea McElroy
(815) 469-7449
Source:
Realpeoplerealty
Added: Jul 14
Changed: Jul 15
Last Checked: Jul 23 at 2:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Andrea McElroy
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.
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
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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
