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4742 S Michigan Ave Chicago, IL 60615

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For Sale
$8,495,000

Three stabilized, condo-quality apartment buildings developed in 2025.

Type:Multifamily
Added:
Feb 11, 2026
Days on Market:
50
Last Refresh:
Mar 17 at 1:15 pm

Property Features for 4742 S Michigan Ave

General Information

Standard status
Active
Property subtype
Multifamily

Building Details

Year Built
2025

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Listing Contact
Karen Biazar

Listing agent Karen Biazar License #IL

Listing office North Clybourn Group, Inc.

Listing date Feb 11, 2026

Source Crexi

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 North Clybourn Group, Inc.


Overview

Bronzeville Boutique Apartment Buildings

This is an opportunity to acquire three boutique buildings, each containing eight units, for a total of 24 fully stabilized units developed in 2025. Located in the heart of Bronzeville, each building features two front and back 3-bed, 3-bath duplex units and six front and back 2-bed, 2-bath simplex units. The units feature high-design details, including sleek profile shaker cabinets in earth tones, stainless steel appliances, and quartz islands with full backsplashes. The countertops offer ample space for entertaining, cooking, and dining. LVT flooring is installed throughout. All units benefit from abundant natural light and walk-out terraces. Design features include walk-in closets, elevated bath finishes, and designer lighting. Maintenance is eased with high-efficiency furnaces, tankless water heaters, in-unit washer/dryers, intercom systems, and professional management. Each building has four outdoor parking spaces available. The property has a 6.3% cap rate, making it suitable for a 1031 exchange.
Location Intelligence

Current Use by Public Records

1031 exchange properties

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Location Insight

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City
Chicago
County
Cook
State
Illinois
Longitude
-87.6232861
Latitude
41.808034

FAQs

What type of property is this?
Apartment building - Three stabilized, condo-quality apartment buildings developed in 2025.
Where is this apartment building located?
The property is located at 4742 S Michigan Ave 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 fully stabilized, condo‑quality units in three boutique buildings.; Built in 2025 in the Heart of Bronzeville.; Attractive mix of 3 bed/3 bath duplex units and 2 bed/2 bath simplex units.
More about this property
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