Bronzeville Boutique Apartment
For Sale
Contact for pricing
4742 S Michigan Ave, Chicago, IL 60615
Three stabilized, condo-quality apartment buildings developed in 2025.
Property SizeContact for details
Days on Market192
Property Features for 4742 S Michigan Ave
General Information
Standard status
Active
Class
A
Total Parking Spaces
12
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$534,209
Building Details
Year Built
2025
Buildings
3
Stories
4
Units
24
Listing Agency:
North Clybourn Group, Inc.
(773) 645-7900
Listed By:
Karen Biazar · License #471.003309
Source:
Crexi
Added: Feb 11
Changed: Aug 12
Last Checked: Aug 20 at 9:35AM
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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
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.
