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4742-4746 S Michigan Ave
Chicago, IL 60615
Multifamily Property For Sale
·
24 Units
Investment Highlights
- New construction completed in 2025.
- Professionally managed and stabilized.
- Private terraces and designer finishes.
- Three-building portfolio totaling 24 units.
Executive Summary
4742-46 S Michigan Avenue consists of three boutique multifamily buildings totaling 24 residential units in Chicago's Bronzeville neighborhood. Developed in 2025, the portfolio includes a mix of duplex and simplex floor plans featuring contemporary finishes and condo-quality design elements. Residences offer shaker cabinetry, stainless steel appliances, quartz islands, designer lighting, walk-in closets, in-unit laundry, tankless water heaters, and private outdoor terraces. The buildings are professionally managed and include outdoor parking, security features, and energy-efficient mechanical systems. Located along Michigan Avenue with access to public transportation, employment centers, cultural institutions, and neighborhood retail amenities, the portfolio benefits from a well-established residential location. The combination of recent construction, stabilized operations, and diverse unit configurations provides investors with a turnkey multifamily acquisition opportunity.
Property Facts
| Price Per Unit | $353,958 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6.29% | Lot Size | 0.33 AC |
| Sale Condition | 1031 Exchange | Building Size | 9,375 SF |
| No. Units | 24 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RM-5 - Multi-Family | ||
| Price Per Unit | $353,958 |
| Sale Type | Investment |
| Cap Rate | 6.29% |
| Sale Condition | 1031 Exchange |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.33 AC |
| Building Size | 9,375 SF |
| No. Stories | 3 |
| Year Built | 2025 |
| Opportunity Zone |
Yes |
| Zoning | RM-5 - Multi-Family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 18 | - | - |
| 3+3 | 6 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $134,914 | |
| Land Assessment | $49,588 | Total Assessment | $184,502 |
Property Taxes
Parcel Numbers
Land Assessment
$49,588
Improvements Assessment
$134,914
Total Assessment
$184,502
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