www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29682103
29682111

4742 S Michigan Ave, Chicago, IL 60615

KB
IL 471.003309
North Clybourn Group, Inc.
North Clybourn Group, Inc.
Listed by North Clybourn Group, Inc.
$8,495,000
118 days on market
Updated 55 days ago
Opportunity zone

4742-46 S Michigan Ave , Chicago, IL 60615

Details
Property Type Multifamily
Sub Type Apartment Building
Units 24
Cap Rate 6.29%
NOI $534,209
Occupancy 100%
Broker Co-Op Yes
Class A
Year Built 2025
Buildings 3
Stories 4
Lot Size (SqFt) 9,375
Parking Spaces 12 spaces
Ownership LLC

Unbelievable trophy-piece opportunity, three 8 unit boutique buildings, 24 Units fully stabilized

Marketing description

Unbelievable trophy-piece opportunity, three 8 unit boutique buildings, 24 Units fully stabilized, condo-quality and developed in 2025 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. Many high-design details, from hallway accents to primary suite wall details meant to set this apart. Highlights include sleek profile shaker cabinet in eye-catching earth tone, stainless steel appliances, quartz island with full backsplash and an abundance of countertop space for entertaining, cooking and dining space. LVT flooring throughout is stylish and easy to maintain. Abundant natural light in all units with walk-out terraces. Design features make this a desirable rental with thoughtful walk-in closets, elevated bath finishes & designer lighting. Maintenance will be eased with high-efficiency furnaces, tankless water heater, In-unit washer/dryer, intercom system and professionally managed premises. 4 outdoor parking spaces available per building. 6.3 Cap Rate, perfect for 1031 exchange.

Listing Contacts

KB
IL 471.003309
North Clybourn Group, Inc.
North Clybourn Group, Inc.
Listed by North Clybourn Group, Inc.

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$534,209.00
$44,517.42/mo

Valuation Metrics

0
DSCR
6.29%
Cap Rate
6.29%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Karen Biazar
License
471.003309
Brokerage Phone
773.252.0600
Brokerage Address
2324 West North Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591