There are a few excellent FM stereo radio ICs but they are made for, used for and bought by equipment manufacturers, not hobbyists.
High quality car radios also use them.
Selectivity is when a radio selects one station but has no interference from stations on nearby frequencies.
A superhet radio converts the very high frequency FM band down to 10.7MHz where ordinary parts can amplify well and where ordinary IF transformers and Quartz crystal filter IF modules can work. The IF is a fixed frequency but the input of the radio and its local oscillator are tuned to the station you want. The IF provides a radio with good selectivity because it has more than one IF transformer and/or quartz crystal filters.