4507 S Michigan Avenue Chicago, IL ^$ 675,000

4507 S Michigan Avenue

^$ 675,000

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4507 S Michigan Avenue

Chicago, IL, 60653

^$ 675,000

Bedrooms9 Baths6.0 Sq 7,095

Monthly Estimate*

^$ 4,211

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Multi-Family Home for sale in Chicago, IL

for $675,000 with 9 bedrooms and 6 full baths. This 7,095 square foot home was built in 1898 on a lot size of 0.1.

Listen up. This isn't just another multifamily property. This is 7,100+ square feet of pure cash-flowing potential sitting on one of Chicago's most iconic boulevards. Built in 1898, this 9-bed, 6-bath beauty is a piece of Bronzeville history-and your ticket to serious ROI. Bronzeville crown jewel. We're talking historic architecture, proximity to downtown, and a neighborhood that's been on the rise for years. The smart money has already moved in. Are you next? Income-Producing Machine - 9 bedrooms, 6 bathrooms, multiple units. This property is designed to print money. Whether you're looking to rent, renovate, or reposition, the numbers work.

Multi-Family Active

Price

^$ 675,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 7,197

Style

Lot Size

0.1

Year Built

1898

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12510407

Features

General

Sewer Public Sewer

Heating Natural Gas

Possession Closing Lease Back Required

Roof Rubber

Zoning MULTI

Construction Materials Brick Stone

Year Built 1898

Township Hyde Park

Tax Year 2023

Ownership Fee Simple

Gross Income 36000

Community Features Sidewalks Street Lights Street Paved

County Cook

New Construction N

Property Type Residential Income Two to Four Units

Total Rooms 28

Status Active

Directions Exit Pershing Rd from I-90/94 East on Pershing Rd to S Michigan Ave South on S Michigan Ave to 4507

City Chicago

High School District 299

MLS Area CHI - Grand Boulevard

Tax Annual Amount 7197

Virtual Tour https://real.vision/4507-south-michigan-avenue?o=u

Standard Status Active

Middle/Junior School District 299

Elementary School District 299

Interior

Basement Unfinished Full

Total Bedrooms 9

Total Baths 6

Bedrooms Possible 9

Bathroom Double Sink

Full Baths Building 6

Half Baths Building 0

Total Number of Units 3

Exterior

Exterior Amenities Balcony

Parking Features Unassigned Off Alley Alley Access Yes Owned

Water Source Lake Michigan Public

Total Parking 2

Foundation Details Brick/Mortar

Lot Dimensions 30x150

Lot Size Acres 0.1

Waterfront Y/N N

* Excluded Features

List By

Compass

Broker

demarcus.hunter@compass.com;demarcushunterrealestate@gmail.com

Affordability Calculator

$4,811

Per Month

Monthly Principal & Interest: $4,211
Monthly Property Taxes: $600
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$615,846

Percent of Sale Price 9%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

566059 Elementary School

566846 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/27/2025	$675,000		Listed Price

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4507 S Michigan Avenue, Chicago, IL, 60653 is a Multi-Family Home for sale at $675,000 with 7,095 sqft and a lot size of 0.1. 4507 S Michigan Avenue has 9 bedrooms, 6.0 baths, and was built in 1898. The property's zip code is 60653 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 12/9/2025.

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4507 S Michigan Avenue

Multi-Family Home for sale in Chicago, IL

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