Date
Details
Price
Change
Source
11/03/2025
Listed
$675,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
No photo available
$675,000
Property Description
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. Period
Full Property Details
Full Property Details for 4507 S Michigan Ave
General
- Price: $675,000
- Taxes: $7,197 (2023)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12494918
- Updated: 11/3/2025
- Added to Site: 76 day(s) ago
Interior
- Basement: Cellar, Ful
Rooms
Bathrooms
- Total Bathrooms: 6
- Upper - Full Baths: 6
Bedrooms
- Total Bedrooms: 9
Additional Information
- Other Features: Commuter Bus, Commuter Train, Interstate Access
Exterior
- Exterior Features: Balcony
Parking
- Total Spaces: 2
- Parking Features: Yes, Owned
Location
- Area: CHI - Grand Boulevard
- County: Cook
- Township: Hyde Park
- Driving Directions: From I-94 exit 43rd and turn left on 43rd St to Michigan , turn right heading south to 4507 S. Michigan
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer, Storm Sewer
- Water: Lake Michigan, Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Cellar, Full
- Roof: Rubber
- Year Built: 1898
- Built Before 1978: Yes
Unit Information
- Units in Building: 3
Lot Features
- Lot Size (Acres): 0.1
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 30 x 150
- Zoning: MULTI
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1898
- Tax Amount: $7,197
- Tax Year: 2023
- Pays Sewer: Public Sewer, Storm Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 20033140010000
Listed by Compass
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Schools
Schools serving 4507 S Michigan Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Mollison Elementary School 4415 S Dr Martin L King Jr Dr, Chicago, IL 60653 | PK-8 | 0.4 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4507 S Michigan Ave
Tax History
Tax History for 4507 S Michigan Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$7,197
3%
$34,000
—
2022
$7,015
2%
$34,000
—
2021
$6,858
-17%
$34,000
-8%
2020
$8,249
-2%
$37,028
-12%
2019
$8,454
2%
$42,078
—
2018
$8,312
18%
$42,078
28%
2017
$7,061
45%
$32,801
7%
2014
$4,883
2%
$30,720
—
2013
$4,767
-14%
$30,720
—
2012
$5,513
—
$30,720
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4507 S Michigan Ave
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- Single Family
- Active
- Updated 2 days ago
- 6Beds
- 2Total Baths
- 1,400Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 2Total Baths
- 1,381Sq. Ft.
- Single Family
- Active
- Updated 5 hours ago
- 3Beds
- 2Total Baths
- 2,187Sq. Ft.
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- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 2Total Baths
- 1,700Sq. Ft.
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- Single Family
- Closed
- Updated 7 days ago
- 5Beds
- 3Total Baths
- 4,500Sq. Ft.
4507 S Michigan Avenue, Chicago, IL 60653 (MLS# 12494918) is a Multi-Family property with 3 units containing 9 bedrooms and 0 full bathrooms. 4507 S Michigan Avenue is currently listed for $675,000 and was received on November 03, 2025. Want to learn more about 4507 S Michigan Avenue? Do you have questions about finding other Multi-Family real estate for sale in Grand Boulevard? You can browse all Grand Boulevard real estate or contact a Coldwell Banker agent to request more information.