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$650,000

  • For Sale
  • Active
  • Multi-Family
  • 9 Total Beds
  • Updated 5 days ago
See This Home
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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.

Full Property Details for 4507 S Michigan Ave

General

  • Price: $650,000
  • Taxes: $7,197 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12510407
  • Updated: 3/30/2026
  • Added to Site: 129 day(s) ago

Rental Information

  • Complex Features: Sidewalks, Street Lights, Street Paved

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Upper - Full Baths: 6
  • Bathroom Features: Double Sink

Bedrooms

  • Total Bedrooms: 9

Additional Information

  • Other Features: Commuter Bus, Commuter Train, Interstate Access

Exterior

  • Exterior Features: Balcony

Parking

  • Total Spaces: 2
  • Parking Features: Unassigned, Off-Alley, Alley Access, Yes, Owned

Location

  • Area: CHI - Grand Boulevard
  • County: Cook
  • Township: Hyde Park
  • Driving Directions: Exit Pershing Rd from I-90/94 , East on Pershing Rd to S Michigan Ave , South on S Michigan Ave to 4507

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
  • Water: Lake Michigan, Public

Structural Information

  • Construction: Brick, Stone
  • Exterior Const.: Brick, Stone
  • Basement: Yes
  • Basement Desc.: Unfinished, Full
  • Foundation: Brick/Mortar
  • Roof: Rubber
  • Year Built: 1898
  • Built Before 1978: Yes
  • Remodeled/Updated: 2000

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: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: List Broker Must Accompany
  • Property ID: 20033140010000

Listed by Compass

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— 4507 S Michigan Ave —

  • Compass

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

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NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 4507 S Michigan Ave

School District:Chicago Public School District 299
NameGradesDistance
Mollison Elementary School
4415 S Dr Martin L King Jr Dr, Chicago, IL 60653
PK-80.4 mi
Phillips Academy High School
244 East Pershing Road, Chicago, IL 60653
12-110.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4507 S Michigan Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/16/2025
Price Reduced
$650,000
-3.7%
MLS
11/26/2025
Listed
$675,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4507 S Michigan Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$7,197
—
$75,000
121%
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
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Compass

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4507 S Michigan Avenue, Chicago, IL 60653 (MLS# 12510407) is a Multi-Family property with 3 units containing 9 bedrooms and 0 full bathrooms. 4507 S Michigan Avenue is currently listed for $650,000 and was received on November 26, 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.

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