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    4447 S Michigan Ave Chicago, IL 60653

    For Sale
    $385,000

    Land - Chicago, IL

    Days on Market:
    77
    Last Refresh:
    Dec 14 at 6:06 am

    Property Features for 4447 S Michigan Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    20033080130000

    Building Details

    Architectural style
    Other

    Exit Strategy Realty (312) 493-0920 [email protected]

    Listing agent Anthony White (312) 554-5478 License #475194105

    Listing date Sep 29, 2025

    MLS# 12449688 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bronzeville Land Parcel For Sale

    This is a three-lot parcel measuring 80 x 160 feet, totaling 12,880 square feet, situated in the Bronzeville neighborhood of Chicago. The property is currently zoned C1-2, but has the potential to be rezoned to RM5 or have a special use permit applied for with the ZBA. The location is surrounded by new construction and public transportation. Potential development options consist of townhomes, three sets of three-unit buildings, mixed-use development with 20+ plus units, retail, or condos.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6224691
    Latitude
    41.8133224

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    FAQs

    What type of property is this?
    Commercial land - Three-lot parcel in Bronzeville, Chicago, with development potential.
    Where is this commercial land located?
    The property is located at 4447 S Michigan Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: - Large 3-lot parcel (80 X 160, 12,880 sqft) in desirable Bronzeville location.; - Zoned C1-2 with potential for rezoning to RM5 or special use permit.; - Surrounded by new construction, indicating area growth and investment.
    (312) 554-5478
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    Chicago, IL 60653
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4447 S Michigan Ave Chicago, IL 60653
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