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    4507 S Michigan Ave Chicago, IL 60653

    For Sale
    $675,000

    Residential Income - Chicago, IL

    Lot size:
    0.10 Acres
    Days on Market:
    12
    Last Refresh:
    Dec 12 at 7:06 pm

    Property Features for 4507 S Michigan Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    9
    APN
    20033140010000
    Parking
    2
    Exterior features
    Balcony
    Lot size
    0.10 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1898
    Roof type
    Rubber
    Architectural style
    Other

    Compass Real Estate

    Listing agent DeMarcus Hunter (773) 466-7150 License #475197505

    Listing date Dec 1, 2025

    MLS# 12510407 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 Historic Multifamily Investment

    This multifamily property, constructed in 1898, offers over 7,100 square feet of potential. Located on one of Chicago's boulevards, this property features historic architecture and proximity to downtown. The building includes 9 bedrooms and 6 bathrooms across multiple units. Situated in the Bronzeville neighborhood, the property is positioned in an area that has been experiencing growth. The 0.1-acre lot is zoned MULTI. This residential income property is located in Cook County, Illinois.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -87.6224566
    Latitude
    41.8128406

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    FAQs

    What type of property is this?
    Apartment building - Historic 9-bed, 6-bath multifamily property in Chicago's Bronzeville neighborhood.
    Where is this apartment building located?
    The property is located at 4507 S Michigan Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - Significant cash-flowing potential due to multiple units.; - 9 bedrooms and 6 bathrooms offer flexible rental or renovation options.; - Located on an iconic boulevard in the desirable Bronzeville neighborhood.
    (773) 466-7150
    Request Owner's contact information
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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
    4507 S Michigan Ave Chicago, IL 60653
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