6-Unit Apartment
For Sale
Contact for pricing
1507 S Michigan Ave, Chicago, IL 60605
Multifamily property built in 1903 within Chicago’s South Loop, near museums, lakefront parks, dining, hotels, and event venues.
Property SizeContact for details
Days on Market142
Property Features for 1507 S Michigan Ave
General Information
Standard status
Active
Property subtype
Mixed Use
Additional Details
Public Transit
Yes
Multifamily Units
6
Building Details
Year Built
1903
Buildings
1
Listing Agency:
KW Commercial Chicago - Lincoln Park
(773) 946-8816
Listed By:
Tony Hardy · License #IL 475.139834
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 2:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Chicago - Lincoln Park
Investment Insights
Based on property information with market context.
This six-unit apartment building at 1507 S Michigan Ave was constructed in 1903 and is positioned in Chicago’s South Loop. The property is classified as an apartment building and offers a compact multifamily configuration in an established urban setting.
The surrounding South Loop includes museums, lakefront parks, restaurants, hotels, event venues, and public transportation. CTA service provides access to all four Chicago Transit Authority rail lines. The property is approximately eight miles from Midway International Airport and 20 miles from O’Hare International Airport, with downtown Chicago nearby.
The surrounding South Loop includes museums, lakefront parks, restaurants, hotels, event venues, and public transportation. CTA service provides access to all four Chicago Transit Authority rail lines. The property is approximately eight miles from Midway International Airport and 20 miles from O’Hare International Airport, with downtown Chicago nearby.
Key Highlights
- Six‑unit apartment building at 1507 S Michigan Ave
- Constructed in 1903
- Located in Chicago’s South Loop
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
4,044
Businesses Nearby
Explore this area
Business Placement
Demographics for 60605, IL
34,071
Population
20,478
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
24,336
Density / Sq Mi
$118,403
Median Household Income
$82,091
Median Earnings
$2,402
Median Rent
$495,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property built in 1903 within Chicago’s South Loop, near museums, lakefront parks, dining, hotels, and event venues.
Where is this apartment building located?
The property is located at 1507 S Michigan Ave Chicago, IL.
What are key features of this property?
This property features: Six‑unit apartment building at 1507 S Michigan Ave; Constructed in 1903; Located in Chicago’s South Loop
