20-Unit Apartment
4901 S Michigan Ave, Chicago, IL 60615
For Sale
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Vacant multifamily property with RM-5 zoning and a defined bedroom mix.
Property Size21,615 SF
Days on Market63
Property Features for 4901 S Michigan Ave
General Information
Standard status
Size
Property subtype
Zoning
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Listing Agency:
SVN | Chicago - Corporate
Listed By:
Joe Connelly
(630) 550-1515
Source:
Svnchicago
Added: Sep 5
Changed: Oct 26
Last Checked: Nov 6 at 5:53AM
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 SVN | Chicago - Corporate
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Investment Insights
Based on property information with market context.
The property is a 21,615-square-foot apartment building containing 20 units. The configuration includes 9 two-bedroom, one-bath apartments, 9 three-bedroom, one-bath apartments, and 2 four-bedroom, one-bath apartments. Built in 1898, the building is vacant and requires extensive work to its common areas, individual apartments, and mechanical systems.
Located at 4901 S Michigan Ave in Chicago’s Bronzeville/Grand Boulevard area, the property is zoned RM-5. Its existing unit count and varied apartment layouts provide a defined multifamily configuration for a renovation project.
Located at 4901 S Michigan Ave in Chicago’s Bronzeville/Grand Boulevard area, the property is zoned RM-5. Its existing unit count and varied apartment layouts provide a defined multifamily configuration for a renovation project.
Key Highlights
- 20‑unit apartment building totaling 21,615 SF
- Unit mix includes 9 two‑bedroom, 9 three‑bedroom, and 2 four‑bedroom apartments
- All 20 apartments feature 1 bath
Property Analytics
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Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
1,299
Businesses Nearby
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Business Placement
Demographics for 60615, IL
43,502
Population
24,997
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
93%
High-School Grad
2.2 sq mi
ZIP Area
19,774
Density / Sq Mi
$62,105
Median Household Income
$47,186
Median Earnings
$1,444
Median Rent
$305,200
Median Home Value
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Market
Properties on Market for Apartment buildings in Chicago
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Vacant multifamily property with RM-5 zoning and a defined bedroom mix.
Where is this apartment building located?
The property is located at 4901 S Michigan Ave Chicago, IL.
What are key features of this property?
This property features: 20‑unit apartment building totaling 21,615 SF; Unit mix includes 9 two‑bedroom, 9 three‑bedroom, and 2 four‑bedroom apartments; All 20 apartments feature 1 bath
