Active

511 W 45th Street

Chicago, IL 60609

$399,990 $1,686/Mo

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Overview

Bed

Bath

820

Sqft

Description

Positioned in a highly strategic pocket of the city, 511 W 45th St presents a compelling opportunity for investors and builders looking to capitalize on both location and scale. This property sits on a generously sized lot, offering the kind of flexibility that is increasingly rare-ideal for redevelopment, expansion, or a thoughtfully designed new construction project. What truly sets this site apart is its exceptional accessibility. With seamless connectivity to major thoroughfares, public transit, and key urban hubs, future residents or tenants will benefit from effortless commuting and proximity to employment centers, dining, retail, and entertainment. This level of convenience consistently drives demand and long-term value. The surrounding area continues to experience steady grow th and reinvestment, signaling strong upside potential. Whether you envision a modern single-family development, multi-unit build, or a high-yield investment property, the fundamentals here align: location, lot size, and accessibility. Opportunities like this-where land, location, and future potential intersect-are increasingly scarce. 511 W 45th St stands as a prime canvas for a forward-thinking investor ready to unlock its full value.

Property Details

Property Type : Residential

Price : $399,990

AD Id : 77618797

MLS Id : MRD12623778

Beds : 2

Living Area Size : 820

Year Built : 1888

County : Cook

Map

Features

Bedroom Information

Total Bedroom: 2 Room Types: No additional rooms

Bathroom Information

Total Baths: 1 Full Baths: 1

Room Information

Rooms Total: 5
Flooring Information

Construction Materials: Vinyl Siding
Heating & Cooling

Heating: Natural Gas Cooling: None WaterSource: Lake Michigan

Building Information

Year Built: 1888

Lot Information

Lot Dimensions: 3125 Lot Size: Less Than .25 Acre

Property Information

Property Type: Residential Sub Type: Detached Single Type Detached: 1.5 Story,Tear Down

Listing Price Information

Original List Price:$450000

Tax Information

Annual Tax: $542 Tax Year: 2025 Parcel Number: 20043220220000 Tax Exemption: Homeowner,Senior,Senior Freeze

Homeowners Association Information

Included Fees: None

Utility Information

Sewer: Public Sewer Water Source: Lake Michigan
Location Information

City: Chicago Direction: Head to the intersection of Halsted St & W 45th St Turn west onto W 45th St Continue about 1/2 block Arrive at 511 W 45th St (on the north/right side of the street)

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
4178 S Wallace Street, Chicago, IL, 60609	$398,000	3	2	1,310	1,310 SqFt
3506 S State Street #308, Chicago, IL, 60609	$259,000	2	1	1,020	1,020 SqFt
2111 W 50th Place, Chicago, IL, 60609	$159,000	4	2	1,360	1,360 SqFt
3656 S Seeley Avenue, Chicago, IL, 60609	$560,000	5	2	1,340	1,340 SqFt
500 W 42nd Street, Chicago, IL, 60609	$279,900	4	2	1,408	1,408 SqFt
257 W Swann Street, Chicago, IL, 60609	$140,000	2	1	1,371	1,371 SqFt
5242 S Sangamon Street, Chicago, IL, 60609	$108,400	5	2	920	920 SqFt
3521 S Parnell Avenue #C, Chicago, IL, 60609	$628,000	3	4	2,000	2,000 SqFt
974 W 35th Place #202, Chicago, IL, 60609	$315,000	2	2	1,175	1,175 SqFt
3938 S Wells Street #2, Chicago, IL, 60609	$265,000	2	2	1,500	1,500 SqFt

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ByOwner last updated this listing 06/07/2026 @ 18:20

MLS: MRED #12623778 LISTED BY: Melania Reyes, RE/MAX Mi Casa 773-767-1616 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)