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Listing provided courtesy of RE/MAX Mi CasaMREDas Distributed by MLSGrid- MLS# 12623778MLS Provider

511 W 45th StreetChicago, IL 60609

Single Family · 2 Beds · 1 Full Bath · 820 Sq. ft.
$299,000 Active

511 W 45th Street Overview

Time on Site:
70 days
Visits:
0

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 growth 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.

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511 W 45th Street Facts & Features

  • Type Single Family
  • Sq. ft. 820
  • Price/Sq.ft. $365

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable
  • Association Fee Includes: None

School Information

  • School District: 299

Building Information

  • New Construction: No
  • Year Built: 1888

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - New City
  • Township: South Chicago

Tax Information

  • Tax Annual Amount: $542.00
  • Tax Year: 2025

General Information

  • Ownership: Fee Simple
  • Parcel Number: 20043220220000
  • Property Type: Residential
  • Special Listing Conditions: None

Interior

Building Information

  • Approx. Total Finished SqFt.: 0
  • Disability Access: No
  • Total SqFt.: 0

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 2
  • Bedrooms Possible: 2

General Information

  • Basement: Unfinished, Full
  • Cooling: None
  • Heating: Natural Gas
  • Living Area: 820
  • Living Area Source: Landlord/Tenant/Seller
  • Rooms Total: 5

Exterior

Parking Information

  • Parking Total: 0

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 3125
  • Water Source: Lake Michigan

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Vinyl Siding

General Information

  • Sewer: Public Sewer

Room Information

Room: Bedroom 2

  • Level: Main
  • Dimensions: 9X13

Room: Dining Room

  • Level: Main
  • Dimensions: 13X11

Room: Kitchen

  • Level: Main
  • Dimensions: 15X11

Room: Living Room

  • Level: Main
  • Dimensions: 13X11

Room: Master Bedroom

  • Level: Main
  • Dimensions: 10X7

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

Room: Bedroom 3

  • Level: N/A

Room: Bedroom 4

  • Level: N/A

Room: Family Room

  • Level: N/A

Room: Laundry

  • Level: N/A

511 W 45th Street Neighborhood

Community

60609 (CHICAGO) Demographics

34
Median Age
7,786
Population Density (per sq. mile)
22%
College Educated
$40,324
Estimated Median Income
8,185
Estimated Total Home Owners
13,782
Estimated Total Renters
37% / 63%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

511 W 45th Street Monthly Cost

$
$ %
%
$
$
Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

511 W 45th Street Market Data

Based on the last 30 days in this zip code

$297,104
Average List Price
$204
Average Price per Square Foot
15
Properties Sold
81
Average Days on Market
71
Properties for Sale
Calculations provided by Reliance Network

511 W 45th Street History

Date Event Value Agent
6/29/2026Source: MRED Status Change
Active
6/21/2026Source: MRED Price Reduction
$299,000 -25.2%
6/21/2026Source: MRED Status Change
Price Change
5/9/2026Source: MRED Status Change
Active
5/4/2026Source: MRED Price Reduction
$399,990 -11.1%
5/4/2026Source: MRED Status Change
Price Change
4/25/2026Source: MRED Status Change
Active
4/20/2026Source: MRED Added to Database
April 20, 2026