511 W 45th Street
Chicago, IL, 60609
$450,000
2 Beds
1 Baths
820 SqFt
0 Acres
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$450,000
511 W 45th Street
Chicago, IL, 60609
MLS #MRD12623778 image #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.

Property Details

Price:
$450,000
MLS #:
MRD12623778
Status:
Active
Beds:
2
Baths:
1
Type:
Single Family
Neighborhood:
chinewcity
Listed Date:
Apr 20, 2026
Finished Sq Ft:
820
Year Built:
1888
Chi – New CityChinewcity

Schools

School District:
299

Interior

Bathrooms
1 Full Bathroom
Cooling
None
Heating
Natural Gas

Exterior

Construction Materials
Vinyl Siding

Financial

HOA Fee Frequency
Not Applicable
HOA Includes
None
Tax Year
2025
Taxes
$542
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Single Family in Chicago as of May 02, 2026
2,697
Single Family Listed
69
Avg DOM
238
Avg $ / SqFt
$593,449
Avg List Price

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Property Summary

    511 W 45th Street Chicago IL is a Single Family for sale in Chicago, IL, 60609. It is listed for $450,000 and features 2 beds, 1 baths, and has approximately 820 square feet of living space, and was originally constructed in 1888. The current price per square foot is $549. The average price per square foot for Single Family listings in Chicago is $238. The average listing price for Single Family in Chicago is $593,449. To schedule a showing of MLS#mrd12623778 at 511 W 45th Street in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
511 W 45th Street
Chicago, IL