Subdiview
Back to Chicago
Active46 days on market

$399,990

$450,000 · just reduced

511 45th Street

Chicago, IL 60609

Beds
2
Baths
1 full
Sqft
820
$/sqft
$488
Built
1888
Type
Single Family
MLS#
MRD12623778

About this home

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.

MRED Broker ReciprocityMRED Broker Reciprocity

This listing is part of the MRED data exchange program provided courtesy of RE/MAX Mi Casa, listed by Melania Reyes.

Information last updated May 14, 2026, 3:22 PM.

511 45th Street

Chicago, IL 60609

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Property details

Sourced from the MRED MLS feed. Last updated when the listing was modified.

Cooling
None
Heating
Natural Gas
Basement
Unfinished, Full
Rooms total
5