$450,000

Estimated payment $2,415/month

Total Views 1,311
2 Beds
1 Bath
820 Sq Ft
$549 Price per Sq Ft

Highlights

  • Living Room
  • Dining Room
  • Senior Tax Exemptions
  • Laundry Room
  • Family Room

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.

Listing Agent

Melania Reyes

RE/MAX Mi Casa Brokerage Phone: (708) 655-1481 License #475171944 Listed on: 04/20/2026

RE/MAX Mi Casa

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $542

Year Built

  • Built in 1888

Lot Details

  • Tear Down

Home Design

  • Vinyl Siding

Interior Spaces

  • 820 Sq Ft Home
  • 1.5-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$542

Year Built

Built in 1888

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1.5 Story,Tear Down
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1.5 Story,Tear Down
  • Year Built: 1888
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: No
  • Attribution Contact: (708) 655-1481
  • MRD_WaterViewYN: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Unfinished, Full
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • LivingArea: 820
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Waterfront: No

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 3125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 542
  • Tax Year: 2025
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,046 $16,000 $1,875 $14,125
2024 $1,046 $16,000 $1,875 $14,125
2023 $1,046 $12,000 $3,125 $8,875
2022 $1,046 $12,000 $3,125 $8,875
2021 $996 $12,000 $3,125 $8,875
2020 $1,027 $15,280 $3,125 $12,155
2019 $1,024 $16,978 $3,125 $13,853
2018 $1,009 $16,978 $3,125 $13,853
2017 $1,080 $12,831 $2,812 $10,019
2016 $0 $12,831 $2,812 $10,019
2015 $0 $12,831 $2,812 $10,019
2014 $2,238 $12,060 $2,656 $9,404
2013 -- $12,060 $2,656 $9,404
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2026 04/20/26 For Sale $450,000 -- $549 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12623778

Midwest Real Estate Data (MRED)

APN: 20-04-322-022-0000

Your Personal Tour Guide

Ask me questions while you tour the home.