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Listing provided courtesy of Ascot Realty Group, Inc.MREDas Distributed by MLSGrid- MLS# 12424179MLS Provider

1467 S Michigan AvenueChicago, IL 60605

Commercial · 20,000 Sq. ft.
$2,499,000 Active

1467 S Michigan Avenue Overview

Time on Site:
346 days
Visits:
4

Own a piece of Michigan Avenue. 22,000 sqft Building plus (21X161) side lot. 63 Feet of frontage on Michigan Avenue. Excellent DX-7 zoning for ground up redevelopment or repositioning of the existing structure 10,171 sqft Land Site. Multiple Pins 17-22-108-016, 17-22-108-017, 17-22-108-018. 3rd Ward Alderman Pat Dowell

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1467 S Michigan Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 20,000
  • Price/Sq.ft. $125

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Insurance Expense: 0
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1898

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Near South Side

Tax Information

  • Tax Annual Amount: $139,254.00
  • Tax Year: 2023

General Information

  • Parcel Number: 17221080160000
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale

Interior

Building Interior

  • Building Area Total: 20000

General Information

  • Cooling: None
  • Electric: Service - 201 to 600 Amps, Power - 120V
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: Yes
  • Lot Size Dimensions: 161X63
  • Lot Size Square Feet: 10171

Building Exterior/Construction

  • Construction Materials: Brick, Concrete

General Information

  • Number Of Units Total: 0

1467 S Michigan Avenue Neighborhood

Community

60605 (CHICAGO) Demographics

34
Median Age
15,230
Population Density (per sq. mile)
83%
College Educated
$109,194
Estimated Median Income
8,552
Estimated Total Home Owners
7,714
Estimated Total Renters
53% / 47%
Estimated Owner / Renter Divide
2
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.

1467 S Michigan Avenue Monthly Cost

$
$ %
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$
$
Marc Churchill
* 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.

1467 S Michigan Avenue Market Data

Based on the last 30 days in this zip code

$473,684
Average List Price
$433
Average Price per Square Foot
42
Properties Sold
45
Average Days on Market
172
Properties for Sale
Calculations provided by Reliance Network

1467 S Michigan Avenue History

Date Event Value Agent
4/29/2026Source: MRED Status Change
Active
4/29/2026Source: MRED Status Change
Active
4/24/2026Source: MRED Price Reduction
$2,499,000 -13.8%
4/24/2026Source: MRED Price Reduction
$2,499,000 -13.8%
4/24/2026Source: MRED Status Change
Price Change
4/24/2026Source: MRED Status Change
Price Change
12/22/2025Source: MRED Status Change
Active
12/16/2025Source: MRED Status Change
Active
12/16/2025Source: MRED Added to Database
December 16, 2025
12/11/2025Source: MRED Price Reduction
$2,900,000 -17.1%
12/11/2025Source: MRED Status Change
Price Change
7/31/2025Source: MRED Status Change
Active
7/31/2025Source: MRED Added to Database
July 18, 2025