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4501 S Michigan Ave, Chicago, IL 60653, USA|Grand Boulevard
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Property Overview
4501-03 S Michigan Ave offers a solid Zumper Expert Rating, indicating its overall appeal and desirability in the area. Key advantages include access to local amenities and public transportation, making it convenient for residents. Notable features enhance its attractiveness, contributing to its reputation as a viable living option in the community.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive
Floor plans
| 2 bed | 2 bed | 1 bath | ||||
| 3 bed | 3 bed | 2 bath | ||||
| 3 bed | 3 bed | 1 bath | ||||
| 3/1 | 3 bed | 1 bath | ||||
| 4/2 | 4 bed | 2 bath |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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Building details
Property details
| Units | 15 |
|---|
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About 4501-03 S Michigan Ave (NEW)
Located at 4501 S Michigan Ave, Chicago, IL 60653, USA, 4501-03 S Michigan Ave (NEW) has 2 — 4 bedroom units available.Other apartment buildings in or around Chicago include but are not limited to: 3631 W Dickens Ave
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.0
/10
Very GoodWith a solid 8 out of 10 overall, 4501-03 S Michigan Ave (NEW) is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 4501-03 S Michigan Ave (NEW) has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
4501-03 S Michigan Ave (NEW) stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 4501-03 S Michigan Ave (NEW) is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
4501-03 S Michigan Ave (NEW) is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 4501-03 S Michigan Ave (NEW) does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
4501-03 S Michigan Ave (NEW) provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 4501-03 S Michigan Ave (NEW) compares to other nearby properties.
Positives
- Less expensive
- The 4-bedrooms are cheaper than other similar listings nearby
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 0.4 mile away
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
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Rent trends in Grand Boulevard
Median rents as of Mar 14 2026.
Grand Boulevard
Chicago
| Month | Median Rent |
|---|---|
| March 2024 | $1,987 |
| April 2024 | $1,745 |
| May 2024 | $1,751 |
| June 2024 | $1,764 |
| July 2024 | $1,931 |
| August 2024 | $1,691 |
| September 2024 | $1,682 |
| October 2024 | $1,630 |
| November 2024 | $1,568 |
| December 2024 | $1,501 |
| January 2025 | $1,483 |
| February 2025 | $1,495 |
| March 2025 | $1,520 |
| April 2025 | $1,512 |
| May 2025 | $1,502 |
| June 2025 | $1,531 |
| July 2025 | $1,580 |
| August 2025 | $1,516 |
| September 2025 | $1,473 |
| October 2025 | $1,495 |
| November 2025 | $1,520 |
| December 2025 | $1,495 |
| January 2026 | $1,496 |
| February 2026 | $1,516 |
| March 2026 | $1,655 |
| Month | Median Rent |
|---|---|
| May 2024 | $9,999 |
| June 2024 | $5,462 |
| July 2024 | $1,025 |
| August 2024 | $1,012 |
| September 2024 | $943 |
| October 2024 | $915 |
| November 2024 | $850 |
| March 2025 | $1,037 |
| April 2025 | $1,312 |
| May 2025 | $1,004 |
| June 2025 | $1,108 |
| July 2025 | $1,011 |
| August 2025 | $770 |
| September 2025 | $800 |
| October 2025 | $727 |
| November 2025 | $612 |
| December 2025 | $651 |
| January 2026 | $650 |
| February 2026 | $718 |
| March 2026 | $905 |
Schools near 4501-03 S Michigan Ave (NEW)
Bronzeville Classical Elementary School
8 w root st
chicago, IL, 60609
K-6Public
A-
Ariel Elementary Community Academy
1119 e 46th st
chicago, IL, 60653
PK, K-8Public
C-
Bridgeport Child Development Center
3053 s normal ave
chicago, IL, 60616
PKPublic
Chicago Commons Paulo Freire Center
1653 west 43rd st
chicago, IL, 60609
PKPublic
Thomas Early Childhood Center
3625 s hoyne ave
chicago, IL, 60609
PKPublic
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Internet available near 4501-03 S Michigan Ave (NEW)
Getting around Chicago near 4501 S Michigan Ave
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
7/10
Popular public transit options are just a short walk from this location.
Points of interest for 4501 S Michigan Ave, Chicago
Groceries
6/10
At least one grocery store within a 15-minute walk
Shopping
6/10
Variety of shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
6/10
Some restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
8/10
At least one high school within a 20-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
3/10
Few or no bars within walking distance
Explore the area around 4501 S Michigan Ave
200 Cut Rate Liquors & Grocers
204 E 47th St
Sugars Plus Inc
525 E 47th St
Sip & Saver
528 E 43rd St
Addictive Eats
4028 S King Dr
Red Apple
315 E 51st St
J Bees Sportswear
232 E 47th St
Dress Code
205 E 47th St
DTLR
306 E 47th St
Shoe Avenue
323 E 47th St
City Sports
338 E 47th St
Sip & Savor
78 E 47th St
Starbucks
3857 S Dr Martin Luther King Dr
Carver 47 Cafe
1060 E 47th St
Dunkin'
5454 S State St
Dunkin'
825 W 47th St
Windy City Ciga R Lounge
4310 S Prairie Ave
Juke Joynt
515 E 47th St
Kelly's Tavern
4403 S Wallace St
The Park Supper Club
65 E Garfield Blvd
Good Time Sports Bar
200 E 35th St
Tiers of Joy
4137 S Prairie Ave
Forget Me Not A Gourmet Treat
4929 S Prairie Ave
Danielson Food Products
215 W Root St
Cobblestone Bakery-Caterer Inc
4424 S Cottage Grove Ave
Just Turkey
4353 S Cottage Grove Ave
Jackson Playlot Park
Buckthorn Park
Birch Playlot Park
Aspen Park
Taylor Park
Femme Fatale Soulful Bistro
4419 S Indiana Ave
Chicago Wingz Around the World (47th) LLC
108 E 47th St
Kennedy Fish & Chicken
112 E 47th St
Shawn Michelle's Ice Cream Inc
46 E 47th St
Tony's Carryouts
101 E 47th St
47th Street / Indiana
47th
47th Street / Michigan
47th
47th Street / Indiana
47th
47th Street / Michigan
47th
47th Street / Prairie
47th
35th St. - Lou Jones
Rock Island
47th St. (Kenwood)
Metra Electric
51st/53rd St. (Hyde Park)
Metra Electric
55th - 56th - 57th St.
Metra Electric
57th St.
South Shore Line, South Shore Line
47th
Green Line, Green Line
43rd
Green Line, Green Line
47th
Red Line, Red Line
Indiana
Green Line, Green Line
51st
Green Line, Green Line
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