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Highlights

  • Hardwood floors
  • In-unit laundry
  • Modern living
  • In-unit laundry facilities
  • High-end finishes
  • Private ensuite bathroom

Location

4950 S Michigan Ave #1, Chicago, IL 60615, USA|Grand Boulevard

Tour 4950 S Michigan Ave #1

Contact

PMI ChiTown

(844) 284-9790 ext. 8456

Amenities for 4950 S Michigan Ave #1, Grand Boulevard

Community

Onsite Laundry

Grounds

Storage

Services

On-Site ManagementPackage Service
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

Building details

Property details

Lease terms12+ months

About 4950 S Michigan Ave #1

HomeApartments in ChicagoGrand Boulevard 4950 S Michigan Ave #1, Chicago, IL 60615, USA

Step into luxurious, brand-new living with this exquisite 3-bedroom and 2-bath condo! Designed for modern living, this unit welcomes you with an open layout and high-end finishes that immediately feel like home. Open layout living area with natural lights perfect for hosting. Amazing kitchen with upgraded cabinets, quartz countertops and stainless steel appliances. Unwind in the spacious primary bedroom, complete with a serene private ensuite bathroom. Convenience is key with in-unit laundry facilities and customized closets in every room for ample storage. Hardwood floors throughout the unit. Tenant pays all the utilities. All Pmi Chi-Town residents are enrolled in the Resident Benefits Package (rbp) for $35.95/month which includes insurance. If a resident successfully submits their own insurance policy and it is approved, $10.95 will be deducted from the cost. More details upon application. By submitting your information on this page you consent to being contacted by the Property Manager and RentEngine via SMS, phone, or email.


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 4950 S Michigan Ave, Chicago, IL 60615, USA compares to other nearby properties.

Positives

High school nearby
There is a high school 0.1 miles away
Less expensive
The 3-bedrooms are cheaper than other similar listings nearby
Extra storage
In-unit features
Images Available
There are at least 10 photos of this property
Package service
More secure storage for delivery

Considerations

Greater distance from middle schools
The nearest middle school is farther than 1.7 miles away
Greater distance from grade schools
The nearest elementary school is farther than 0.4 miles away

Address details

NeighborhoodGrand Boulevard
Zip code60615
TypeCondo for rent

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Rent trends in Grand Boulevard

3-bedroom apartments at 4950 S Michigan Ave #1 cost about 10% less than the average rent price for 3-bedroom apartments in Chicago.

Median rents as of Oct 10 2026.
Grand Boulevard
Chicago
A table of 3-bedroom apartment rental data trends in Chicago
MonthMedian Rent
October 2024$2,995
November 2024$2,921
December 2024$2,891
January 2025$2,880
February 2025$2,917
March 2025$2,888
April 2025$2,911
May 2025$2,944
June 2025$2,961
July 2025$2,986
August 2025$2,854
September 2025$2,699
October 2025$2,650
November 2025$2,839
December 2025$2,640
January 2026$2,649
February 2026$2,751
March 2026$2,932
April 2026$2,985
May 2026$3,000
June 2026$3,024
July 2026$2,967
August 2026$2,889
September 2026$2,832
October 2026$2,797
A table of 3-bedroom apartment rental data trends in Grand Boulevard
MonthMedian Rent
October 2024$2,450
November 2024$2,437
December 2024$2,305
January 2025$2,353
February 2025$2,400
March 2025$2,439
April 2025$2,467
May 2025$2,409
June 2025$2,437
July 2025$2,450
August 2025$2,331
September 2025$2,362
October 2025$2,394
November 2025$2,334
December 2025$2,312
January 2026$2,364
February 2026$2,425
March 2026$2,462
April 2026$2,418
May 2026$2,473
June 2026$2,363
July 2026$2,318
August 2026$2,309
September 2026$2,375
October 2026$2,475

Affordability calculator

Can I afford to live at 4950 S Michigan Ave #1?

Bedrooms

3 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$90,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $90,000 annually to afford this 3-bedrooms monthly rent price of $2,250.
For more information on rent affordability, visit our rent calculator.

Rent history

The increase or decrease in monthly rent compared to the previous listing price.
Check out the past listing prices for monthly rent at 4950 S Michigan Ave, Chicago, IL.
5 months ago$2,4503 bed2 bath
9 months ago$2,6503 bed2 bath
9 months ago$2,6503 bed2 bath
1 year ago$2,6503 bed2 bath

Schools near 4950 S Michigan Ave #1

Burke Elementary School

5356 s king dr

chicago, IL, 60615

PK, K-8Public
C-

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-

Chicago Commons Paulo Freire Center

1653 west 43rd st

chicago, IL, 60609

PKPublic

Bridgeport Child Development Center

3053 s normal ave

chicago, IL, 60616

PKPublic
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Getting around Chicago near 4950 S Michigan Ave #1

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

7/10
This area is close to freeways and has adequate parking options.

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 4950 S Michigan Ave #1, Chicago

Groceries

8/10
Wide variety of groceries within a few minutes' walk

Shopping

7/10
Wide variety of shops within a short drive, including some within walking distance

Cafes

6/10
Wide variety of cafés within a short drive, including some within walking distance

Restaurants

8/10
Wide variety of restaurants within a short drive, including some within walking distance

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

10/10
At least one high school within a 5-minute walk

Parks

8/10
Very large amount of park space within a few minutes' walk

Nightlife

5/10
Variety of bars within a short drive

Explore the area around 4950 S Michigan Ave #1

Red Apple
315 E 51st St
200 Cut Rate Liquors & Grocers
204 E 47th St
Sugars Plus Inc
525 E 47th St
Sip & Saver
528 E 43rd St
Tony's Stop & Save
4351 S Cottage Grove Ave

Other units at this address

4950 S Michigan Ave Chicago, IL

Occupied

2

3 Beds

2 Baths

$2,650

Listed by PMI ChiTown
Days on market: 378
Step into luxurious, brand-new living with this exquisite 3-bedroom and 2-bath condo. Designed for modern living, this unit welcomes you with an open layout and high-end finishes that immediately feel like home. Open layout living area with natural lights perfect for hosting. Amazing kitchen with upgraded cabinets, quartz countertops and stainless steel appliances. Unwind in the spacious primary bedroom, complete with a serene private ensuite bathroom. Convenience is key with in-unit laundry facilities and customized closets in every room for ample storage. Hardwood floors throughout the unit. Tenant pays all the utilities. All Pmi Chi-Town residents are enrolled in the Resident Benefits Package (rbp) for $35.95/month which includes insurance. If a resident successfully submits their own insurance policy and it is approved, $10.95 will be deducted from the cost. More details upon application. All leases will be extended until February 2027 as we do not end leases in winter months - October, November, December or January. Unit 1 available for $2,450 without Parking. Hardwood. Provided by rentalsource com

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