5659 S Michigan Avenue
Chicago, IL, 60637 $ 1,075,000
Bedrooms7 Baths0.0 Monthly Estimate*
$ 7,509
for $1,075,000 with 7 bedrooms. This home was built in 1903.
Proud to present 5651-5659 S. Michigan Ave. Heavy value-add 18 unit multifamily in the opportunity and enterprise zone in Washington Park! The property is located in Chicago's Washington Park, with quick and easy access to major transportation routes on E 55th Street, I-90, and I-94 Expressway. This property consists of (1) four bedroom, two-bath units, (1) two bedroom, two-bath units, and (16) one bedroom, one-bath units. Target, Walmart Neighborhood Market, Whole Foods Market, Dollar Tree, Trader Joe's, Walgreens, Ulta Beauty, DTLR, CVS, T-Mobile, and Ross Dress for Less are all within four miles of this property. Starbucks, McDonald's, Burger King, Wingstop, Pizza Hut, Subway, Dunkin', Popeyes Louisiana Kitchen, Taco Bell, Checkers, KFC, Wendy's, Jimmy John's, Church's Chicken, and White Castle are all located in the bustling area. Residents and visitors to the neighborhood can enjoy Washington Park, a 366-acre park that features a pool, three playgrounds, numerous baseball and softball fields, cricket fields, a football/soccer combo field, and Bynum Island.
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FeaturesGeneralYear Built 1903
Tenant Pays Other
Stories 3
Tax Year 2021
Gross Income 0
County Cook
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
Property Type Commercial Sale Multi Family 5+
Status Active
Directions Head south on S Rhodes Ave toward E 84th St 413 ft Turn right onto E 84th St Turn right onto S State St Take the I-94 W ramp on the left Keep left at the fork and merge onto I-94 W Fo
City Chicago
Total Units 18
MLS Area CHI - Washington Park
Street Name Michigan
Tax Annual Amount 18491
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N Y
Days on Market 168
Standard Status Active
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* Excluded FeaturesList ByKeller Williams OnechicagoBroker
tonyhardy@kw.com;Dealjunky101@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,509
- Monthly Property Taxes
- $1,541
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Chicago, IL
Average List Price $640,808
Percent of Sale Price 40%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/15/2024 | $1,075,000 | -23.21% | Price Down |
| 10/3/2023 | $1,400,000 | | Listed Price |