5617 S Michigan Avenue Chicago, IL ^$ 895,000

5617 S Michigan Avenue

^$ 895,000

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5617 S Michigan Avenue

Chicago, IL, 60637

^$ 895,000

Bedrooms5 Baths0.0

Monthly Estimate*

^$ 5,584

5617 S Michigan Avenue, Chicago, IL 60637 - Image 1

5617 S Michigan Avenue, Chicago, IL 60637 - Image 2

5617 S Michigan Avenue, Chicago, IL 60637 - Image 3

5617 S Michigan Avenue, Chicago, IL 60637 - Image 4

5617 S Michigan Avenue, Chicago, IL 60637 - Image 5

5617 S Michigan Avenue, Chicago, IL 60637 - Image 6

5617 S Michigan Avenue, Chicago, IL 60637 - Image 7

Multi-Family Home for sale in Chicago, IL

for $895,000 with 5 bedrooms. This home was built in 1895 on a lot size of 0.185996.

This six-unit building at 5617-5619 S Michigan Avenue offers investors both strong in-place income and pride of ownership. The property features a pristine stone facade and modern interiors with updated plumbing, electrical systems, and porches. It is a short walk to the CTA Green Line at Garfield, Washington Park, and only a quick drive to I-90, providing easy access to downtown Chicago and surrounding neighborhoods. Located in the Washinton park neighborhood a rapidly developing corridor just west of Hyde Park, University of Chicago and the Museum of Science and Industry, the property is positioned within an area that offers the opportunity for investors seeking both strong current returns and excellent appreciation potential.

Multi-Family Contingent

Price

^$ 895,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 8,467

Style

Lot Size

0.185996

Year Built

1895

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12510302

Features

General

Zoning MULTI

Year Built 1895

Stories Count 3

Tax Year 2023

Gross Income 126804

County Cook

Net Operating Income 83495

Operating Expense 41073

Insurance Expense 0

Property Type Commercial Sale Multi Family 5+

Contingency Attorney/Inspection

MaintenanceExpense 0

Status Contingent

Directions Michigan Ave South of 56th North of 57th

City Chicago

Number Of Units Total 6

MLS Area CHI - Washington Park

Lot Size Square Feet 8102

Tax Annual Amount 8467

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Standard Status Active Under Contract

Exterior

Lot Dimensions 8102

* Excluded Features

List By

Chicago Real Estate Resources

Broker

stevenr@crer.com

Affordability Calculator

$6,289

Per Month

Monthly Principal & Interest: $5,584
Monthly Property Taxes: $706
Monthly Home Insurance: --

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Loan Term

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% 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.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$615,846

Percent of Sale Price 31%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/4/2025	$895,000		Listed Price

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5617 S Michigan Avenue, Chicago, IL, 60637 is a Multi-Family Home for sale at $895,000 with a lot size of 0.185996. 5617 S Michigan Avenue has 5 bedrooms, 0.0 baths, and was built in 1895. The property's zip code is 60637 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 12/8/2025.

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5617 S Michigan Avenue

Multi-Family Home for sale in Chicago, IL

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