Price Reduction - New Construction
Address
5302 S Prairie Avenue, Chicago, IL
Price
$ 995,900
Property Attributes
- MLS#12694337
- TypeMulti-Family
- Listing Status Price Change
- CountyCOOK
- CityChicago
- AreaCHI - Washington Park
- NeighborhoodWashington Park
- Zip60615
- Style
- Year Built2026
- Taxes$ 1455
- Price$ 995,900
- Bedrooms9
- Full Bathrooms9
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Introducing one of Chicago's most exceptional new construction trophy investments-an architectural masterpiece that effortlessly blends sophisticated luxury, uncompromising craftsmanship, and extraordinary income-producing potential. Situated on an oversized lot in one of the city's fastest-appreciating neighborhoods, this spectacular three-unit building sets a new benchmark for modern multifamily living. Each expansive residence offers approximately 1,500 square feet of impeccably designed living space featuring three spacious bedrooms, three designer bathrooms, and an extraordinary floor plan that lives like a luxury single-family home. Every unit boasts two lavish primary suites with spa-inspired baths, creating an unparalleled level of comfort, flexibility, and privacy rarely found in today's market. Designed to impress from the moment you enter, the stunning open-concept interiors showcase exquisite finishes throughout, including custom designer cabinetry, premium quartz countertops, striking statement backsplashes, stainless steel appliances, expansive entertaining spaces, private balconies, abundant natural light, and convenient in-unit laundry hookups. Every finish has been thoughtfully curated to deliver a timeless blend of elegance, functionality, and modern sophistication. Built with exceptional attention to detail, this remarkable property features enhanced sound insulation between floors and exterior walls, providing superior privacy and an elevated living experience. A one-year builder warranty offers additional confidence and peace of mind. The outdoor living is equally impressive, featuring an expansive, fully fenced backyard designed for entertaining, gatherings, and everyday enjoyment, along with three dedicated exterior parking spaces. Perfectly positioned just moments from the CTA Green Line, only two blocks from Washington Park, and minutes from the transformative Obama Presidential Center, this extraordinary investment stands at the heart of one of Chicago's most exciting redevelopment corridors. Surrounded by billions of dollars in public and private investment-including the visionary 62-acre 78th Neighborhood development along the Chicago River-this location is poised for exceptional long-term appreciation and sustained demand. Whether you're a seasoned investor seeking a prestigious addition to your portfolio or an owner-occupant looking to offset your mortgage with substantial rental income, opportunities of this caliber are exceedingly rare. Every square foot reflects refined design, enduring quality, and exceptional craftsmanship. This is more than a multifamily property-it is a legacy investment, a trophy asset, and a statement of excellence that will captivate even the most discerning buyer.
| Price History | |
|---|---|
| 8/27/2026 | Listed $999,800 |
| 9/2/2026 | 1$999,500 |
| 9/8/2026 | 1$999,000 |
| 9/16/2026 | 1$998,000 |
| 9/22/2026 | 1$995,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Natural Gas |
| Possession | Closing,Immediate |
| Construction Materials | Brick |
| Year Built | 2026 |
| Township | South Chicago |
| Tax Year | 2025 |
| Ownership | Fee Simple |
| County | Cook |
| New Construction | Yes |
| Property Type | Residential Income |
| Total Rooms | 9 |
| Status | Price Change |
| Directions | TAKE PRAIRIE SOUTH TO PROPERTY |
| City | Chicago |
| High School District | 299 |
| MLS Area | CHI - Washington Park |
| Tax Annual Amount | 1455 |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Middle/Junior School District | 299 |
| Elementary School District | 299 |
| Property Type | Two to Four Units |
Interior Features
| Basement | None |
|---|---|
| Total Bedrooms | 9 |
| Total Baths | 9 |
| Bedrooms Possible | 9 |
| Full Baths Building | 9 |
| Total Number of Units | 3 |
Exterior Features
| Exterior Amenities | Balcony |
|---|---|
| Parking Features | Yes,Owned |
| Water Source | Lake Michigan |
| Total Parking | 3 |
| Lot Dimensions | 25X162 |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60615
Price
Taxes
Year Built
Visits
