Address
5849 S Michigan Avenue, Chicago, IL
Price
$ 749,000
Property Attributes
- MLS#12765767
- TypeMulti-Family
- Listing Status New
- CountyCOOK
- CityChicago
- AreaCHI - Washington Park
- NeighborhoodWashington Park
- Zip60637
- Style
- Year Built1908
- Taxes$ 13305
- Price$ 749,000
- Bedrooms4
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Welcome to this lovely property located in Chicago's Washington Park neighborhood consisting of an all-brick exterior with 8 units. This multifamily property located in One of Chicagos premier communities features SIX spacious 3-bedroom/1-bath units and two versatile garden apartments, with a fully occupied rent roll and strong rents in place. The residences feature hardwood flooring, decorative fireplaces, oversized windows, abundant natural light, and private rear decks. Additional property amenities include on-site laundry, basement storage, and six rear parking spaces. Owner-reported improvements include two water heaters replaced within the past two years, along with a modernized boiler system equipped with wireless thermostats. An excellent opportunity for investors seeking a multifamily asset with established rental income and additional value potential. Serious inquiries only. Financial qualification, including proof of liquid funds, is required prior to scheduling a showing.
| Price History | |
|---|---|
| 9/21/2026 | Listed $749,000 |
General Features
| Cooling | None |
|---|---|
| Zoning | MULTI |
| Construction Materials | Brick |
| Year Built | 1908 |
| Tenant Pays | Electricity |
| Stories Count | 3 |
| Tax Year | 2024 |
| Gross Income | 190200 |
| County | Cook |
| Net Operating Income | 87126 |
| Operating Expense | 18450 |
| Insurance Expense | 12000 |
| Property Type | Commercial Sale |
| MaintenanceExpense | 2365 |
| Possible Use | Multi-Family |
| Status | New |
| Directions | From I-94,take Exit 57B for Garfield Blvd,head east to Michigan Ave,then proceed north to the property |
| City | Chicago |
| Number Of Units Total | 8 |
| MLS Area | CHI - Washington Park |
| Tax Annual Amount | 13305 |
| Electric Expense | 450 |
| Fuel Expense | 7000 |
| Trash Expense | 6000 |
| Water Sewer Expense | 7200 |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
| Cap Rate | 9.1 |
Exterior Features
| Lot Dimensions | 50x160 |
|---|
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 60637
Price
Taxes
Year Built
Visits
