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.
Property Details
Price:
$749,000
MLS #:
MRD12765767
Status:
Active
Beds:
4
Baths:
3
Type:
Commercial
Neighborhood:
chiwashingtonpark
Listed Date:
Sep 21, 2026
Year Built:
1908
See this Listing
Schools
Interior
Cooling
None
Exterior
Construction Materials
Brick
Stories
3
Financial
Maintenance Fee
$2,365
Tax Year
2024
Taxes
$13,305
Map
Community
- Address5849 S Michigan Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60637
Market Summary
Current real estate data for Commercial in Chicago as of Oct 04, 2026
906
Commercial Listed
185
Avg DOM
$1,021,515
Avg List Price
Property Summary
- 5849 S Michigan Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60637. It is listed for $749,000
Similar Listings Nearby

Copyright 2026. All rights reserved.
5849 S Michigan Avenue
Chicago, IL


