5849 S Michigan Avenue
Chicago, IL, 60637
$749,000
4 Beds
3 Baths
0 SqFt
0 Acres
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MLS #MRD12765767 image #0
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
Chi – Washington ParkChiwashingtonpark

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Schools

Interior

Cooling
None

Exterior

Construction Materials
Brick
Stories
3

Financial

Maintenance Fee
$2,365
Net Operating Income
$87,126
Tax Year
2024
Taxes
$13,305

Map

Community

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

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