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Listed by Steven Rapoportof Chicago Real Estate Resources
$ 895,000
Est. payment | /mo
$ 895,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12510302
Year Built 1895
Annual Tax Amount $8,467
Tax Year 2023
Lot Dimensions 8102
Property Sub-Type Multi Family 5+
Property Description
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.
Location
State IL
County Cook
Zoning MULTI
Interior
Fireplace N
Exterior
View Y/N true
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2600 S. Michigan Avenue, Suite 102, Chicago, IL, 60616, United States