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    5533 S Michigan Ave Chicago, IL 60637

    New
    For Sale
    $250,000

    Residential Income, Greystone - Chicago, IL

    Lot size:
    0.02 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 13 at 7:06 pm

    Property Features for 5533 S Michigan Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    7
    APN
    20151020060000
    Lot size
    0.02 Acres

    Utilities

    Heating system
    Other (Heating)

    Building Details

    Year built
    1898
    Architectural style
    Other

    Real People Realty (708) 634-0103 [email protected]

    Listing agent Brenda Frierson (708) 634-0103 License #475172588

    Listing date Dec 12, 2025

    MLS# 12524943 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Washington Park Greystone For Sale

    This classic Greystone property is located in Chicago's Washington Park neighborhood, steps away from the historic Washington Park. The multi-unit building features vintage architectural charm, including original millwork staircase, highlighting turn-of-the-century craftsmanship. The property is suitable for both owner-occupants and investors. The property is located near public transit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6219599
    Latitude
    41.7933693

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    FAQs

    What type of property is this?
    Apartment building - Classic multi-unit Greystone near Washington Park and public transit.
    Where is this apartment building located?
    The property is located at 5533 S Michigan Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Steps from historic Washington Park; - Multi-unit Greystone property, suitable for owner-occupants or investors; - **Original millwork staircase highlights vintage architectural charm**
    (708) 634-0103
    Request Owner's contact information
    5533 S Michigan Ave Chicago, IL 60637
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    Chicago, IL 60637
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5533 S Michigan Ave Chicago, IL 60637
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