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5720 S Michigan Ave Chicago, IL 60637

Sponsored
For Sale
$1,000,000

Exceptional Washington Park investment opportunity. High rental demand.

Property size:
8,000 SF

Description

Added:
Jan 17, 2025
Days on Market:
360
This 8,000 square foot multifamily building presents a compelling investment opportunity in Chicago's vibrant Washington Park neighborhood. The well-maintained property boasts a prime location, offering convenient access to public transportation, parks, diverse dining options, and cultural attractions. The building comprises ten or more spacious units, blending modern amenities with classic charm to create comfortable living spaces. Situated on a 0.18-acre lot, this property benefits from strong rental demand and significant potential for value-added improvements, making it an attractive prospect for long-term investors or developers. Its location within a revitalizing area promises exceptional future growth potential. The building's substantial size and desirable location contribute to its strong investment appeal. This is a rare chance to acquire a well-positioned multifamily asset in a rapidly developing Chicago neighborhood. The property's inherent value, coupled with the potential for further enhancements, makes it a highly sought-after investment. This opportunity is ideal for those seeking strong returns in a dynamic market.

Property Features for 5720 S Michigan Ave

General Information

Property type
Multifamily properties
Square Feet
8,000 SF
Price / Square Foot
$125
Elevators
N/A
Lot Size
8,000 SF

Building Details

Buildings
1
Stories
3

HighLights

  • 8,000 square feet multifamily building in Chicago's Washington Park neighborhood.
  • Excellent location near public transit, parks, and cultural attractions.
  • Strong rental demand and value‑add potential for future appreciation.
Property Profile Location Intelligence

Current Use by Public Records

Residential income homes

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

City
Chicago
State
Illinois

FAQs

What type of property is this?
Multifamily property - Exceptional Washington Park investment opportunity. High rental demand.
Where is this multifamily property located?
The property is located at 5720 S Michigan Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 8,000 square feet multifamily building in Chicago's Washington Park neighborhood.; Excellent location near public transit, parks, and cultural attractions.; Strong rental demand and value-add potential for future appreciation.
More about this property
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