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New Construction Three-Unit Triplex
New
For Sale
$959,900

5167 S Michigan Ave, Chicago, IL 60615

Three modern residences feature open layouts, private laundry, contemporary finishes, and controlled building access.

Property Size1,500 SF
Price / SF$639.93
Days on Market6

Property Features for 5167 S Michigan Ave

General Information

Standard status Active
Size 1,500 SF
Property subtype Multi-Family

Units

Unit Mix 3 x 3BR/2BA
Multifamily Units 3

Additional Details

Public Transit Yes

Amenities

in-unit laundry
security cameras
video intercom system

Building Details

Year Built 2026
Listing Agency: Coldwell Banker Realty
Listed By: Bobby Grilli
Source: Grillimurphyrealestate
Added: Sep 16 Changed: Sep 20 Last Checked: Sep 21 at 6:25AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty

Investment Insights

Based on property information with market context.

Completed in 2026, this three-unit property offers spacious residences designed with open-concept interiors and condo-quality finishes. Each unit measures 1,500 square feet and includes three bedrooms, two bathrooms, 42-inch cabinetry, stainless steel appliances, recessed lighting, in-unit laundry, built-in storage closets, and a primary bathroom. The upper residence adds a vaulted ceiling and decorative railings. Building systems include integrated cameras and ButterflyRX, a cloud-based video intercom that lets residents manage entry and deliveries from a smartphone.

The property is located at 5167 S Michigan Ave in Chicago’s Washington Park area, with the CTA line a 2-minute walk away and Washington Park easily accessible. The three-unit configuration provides a clearly defined multifamily layout with contemporary construction and resident-focused access features.

Key Highlights

  • Three‑unit multifamily property completed in 2026
  • Each residence offers 1,500 square feet with 3 bedrooms and 2 bathrooms
  • 42‑inch cabinets, stainless steel appliances, recessed lighting, and in‑unit laundry

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Building Supply HVAC Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Plumbing Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,092
Businesses Nearby

Demographics for 60615, IL

43,502
Population
24,997
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
93%
High-School Grad
2.2 sq mi
ZIP Area
19,774
Density / Sq Mi
$62,105
Median Household Income
$47,186
Median Earnings
$1,444
Median Rent
$305,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three modern residences feature open layouts, private laundry, contemporary finishes, and controlled building access.
Where is this triplex located?
The property is located at 5167 S Michigan Ave Chicago, IL.
What is the asking price?
The asking price for this property is $959,900.
What are key features of this property?
This property features: Three‑unit multifamily property completed in 2026; Each residence offers 1,500 square feet with 3 bedrooms and 2 bathrooms; 42‑inch cabinets, stainless steel appliances, recessed lighting, and in‑unit laundry
More about this property
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