Building Details

Year Built 1906

Listing Agency: Juniper Real Estate LLC c***@gmail.com Show Phone

Listed By: Charles Vasbinder · License #471021520 Show Phone

Source: Compass

Added: Mar 1 Changed: Jul 22 Last Checked: Aug 1 at 12:15PM

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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 Juniper Real Estate LLC

Investment Insights

Based on property information with market context.

Offered for sale, this multifamily apartment building is listed as a residential income property and falls under the apartment buildings and other apartment buildings categories.

The property is located at 5720 South Michigan Avenue in Chicago, Illinois 60637. The current list price is $1,125,000. Interested parties should contact the broker for additional details on the building’s configuration, unit mix, and operating information.

Key Highlights

• Multifamily apartment building for sale at 5720 South Michigan Avenue in Chicago
• Year built: 1906

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Building Supply HVAC Service (Bike/Boat/Book/etc) Store Storage Facility Home Appliance 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.

Location Intelligence

Trade Area within ½ mile

803

Businesses Nearby

Explore this area Business Placement

Demographics for 60637, IL

53,555

Population

26,717

Households

2

Avg Household Size

31

Median Age

37%

College-Educated

89%

High-School Grad

4.5 sq mi

ZIP Area

11,901

Density / Sq Mi

$42,080

Median Household Income

$33,227

Median Earnings

$1,170

Median Rent

$243,700

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?

Apartment building - For-sale multifamily apartment building at 5720 South Michigan Avenue in Chicago.

Where is this apartment building located?

The property is located at 5720 South Michigan Avenue Chicago, IL.

What is the asking price?

The asking price for this property is $1,125,000.

What are key features of this property?

This property features: Multifamily apartment building for sale at 5720 South Michigan Avenue in Chicago; Year built: 1906