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Brick Three-Flat Investment Property
For Sale
$430,000

5729 S MICHIGAN Avenue, Chicago, IL 60637

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market542

Property Features for 5729 S MICHIGAN Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 8
Bathrooms 4
Full bathrooms 3
Half bathrooms 1
Rooms Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 7, Bathroom 3, Bedroom 4, Bedroom 8, Bedroom 1, Bedroom 2, Bathroom 2, Basement, Bathroom 4, Bedroom 5
Parking 3
Parking features Assigned, Owned
Fencing Fenced
Basement Full, Unfinished
Elementary school district 299
Middle school district 299
High school district 299
Directions 55TH ST TO MICHIGAN AVE S TO PROPERTY
Subdivision CHI - Washington Park
Standard status Active
APN 20151150080000

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 5446

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air

Building Details

Year built 1905
Building materials Brick
Roof type Flat
Architectural style Other
Listing Agency: eXp Realty
Listed By: Carleen Lewis · License #471009636
Added: Apr 13, 2025 Changed: Oct 6 Last Checked: Oct 6 at 6:06AM
MLS# 12337193

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 1905 brick three-flat includes three residential units with large living rooms, dining rooms, and spacious bedrooms. Original hardwood flooring and architectural details remain throughout, including dark wood crown molding on the upper floors. The second and third floors have received minor renovations, while the unfinished basement offers high ceilings and additional space for future planning.

The property is located on S MICHIGAN Avenue in Chicago’s Washington Park Area, a few blocks from Garfield Blvd and the Green Line. Nearby points of interest include the University of Chicago Arts Incubator and Washington Park field. The property also includes owned, assigned parking, fencing, a flat roof, natural gas forced-air heating, and public sewer service.

Key Highlights

  • 1905 brick three‑flat in Chicago’s Washington Park Area
  • Three units with 8 bedrooms and 4 bathrooms
  • Original hardwood floors and dark wood crown molding

Property Analytics

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Current Use

Triplexes

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.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

803
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 residential units feature hardwood floors, generous living areas, and an unfinished basement with high ceilings.
Where is this triplex located?
The property is located at 5729 S MICHIGAN Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: 1905 brick three‑flat in Chicago’s Washington Park Area; Three units with 8 bedrooms and 4 bathrooms; Original hardwood floors and dark wood crown molding
More about this property
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