Turnkey Apartment Building with
For Sale
Contact for pricing
5801 S Michigan Ave, Chicago, IL 60637
24-unit building with 23 units under rental assistance and a 27-space parking lot on-site.
Property SizeContact for details
Days on Market123
Property Features for 5801 S Michigan Ave
General Information
Standard status
Active
Total Parking Spaces
27
Property subtype
Multifamily, Special Purpose
Occupancy
96%
Additional Details
Business Included
Yes
Multifamily Units
24
Building Details
Tenancy
Multi
Listing Agency:
33 Realty LLC
Listed By:
Conor McMullen · License #IL 475.167587
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 20 at 10:33PM
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 33 Realty LLC
Investment Insights
Based on property information with market context.
This turnkey 24-unit apartment building includes furnished, finished basement space with extensive area, individual offices, and rest room facilities. The property benefits from Property Rental Assistance coverage on 23 of the 24 units.
The site is set up with a parking lot containing 27 spaces, plus a playground adjacent to the building. The property is located at 5801 S Michigan Ave, Chicago, IL 60637, and the included parking areas are part of the sale.
The site is set up with a parking lot containing 27 spaces, plus a playground adjacent to the building. The property is located at 5801 S Michigan Ave, Chicago, IL 60637, and the included parking areas are part of the sale.
Key Highlights
- 24‑unit building with 23 of 24 units under a Property Rental Assistance contract
- Site includes an on‑site parking lot with 27 spaces included in the sale
- Playground adjacent to the building is included with the property
Property Analytics
Property Profile
Current Use
Lease Details
24
Residential units
95.8%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
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
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Frequently Asked Questions
What type of property is this?
Apartment building - 24-unit building with 23 units under rental assistance and a 27-space parking lot on-site.
Where is this apartment building located?
The property is located at 5801 S Michigan Ave Chicago, IL.
What are key features of this property?
This property features: 24‑unit building with 23 of 24 units under a Property Rental Assistance contract; Site includes an on‑site parking lot with 27 spaces included in the sale; Playground adjacent to the building is included with the property
