Stabilized 8-Unit Apartment
5849 S Michigan Avenue Chicago, IL 60637
For Sale
Contact for pricing
Well-maintained eight-unit building with six 3-bedroom units and two garden-level units, plus recent repairs and updates.
Days on Market40
Property Features for 5849 S Michigan Avenue
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1908
Listing Agency:
Realty of America, LLC
Listed By:
Miriam Silva · License #471016346
Source:
Crexi
Added: Jun 15
Changed: Jul 21
Last Checked: Jul 23 at 1:46PM
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 Realty of America, LLC
Investment Insights
Based on property information with market context.
This stabilized eight-unit multifamily property offers a unit mix of six spacious 3-bedroom units and two garden-level units. The building has benefited from numerous recent repairs and improvements, including plumbing repairs, unit updates, concrete and patio work, door replacements, and ongoing maintenance.
The property is described as ideally located near Washington Park, public transportation, major expressways, the Green Line, and the newly opened Obama Presidential Center, positioned within Chicago’s evolving growth corridor.
For buyers seeking a well-kept residential income asset, the combination of larger unit layouts and continued maintenance supports the building’s day-to-day operational stability and long-term tenant retention, as presented in the property remarks.
The property is described as ideally located near Washington Park, public transportation, major expressways, the Green Line, and the newly opened Obama Presidential Center, positioned within Chicago’s evolving growth corridor.
For buyers seeking a well-kept residential income asset, the combination of larger unit layouts and continued maintenance supports the building’s day-to-day operational stability and long-term tenant retention, as presented in the property remarks.
Key Highlights
- Built in 1908, an 8‑unit multifamily building in Chicago’s Washington Park neighborhood
- Unit mix includes six 3‑bedroom units plus two garden‑level units
- Recent repairs and improvements include plumbing repairs, unit updates, concrete and patio work, and door replacements
Property Analytics
Location Intelligence
Current Use by Public Records
Kings Tower chicago
Bed & Breakfast
S T Investments
Financial Advisor
FAQs
What type of property is this?
Apartment building - Well-maintained eight-unit building with six 3-bedroom units and two garden-level units, plus recent repairs and updates.
Where is this apartment building located?
The property is located at 5849 S Michigan Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Built in 1908, an 8‑unit multifamily building in Chicago’s Washington Park neighborhood; Unit mix includes six 3‑bedroom units plus two garden‑level units; Recent repairs and improvements include plumbing repairs, unit updates, concrete and patio work, and door replacements
