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5001 S Michigan Ave 45,856 SF Health Care Building Offered at $3,550,000 in Chicago, IL 60615

Assisted Living Facilities Illinois Chicago 5001 S Michigan Ave, Chicago, IL 60615

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INVESTMENT HIGHLIGHTS

  • Re-Purpose for Senior Living (Original Use), Multifamily Redevelopment (48 - 56 Units), or Medical Office
  • Strong Location
  • Strong in-place Mechanicals

EXECUTIVE SUMMARY

SVN is pleased to present 5001 S Michigan Avenue, located in the desirable Bronzeville market of Chicago's South Side. The building was built in 1976 with the original use of a senior living facility. The property is now vacant and ready for repurpose, such as Senior Living, Medical Office, or multifamily redevelopment. The property has been well maintained and strong condition. Major Capital improvements consist of newer tuckpointing, newer roof, newer elevator, newer windows, and high-quality interior finishes. Heat is provided by multiple Boiler Systems, forced air, and electric baseboards. The building has three electrical rooms (1) basement (2) 4th floor, fire protection system, sprinkler system, and newer water tanks. The building also includes a gated parking lot with roughly 40+ parking spaces.

ATTACHMENTS

Sale OM

PROPERTY FACTS

Price $3,550,000 Lot Size 0.74 AC
Sale Type Investment or Owner User Building Size 45,856 SF
Sale Condition Redevelopment Project No. Stories 4
Property Type Health Care Year Built 1976
Property Subtype Assisted Living Parcel Numbers
Multiple
  • 20-10-120-006-0000
  • 20-10-120-001-0000
  • 20-10-120-002-0000
  • 20-10-120-005-0000
  • 20-10-120-008-0000
  • 20-10-120-003-0000
  • 20-10-120-004-0000
  • 20-10-120-007-0000
Building Class C
Zoning RM-5 - It allows for medium to high-density apartment buildings, as well as two-flats, townhouses, and single-family homes.
Price $3,550,000
Sale Type Investment or Owner User
Sale Condition Redevelopment Project
Property Type Health Care
Property Subtype Assisted Living
Building Class C
Lot Size 0.74 AC
Building Size 45,856 SF
No. Stories 4
Year Built 1976
Zoning RM-5 - It allows for medium to high-density apartment buildings, as well as two-flats, townhouses, and single-family homes.
Parcel Numbers
Multiple
  • 20-10-120-006-0000
  • 20-10-120-001-0000
  • 20-10-120-002-0000
  • 20-10-120-005-0000
  • 20-10-120-008-0000
  • 20-10-120-003-0000
  • 20-10-120-004-0000
  • 20-10-120-007-0000

LINKS

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Walk Score®
Very Walkable (81)
Transit Score®
Excellent Transit (76)
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measures access to public transit. Bike Score®
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Learn How It Works Detailed Scores
(630) 550-1515

Still interested?

Contact the broker for more information about this property

CONTACT

  • Listing ID: 38608209

  • Date on Market: 12/1/2025

  • Last Updated:

  • Address: 5001 S Michigan Ave, Chicago, IL 60615

More public record information on 5001 S Michigan Ave, Chicago, IL 60615

The Bronzeville Health Care Property at 5001 S Michigan Ave, Chicago, IL 60615 is currently available. Contact SVN | Chicago Commercial for more information.

HEALTH CARE PROPERTIES IN NEARBY NEIGHBORHOODS

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5001 S Michigan Ave
(630) 550-1515 x

5001 S Michigan Ave

Joe Connelly
(630) 550-1515

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