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BEAUTY OUTSIDE, UPDATED INSIDE 5617 S Michigan Ave 6 Unit Apartment Building $895,000 ($149,167/Unit) 9.33% Cap Rate Chicago, IL 60637

Apartment Buildings Illinois Chicago 5617 S Michigan Ave, Chicago, IL 60637

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PROPERTY FACTS

Price $895,000 Apartment Style Low-Rise
Price Per Unit $149,167 Building Class C
Sale Type Investment Lot Size 0.19 AC
Cap Rate 9.33% Building Size 7,000 SF
Gross Rent Multiplier 7.06 Average Occupancy 100%
No. Units 6 No. Stories 3
Property Type Multifamily Year Built 1895
Property Subtype
Apartment
  • Multifamily Apartments
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning RM-5
Price $895,000
Price Per Unit $149,167
Sale Type Investment
Cap Rate 9.33%
Gross Rent Multiplier 7.06
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Low-Rise
Building Class C
Lot Size 0.19 AC
Building Size 7,000 SF
Average Occupancy 100%
No. Stories 3
Year Built 1895
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning RM-5

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Range
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Trash Pickup - Curbside
  • Walk-Up
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+1 5 - -
2+1 1 - -

LINKS

1 1
Walk Score®
Very Walkable (78)
Transit Score®
Excellent Transit (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 20-15-109-004-0000 Improvements Assessment $38,650
Land Assessment $28,350 Total Assessment $67,000

PROPERTY TAXES

Parcel Number
20-15-109-004-0000
Land Assessment
$28,350
Improvements Assessment
$38,650
Total Assessment
$67,000
(847) 863-2707

Still interested?

Contact the broker for more information about this property

CONTACT

  • Listing ID: 38244172

  • Date on Market: 10/28/2025

  • Last Updated:

  • Address: 5617 S Michigan Ave, Chicago, IL 60637

More public record information on 5617 S Michigan Ave, Chicago, IL 60637

The Washington Park Multifamily Property at 5617 S Michigan Ave, Chicago, IL 60637 is currently available. Contact Chicago Real Estate Resources for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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BEAUTY OUTSIDE, UPDATED INSIDE | 5617 S Michigan Ave
(847) 863-2707 x

BEAUTY OUTSIDE, UPDATED INSIDE | 5617 S Michigan Ave

Steven Rapoport
(847) 863-2707

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