5849 S Michigan Avenue
Chicago, IL, 60637
$724,900
4 Beds
3 Baths
0 SqFt
0 Acres
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$724,900
5849 S Michigan Avenue
Chicago, IL, 60637
MLS #MRD12778335 image #0MLS #MRD12778335 image #1MLS #MRD12778335 image #2MLS #MRD12778335 image #3MLS #MRD12778335 image #4MLS #MRD12778335 image #5MLS #MRD12778335 image #6MLS #MRD12778335 image #7MLS #MRD12778335 image #8MLS #MRD12778335 image #9MLS #MRD12778335 image #10MLS #MRD12778335 image #11MLS #MRD12778335 image #12MLS #MRD12778335 image #13MLS #MRD12778335 image #14MLS #MRD12778335 image #15MLS #MRD12778335 image #16MLS #MRD12778335 image #17MLS #MRD12778335 image #18MLS #MRD12778335 image #19MLS #MRD12778335 image #20MLS #MRD12778335 image #21MLS #MRD12778335 image #22MLS #MRD12778335 image #23MLS #MRD12778335 image #24
Welcome to this lovely property located in Chicago’s Washington Park neighborhood consisting of an all-brick exterior with 8 units. This multifamily property located in One of Chicagos premier communities features SIX spacious 3-bedroom/1-bath units and two versatile garden apartments, with a fully occupied rent roll and strong rents in place. The residences feature hardwood flooring, decorative fireplaces, oversized windows, abundant natural light, and private rear decks. Additional property amenities include on-site laundry, basement storage, and six rear parking spaces. Owner-reported improvements include two water heaters replaced within the past two years, along with a modernized boiler system equipped with wireless thermostats. An excellent opportunity for investors seeking a multifamily asset with established rental income and additional value potential. Serious inquiries only. Financial qualification, including proof of liquid funds, is required prior to scheduling a showing.

Property Details

Price:
$724,900
MLS #:
MRD12778335
Status:
Active
Beds:
4
Baths:
3
Type:
Commercial
Neighborhood:
chiwashingtonpark
Listed Date:
Oct 6, 2026
Year Built:
1908
Chi – Washington ParkChiwashingtonpark

Schools

Interior

Cooling
None

Exterior

Construction Materials
Brick
Stories
3

Financial

Maintenance Fee
$2,365
Net Operating Income
$87,126
Tax Year
2024
Taxes
$13,305
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Debra Dobbs is one of Chicago’s top realtors with more than 42 years in the real estate business.

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Current real estate data for Commercial in Chicago as of Oct 11, 2026
890
Commercial Listed
184
Avg DOM
$1,025,463
Avg List Price

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Property Summary

    5849 S Michigan Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60637. It is listed for $724,900 To schedule a showing of MLS#mrd12778335 at 5849 S Michigan Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
5849 S Michigan Avenue
Chicago, IL