$ 400,000
5221 S Michigan Avenue Chicago, IL 60615
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 400,000
Est. payment /mo
Active Under Contract
5221 S Michigan Avenue Chicago, IL 60615
12 Beds
UPDATED:
11/06/2024 05:28 PM
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12189649
Bedrooms 12
Year Built 1903
Annual Tax Amount $7,221
Tax Year 2022
Lot Dimensions 35X165
Property Description
5221 S Michigan Ave is a 6,030 sq. ft. multi-family home sitting on a 5,370 sq. ft. lot, offering tremendous potential for investors or developers. Built in 1905, this all-brick property features 12 bedrooms and 6 bathrooms across multiple units. While the building requires a full gut renovation, the existing layouts provide great versatility, including the potential to duplex the first floor down into the walkout basement. Located in a neighborhood with growing development, this property is ideal for anyone looking to restore a historic structure with the possibility of creating modern, high-demand rental units or condos. Bring your vision and transform this property into a lucrative investment!
Location
State IL
County Cook
Rooms
Basement Walkout
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Detached
Garage Spaces 2.0
Waterfront false
View Y/N true
Building
Water Public
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Paulette Hollingsworth • Baird & Warner