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5221 S Michigan Avenue

Chicago, IL 60615
  • $400,000
  • STATUS: Active
  • ON SITE: 4 Days
  • MLS #: 12189649
New On Site 4 Days Ago
UPDATED: 70 min ago
$400,000
  • 12
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1903
County:
Area:

School Ratings & Info

School District:
299

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!

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© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Levicki Group | EXIT Realty 365. Based on information submitted to the MRED as of 2024-11-02T22:00:17.403 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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5221 S Michigan Avenue Chicago, IL 60615

  • Price: $400,000
  • Status: Active
  • On Site: 4 Days
  • Updated: 70 min ago
  • MLS #: 12189649
12
Beds
0
Baths
0
½ Baths
N/A
Acres
1903
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
School District:
299
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!
Exterior Features

Exterior Building Type Brick Garage Onsite Yes Garage Type Detached Lot Size .50-.99 Acre Multi Family Type 3 Flat Parking Details Garage Parking Total 2 Waterfront YN No

Interior Features

Basement Finished Basement Bathrooms YN No Basement Details Walkout Bedrooms Below Grade 0 Bedrooms Total 12 Full Baths In Building 6 Half Baths In Building 0 Heating Natural Gas Rooms Total 9

Property Features

Age 100+ Years Built Before1978 YN Yes Corporate Limits Chicago General Information Commuter Bus Mls Actual Status New New Construction YN No Ownership Fee Simple Rebuilt YN No Special Listing Conditions List Broker Must Accompany Tax Annual Amount 7221 Tax Year 2022 Total Numberof Unitsin Building 3 Township Hyde Park Type Two to Four Units Water Source Public

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Baird & Warner: 312-640-7010.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Levicki Group | EXIT Realty 365. Based on information submitted to the MRED as of 2024-11-02T22:00:17.403 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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