Chicago, IL 60615,5221 S Michigan Avenue
Chicago, IL 60615,5221 S Michigan Avenue
Chicago, IL 60615,5221 S Michigan Avenue
3
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$400,000
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12 BD
Active Under Contract

5221 S Michigan Avenue Chicago, IL 60615

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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

Parking Features Detached

Garage Spaces 2.0

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


Listed by Paulette Hollingsworth • Baird & Warner

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Joanna Stawarz

Real Estate Broker | License ID: 475184483

+1(773) 510-6834

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5221 S Michigan Avenue