Residential Income for Sale: 5221 S Michigan, Chicago, IL 60615

12 beds
$400,000
$400,000
5221 S Michigan, Chicago, IL 60615
12 beds
$400,000
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Price:
$400,000

Type Residential Income
Beds 12
Year Built 1903

City Chicago
County Cook
School District 299

MLS 12189649
Status Active Under Contract
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!

Room Features

Basement Description Finished

Lot & Building Features

Heating Natural Gas
Parking Description Garage
Tax Year 2022
Water Public
Lot Dimensions 35X165 ft

Community and Schools

Elementary School 299

Price History of 5221 Michigan, Chicago, IL

Date Name Price Difference
12/31/1969 Listing Price $400,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By


Photo of Karen Biros Cano
Direct: 773-934-1380
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Baird & Warner, Paulette Hollingsworth
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1%
6.75%
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Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
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5221 Michigan (MLS #12189649) is a residential income listing located in Chicago, IL. This property was listed on 10/28/2024 and has been priced for sale at $400,000.

Nearby zip codes are 60609, 60619, 60621, 60637 and 60653.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Baird & Warner