Closed

$400,000

5221 Michigan Avenue, Chicago, IL 60615
12 Beds6 Baths12 days
5221 Michigan Avenue·Chicago, IL 60615
12Bedrooms
6Bathrooms
1903Year Built
About This Home

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!

MLS# 12189649Listed October 26, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms12
Total Bathrooms6
Total Rooms9

Size & Structure

Garage Spaces2
Year Built1903
Lot Size35X165

Location

CountyCook
TownshipHyde Park
Zip Code60615

Financial

List Price$400,000
Annual Taxes (2022)$7,221
Monthly Tax Est.$602
Parcel #20103030020000
Interior Features

Heating

Natural Gas

Basement

FinishedWalk-Out Access
Exterior & Lot

Construction

Brick
Utilities & Parking

Water Source

Public

Parking

On SiteDetachedGarage
Tax & Financial
Annual Taxes
$7,221
Tax Year 2022
Monthly Tax Est.
$602
per month
Property Location

5221 Michigan Avenue, Chicago, IL 60615 — Cook County

$400,000
5221 Michigan Avenue
12 bd6 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
12 days on market
2-car garage
35X165
$7,221/yr taxes
$2,704
estimated monthly payment
Principal & Interest
$2,102/mo
Property Tax
$602/mo
$400,000
20% — $80,000
3%50%
6.875%
3%12%
Loan Amount
$320,000
Down Payment
$80,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Baird & Warner
Agent: Paulette Hollingsworth
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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