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$540,000
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Property Description
An incredible opportunity for investors seeking a true value-add play in the heart of "Hot" Washington Park. This jumbo 6-flat features an expansive basement and oversized units-some approaching 1,800 sq ft with multiple bathrooms-but requires a full renovation. A new City of Chicago rear porch was installed approximately 15 months ago, providing a strong starting point for redevelopment. The property is conveniently located within walking distance to bus and rail transportation and just minutes from the University of Chicago campus. Sold AS IS / WHERE IS, with the buyer responsible for all City of Chicago violations. Renovated buildings in the area are achieving seven-figure sales. Cash or purchase-rehab financing only. Proof of funds or lender preapproval required for interior access. Opportunities like this are rare-don't miss it.
Full Property Details
Full Property Details for 5200 S Prairie Ave
General
- Sold For: $540,000
- Taxes: $88 (2024)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12534555
- Added to Site: 104 day(s) ago
Location
- Area: CHI - Washington Park
- County: Cook
- Driving Directions: Take I-90/94 to 51st Street, head east to Prairie Avenue, then go south to reach 5200 S Prairie Ave
Heating & Cooling
- Cooling Type: None
- Heating Type: Central Building Heat
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Stories/Levels: 3
- Year Built: 1903
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 60 x 150
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1903
- Tax Amount: $88.93
- Tax Year: 2024
Disclosures and Reports
- Property ID: 20103040370000
Listed by Keller Williams Preferred Rlty
Sold by Kale Realty
Get Pre-Approved Today
Schools
Schools serving 5200 S Prairie Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Burke Elementary School 5356 South King Drive, Chicago, IL 60615 | PK-8 | 0.3 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5200 S Prairie Ave
Date
Details
Price
Change
Source
3/31/2026
Sold
$540,000
80.06%
MLS
12/18/2025
Listed
$299,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5200 S Prairie Avenue, Chicago, IL 60615 (MLS# 12534555) is a Commercial property that was sold at $540,000 on March 31, 2026. Want to learn more about 5200 S Prairie Avenue? Do you have questions about finding other Commercial real estate for sale in Washington Park? You can browse all Washington Park real estate or contact a Coldwell Banker agent to request more information.

