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$850,000
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Property Description
This six-unit building at 5617-5619 S Michigan Avenue offers investors both strong in-place income and pride of ownership. The property features a pristine stone facade and modern interiors with updated plumbing, electrical systems, and porches. It is a short walk to the CTA Green Line at Garfield, Washington Park, and only a quick drive to I-90, providing easy access to downtown Chicago and surrounding neighborhoods. Located in the Washinton park neighborhood a rapidly developing corridor just west of Hyde Park, University of Chicago and the Museum of Science and Industry, the property is positioned within an area that offers the opportunity for investors seeking both strong current returns and excellent appreciation potential.
Full Property Details
Full Property Details for 5617 S Michigan Ave
General
- Sold For: $850,000
- Taxes: $8,467 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12510302
- Added to Site: 75 day(s) ago
Location
- Area: CHI - Washington Park
- County: Cook
- Driving Directions: Michigan Ave South of 56th, North of 57th
Heating & Cooling
- Heating Type: Forced Air
Structural Information
- Stories/Levels: 3
- Year Built: 1895
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 8,102
- Lot Dimensions: 8102
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $41,073
- Assessment Year: 1895
- Tax Amount: $8,467
- Tax Year: 2023
Disclosures and Reports
- Property ID: 20151090040000
Listed by Chicago Real Estate Resources
Sold by HomeSmart Realty Group
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Schools
Schools serving 5617 S Michigan Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Carter Elementary School, Chicago, IL 5740 South Michigan Avenue, Chicago, IL 60637 | PK-8 | 0.2 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5617 S Michigan Ave
Date
Details
Price
Change
Source
1/16/2026
Sold
$850,000
-5.03%
MLS
11/03/2025
Listed
$895,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5617 S Michigan Avenue, Chicago, IL 60637 (MLS# 12510302) is a Commercial property that was sold at $850,000 on January 16, 2026. Want to learn more about 5617 S Michigan 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.

