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$749,900 Just Listed
Property Description
Beautiful 4-unit building in Prime Washington Park that is perfect for an investor, owner occupant or Airbnb! This building is comprised of one 4 bedroom 2 bathroom penthouse unit, two 4 bedroom 1 bathroom units and a 5 bedroom 2 bathroom garden unit! Updates includes a remodeled 4 bedroom 2 bathroom penthouse unit, a newer tear off roof (within the last 7 years), newer hot water tanks (within the last 5 years), newer furnaces in each unit (except for the 1st floor), newer rear porch and some recent tuck pointing. Each unit has its own in-unit washer and dryer! All units are between 1,200-1,400 square feet. The penthouse unit features a new kitchen with new granite countertops, white cabinets and stainless steel appliances, new baths, new hardwood floors and a primary bedroom suite with large walk-in closet and en suite bathroom! Tenants pay ALL utilities. Rents are below market and can be increased to maximize the building's true income potential. Conveniently located close to the University of Chicago, Washington Park, public transportation, schools, parks and more! Don't miss out! Check out the 3D tour!
Full Property Details
Full Property Details for 5714 S Prairie Ave
General
- Price: $749,900
- Taxes: $14,762 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12697364
- Updated: 7/10/2026
- Added to Site: 4 day(s) ago
Interior
- Basement: Finished, N
Rooms
Bathrooms
- Total Bathrooms: 6
- Upper - Full Baths: 6
Bedrooms
- Total Bedrooms: 17
Exterior
- Exterior Features: Balcony
Parking
- Total Spaces: 2
- Parking Features: Off-Alley, Yes, Owned
Location
- Area: CHI - Washington Park
- County: Cook
- Township: Hyde Park
- Driving Directions: 59th Street E/W to Prairie Avenue North to Address
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Finished, None, Full
- Windows: Screens
- Year Built: 2006
Unit Information
- Units in Building: 4
Lot Features
- Lot Size Range: Oversized Chicago Lot
- Lot Dimensions: 3896
- Fence: Yes
- Zoning: MULTI
- Fencing (Description): Fenced
Financial Considerations
- Insurance Fee: $6,435
- Parking Included: Yes
- Assessment Year: 2006
- Tax Amount: $14,762.92
- Tax Year: 2024
- Pays Electric: 420
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20151160261001
Listed by @properties Christie's International Real Estate
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Schools
Schools serving 5714 S Prairie 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 | 2.4 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 5714 S Prairie Ave
Date
Details
Price
Change
Source
7/07/2026
Listed
$749,900
971.29%
MLS
2/02/2006
Sold
$70,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5714 S Prairie Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,329
—
$18,303
66%
2023
$2,328
3%
$11,000
—
2022
$2,270
2%
$11,000
—
2021
$2,219
-17%
$11,000
-9%
2020
$2,684
1%
$12,049
-9%
2019
$2,669
2%
$13,284
—
2018
$2,624
-1%
$13,284
8%
2017
$2,660
7%
$12,355
—
2016
$2,475
9%
$12,355
—
2015
$2,264
26%
$12,355
28%
2014
$1,790
2%
$9,648
—
2013
$1,755
1%
$9,648
—
2012
$1,731
—
$9,648
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5714 S Prairie Ave
5714 S Prairie Avenue, Chicago, IL 60637 (MLS# 12697364) is a Multi-Family property with 4 units containing 17 bedrooms and 0 full bathrooms. 5714 S Prairie Avenue is currently listed for $749,900 and was received on July 07, 2026. Want to learn more about 5714 S Prairie Avenue? Do you have questions about finding other Multi-Family 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.
