5729 South Michigan, Chicago IL 60637
$430,000

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Property Description

Maintained large exterior brick 3 flat in Washington Park Area, on a uniform block with original interior with lots of potential waiting for the right investor looking for value and appreciation. Each unit has large living rooms, dining rooms, large bedrooms with original hardwood floors throughout. 2nd and 3rd floors have seen minor renovations while leaving much of the original architectural features, dark wood crown molding in their pristine state. The basement is unfinished with high ceiling and can be built into another unit with new plan. Rents are way below markets and can be increased with updates to the kitchen, bathrooms and some good painting. Located a few blocks from Garfield Blvd and green line, University of Chicago Arts Incubator, Washington Park field, etc. Many new construction multi units in the area have sold at higher price points. Motivated seller!

Features & Information

Key Details

  • List Price $430,000
  • Property Taxes $5,445.67
  • Price/ Sq. Ft. Unavailable
  • Year Built 1905
  • Parking Type Space/s
  • Status New

Rooms

  • Total Rooms 15
  • Basement F

Exterior Features

  • Parking

  • Parking Details Space/s
  • # of Cars:  3

Building Information

  • Number of Units 3
  • Age of Building 100+ Years
  • Exterior Construction Brick
  • Foundation Concrete
  • Heating & Cooling Gas, Forced Air, 2+ Sep Heating Systems
  • Units

  • Unit 1 Stove, Refrigerator, Hardwood Floors
  • Unit 2 Stove, Refrigerator, Hardwood Floors
  • Unit 3 Stove, Refrigerator, Hardwood Floors

Location

  • County Cook
  • Township Hyde Park
  • Corporate Limits Chicago
  • Directions to Property 55th St To Michigan Ave S To Property
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 5445.67
  • Tax Year 2023
  • Tax Exemptions None
  • Parcel Identification Number 20151150080000

Utilities

  • Sewer Sewer-Publ

Listed by Carleen Lewis for eXp Realty, LLC | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 4/19/2025 5:02 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore Washington Park

For now Chicago's Washington Park neighborhood may be a predominantly residential south side community with a sprawling public park and rich culture of African-American heritage, however, as the potential site of the Olympic Stadium for the 2016 Summer Games, this modest neighborhood could really make its mark in the near future. Remnants of the last century's architectural movement are found throughout the area, with a wave of new designs and gut rehabs dusting the streets as well. As Olympic talk heightens, developers and city officials are anticipating the impact such a huge event would have on Washington Park. Temporary athlete lodgings and the massive 80,000-seat arena would only be around for a short period, but the hope is that a surge of new businesses would ride in on the coattails of this once-in-a-lifetime opportunity to bolster the Washington Park neighborhood for decades to come. The current commercial base is slight, with a few soul food mainstays and Chinese takeout, but the annual cultural festivals and fun Park District programs keep things on the up as Washington Park awaits an impending transformation of Olympic proportions.

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