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5169 S Michigan Ave
Multi-Family
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$699,500

5169 S Michigan Ave, Chicago

41% below median
9 bd·3 ba·0 sqft
Built 18984,792 sqft lotWashington Park

5169 S Michigan Ave, Chicago, IL

9 bd · 3 ba · 0 sqft Multi-Family listed at $699,500, built in 1898 in the Washington Park neighborhood.

About this home

Seller now offering up to $20,000 in seller's credits towards the buyer's closing costs. Yes, $20K! FOR A LEGAL 3 UNIT! Get up to $20k to potentially net profit over a $1,400 per month After paying PITI and PMI! The annual gross rental income is $77,712. This is the best deal in town. The lot adjacent to this listing will now be two new 3 unit buildings for over $1 million each. There are two other new developments that have recently been built or in the process of being built as well near the property. Get in now before prices sky rocket as the neighborhood is experiencing a rapid revitalization. Zoning Certificate in Agent document folder. Seller needs to sale to close on another property. 5169 S Michigan Ave is a well-maintained 3-unit rehabbed building in vibrant Washington Park. Each of the three spacious units have been updated with modern kitchens featuring quartz countertops and stainless steel appliances, plus larger back decks perfect for everyday use or entertaining. Individualized Central AC and heat was added in 2024, bringing extra comfort for tenants. Roof was replaced by the prior owner in 2022. Permitted Tuckpointing on Front of building in 2023. This unit is close to actual park of Washington Park, University of Chicago/ Hospital, upcoming data Center, Schools, Shopping, and walking distance from the XS Tennis facility. You will be close to public transportation; CTA bus, CTA Green Line stop on 51st, Metra lines, 90/94expressway, and Lake Shore Drive. Only 9 minutes to Hyde Park and a 15 minute drive to downtown Chicago. With public transit steps away, parks nearby, and downtown just a short ride, this property combines convenience, strong rental appeal, and long-term value.

Property details

Price
$699,500
Bedrooms
9
Bathrooms
3
Year built
1898
Lot size
4,792 sqft
Type
Multi-Family
Days on market
102
Est. property tax
$14,550/yr · $1,213/mo · 2.08% IL avg
Last sold
$625,000 · Feb 2024

Estimated monthly payment

Down payment20% ($139,900)
Interest rate6.75%
Principal & Interest$3,630
Property Tax$641
Insurance$150
Total$4,421/mo

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Price history

$792K$361K$-71K$1K on Nov 10 (Price change)$1K on Dec 10 (Price change)$1K on Dec 10 (Price change)$1K on Dec 10 (Price change)$1K on Feb 11 (Price change)$1K on Oct 11 (Price change)$1K on Apr 13 (Price change)$1K on May 13 (Price change)$1K on Jun 13 (Price change)$1K on Jun 13 (Price change)$1K on Aug 13 (Price change)$1K on Oct 13 (Price change)$1K on Jan 14 (Price change)$615K on Nov 23 (Initial list)$625K on Jan 24 (Sold)$720K on Sep 25 (Initial list)$720K on Sep 25 (Initial list)$720K on Sep 25 (Initial list)$700K on Oct 25 (Price change)$700K on Oct 25 (Price change)$2K on Dec 25 (Price change)$700K on Jan 26 (Initial list)
$1K · Nov 10$700K · Jan 26
  1. Jan 14, 2026$699,500Initial list price
  2. Dec 10, 2025$2,075Price change
  3. Oct 24, 2025$699,500Price change
  4. Oct 6, 2025$700,000Price change
  5. Sep 22, 2025$720,000Initial list price
  6. Sep 15, 2025$720,000Initial list price
  7. Sep 11, 2025$720,000Initial list price
  8. Jan 31, 2024$625,000Sold
  9. Nov 3, 2023$615,000Initial list price
  10. Jan 1, 2014$1,100Price change
  11. Oct 4, 2013$1,100Price change
  12. Aug 26, 2013$1,150Price change
  13. Jun 27, 2013$1,200Price change
  14. Jun 18, 2013$1,250Price change
  15. May 21, 2013$1,300Price change
  16. Apr 20, 2013$1,200Price change
  17. Oct 2, 2011$1,250Price change
  18. Feb 21, 2011$1,250Price change
  19. Dec 28, 2010$1,300Price change
  20. Dec 17, 2010$1,300Price change
  21. Dec 7, 2010$1,300Price change
  22. Nov 22, 2010$1,200Price change

Location

This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.

About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.

Location

Map of 5169 S Michigan Ave, Chicago
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Home Intelligence

Neighborhood (zip 60615)

This neighborhood is primarily renter-occupied (31% owner-occupied). Median age is 34.7; 25% hold a bachelor's degree; median household income is $56,518.

Median income
$56,518
Median age
34.7
Owner-occupied
31.4%
Bachelor's degree
25.3%
Census median home value
$306,400

Source: US Census Bureau American Community Survey 5-year estimates.

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