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5714 S Prairie Ave
Multi-Family
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$850,000

5714 S Prairie Ave, Chicago

28% below median
18 bd·6 ba·0 sqft
Built 2006Washington Park

5714 S Prairie Ave, Chicago, IL

18 bd · 6 ba · 0 sqft Multi-Family listed at $850,000, built in 2006 in the Washington Park neighborhood.

About this home

ATTENTION OWNER-OCCUPANTS! We are pleased to present for sale 5714 S Prairie Avenue, a four-unit multi-family investment property in the east Washington Park neighborhood of Chicago. This is an excellent opportunity for an OWNER-OCCUPANT OPPORTUNITY as the top floor (unit 3) 4-bed/2-bath unit was gut-rehabbed in 2026 and will be vacant upon closing. The property is composed of two 4-Bed/1-Bath & one 4-Bed/2-Bath, and 5-Bed/2-Bath apartments that were previously renovated for individual condominiums. All units have hardwood and tile throughout, modern appliances, gas-forced-heat, granite counter tops, individual hot water tanks, and individual utilities. The residences are larger than most of the new construction in the area, ranging in size between 1,200 and 1,400 SF and feature separate dining & living areas.

Property details

Price
$850,000
Bedrooms
18
Bathrooms
6
Year built
2006
Type
Multi-Family
Days on market
190
Est. property tax
$17,680/yr · $1,473/mo · 2.08% IL avg
Last sold
$40,500 · May 2003

Estimated monthly payment

Down payment20% ($170,000)
Interest rate6.75%
Principal & Interest$4,410
Property Tax$779
Insurance$150
Total$5,340/mo

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Price history

▼ 2.7%Most recent change on 2026-04-22: $874,000 → $850,000.

$990K$451K$-88K$41K on May 03 (Sold)$1K on Aug 21 (Price change)$900K on Oct 25 (Initial list)$900K on Nov 25 (Price change)$899K on Nov 25 (Price change)$875K on Feb 26 (Price change)$875K on Feb 26 (Price change)$874K on Apr 26 (Price change)$850K on Apr 26 (Price change)
$41K · May 03$850K · Apr 26
  1. Apr 22, 2026$850,000Price change
  2. Apr 17, 2026$874,000Price change
  3. Feb 27, 2026$874,500Price change
  4. Feb 18, 2026$875,000Price change
  5. Nov 12, 2025$899,000Price change
  6. Nov 4, 2025$899,500Price change
  7. Oct 17, 2025$900,000Initial list price
  8. Aug 18, 2021$1,400Price change
  9. May 13, 2003$40,500Sold

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 5714 S Prairie Ave, Chicago
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Home Intelligence

Neighborhood (zip 60637)

This neighborhood skews young (median age 31.2) and is primarily renter-occupied (26% owner-occupied). 14% hold a bachelor's degree; median household income is $37,247.

Median income
$37,247
Median age
31.2
Owner-occupied
25.7%
Bachelor's degree
14.4%
Census median home value
$240,600

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

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