5221 S Michigan Ave is a 6,030 sq. ft. multi-family home sitting on a 5,370 sq. ft. lot, offering tremendous potential for investors or developers. Built in 1905, this all-brick property features 12 bedrooms and 6 bathrooms across multiple units. While the building requires a full gut renovation, the existing layouts provide great versatility, including the potential to duplex the first floor down into the walkout basement. Located in a neighborhood with growing development, this property is ideal for anyone looking to restore a historic structure with the possibility of creating modern, high-demand rental units or condos. Bring your vision and transform this property into a lucrative investment!
Closed
$400,000
5221 S Michigan Ave, Chicago, IL 60615
12beds
--sqft
Multi Family
Built in 1903
-- sqft lot
$432,100 Zestimate®
$--/sqft
$2,677 Estimated rent
Home value
$432,100
$385,000 - $484,000
$2,677/mo
Zestimate® history
Owner options
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$2,677/mo
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$2,677/mo
Rent Zestimate®
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$2,852/mo
Est. payment
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$2,852/mo
Est. payment
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All-brick property
Zillow last checked:
Listing updated:
Listed by:
Paulette Hollingsworth 312-208-2040,
Baird & Warner
Bought with:
Detran Davis
@properties Christie's International Real Estate
Source: MRED as distributed by MLS GRID,MLS#: 12189649
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Natural Gas
Features
- Basement: Finished,Walk-Out Access
Property
Parking
- Total spaces: 2
- Parking features: On Site, Detached, Garage
- Garage spaces: 2
Lot
- Size: 5,775 Square Feet
- Dimensions: 35X165
Details
- Parcel number: 20103030020000
- Special conditions: List Broker Must Accompany
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1903
Utilities & green energy
- Water: Public
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Annual tax amount: $7,221
- Date on market: 10/28/2024
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 1/21/2025 | Sold | $400,000 |
Source:  MRED as distributed by MLS GRID #12189649 Report a problem | ||
| 1/2/2025 | Pending sale | $400,000 |
Source: MRED as distributed by MLS GRID #12189649 Report a problem | ||
| 11/6/2024 | Contingent | $400,000 |
Source: MRED as distributed by MLS GRID #12189649 Report a problem | ||
| 10/28/2024 | Listed for sale | $400,000 |
Source: MRED as distributed by MLS GRID #12189649 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Washington Park
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Nearby schools
GreatSchools rating
- 3/10Burke Elementary SchoolGrades: PK-8Distance: 0.3 mi
- 1/10Phillips Academy High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$432,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$432,100
- Illinois
- Cook County
- Chicago
- 60615
- Washington Park
- 5221 S Michigan Ave
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