Contact us: 563.441.1776
Description
Excellent opportunity to acquire a stabilized 8-unit multifamily property in the rapidly evolving Washington Park neighborhood. The building features a desirable unit mix of six spacious 3-bedroom units and two garden-level units, offering strong rental demand and long-term investment potential. Large unit layouts appeal to families and long-term tenants, helping support occupancy and tenant retention. Ideally located near Washington Park, public transportation, major expressways, the Green Line, and the newly opened Obama Presidential Center, the property is positioned to benefit from continued investment and redevelopment throughout the surrounding area. Whether you're expanding your portfolio or seeking a well-maintained multifamily asset in one of Chicago's emerging growth corridors, this building offers an attractive combination of stability, location, and future upside.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 9,450
County: Cook
Listed By:
Realty of America, LLC
708-788-1900
MRED MLS
MLS ID: 12689305
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5849 S Michigan Avenue, Chicago, IL 60637.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $899,000 | $899,000 | $899,000 |
| Down Payment | $179,800 | $31,465 | $224,750 |
| Monthly Mortgage Amount | $4,370 | $5,363 | $5,554 |
| Taxes | $1251 | $1251 | $1251 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $539 | $0 |
| Monthly Estimated Total | $5,883 | $7,415 | $7,067 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/06/2026. The listing information on this page last changed on 07/06/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 07/06/2026 1:06:01 AM EST) or MRED MLS (last updated Mon 07/06/2026 1:00:52 AM EST) or SCWMLS (last updated Sun 07/05/2026 11:54:31 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Sun 07/05/2026 10:16:09 PM EST) or Cedar Rapids MLS (last updated Sun 07/05/2026 10:44:12 PM EST) or NEIRBR MLS (last updated Mon 07/06/2026 12:58:41 AM EST) or ICAAR MLS (last updated Sun 07/05/2026 11:37:27 PM EST) or ECIMLS (last updated Sun 07/05/2026 11:44:19 PM EST) or RMLSA (last updated Mon 07/06/2026 1:00:57 AM EST) or Muscatine MLS (last updated Mon 07/06/2026 1:00:09 AM EST) or No Coast MLS (last updated Mon 07/06/2026 12:44:18 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. 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.
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