NOT LISTED FOR SALE

5127 S Michigan Ave Chicago, IL 60615

Washington Park Neighborhood
9 Beds
6 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold March 18, 2021

Last sale price $750,000

86 Days on Market

About This Home

As of March 2021

This is an amazingly renovated 6 unit grey-stone building, with brand new plumbing, brand with electrical with 400 amp service, new roof, new custom made kitchen cabinets with SS appliances and granite counter, all brand new hardwood floors throughout. Units exhibit modern design. Each unit has autonomous heating and cooling system. First floor units have 11' ceiling, 2nd - 10' ceiling and 3rd floor unit has 9.5' ceiling. All new doors, new mill-work and mostly new windows. Partially finished basement with brand new coin operated W/D and individual storage units. Over-sized lot with the designated BBQ area. 4-car masonry garage in the back. Indeed a wonderful opportunity for savvy investors to purchase an income-generating property with low maintenance. This is the tenant favorite building in the area! All 6 units are rented!

Last Agent to Sell the Property

Marika Kakhiani

Pedestal Realty LLC License #471020101 Listed on: 11/08/2020

Last Buyer's Agent

Urvashi Verma

@properties Christie's International Real Estate

@properties Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • 1885

Lot Details

  • 7,405

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Stone Siding

Utilities

  • Central Air

Additional Features

  • Partially Finished Basement

Community Details

  • Fuel Expense $600
  • Insurance Expense $2,700

Listing and Financial Details

  • Tenant pays for electric, heat, hot water

Property Details

Home Type

Multi-Family

Year Built

1885

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Corporation
  • Potential Use: Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Oper Income: 71521
  • Repairs Decor Expense: 1000
  • Roof Coverings: Rubber
  • Roof Structure: Flat
  • Scavenger Expense: 800
  • Total Annual Exp: 14879
  • Total Annual Income: 86400
  • Total Monthly Income: 7200
  • Leased Washer Dryer: Yes
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Stories: 3
  • Estimated Year Built: 1885
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1885

Interior Features

  • Basement: Partially Finished

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick, Stone
  • Acreage: 0.17
  • Construction: Brick, Stone
  • Frontage Access: City Street

Garage/Parking

  • Indoor Parking: 1-5 Spaces, Detached
  • Number Of Parking Spaces: 4

Utilities

  • Air Conditioner: Central Air
  • Fire Protection: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
  • Heatventilation: Forced Air, Gas
  • Water Expense: 2000

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 400
  • Electrical Service: Circuit Breakers
  • Janitor Expense: 1000

Lot Info

  • Lot Dimensions: 50X156
  • Lot Sq Ft: 7832
  • Parcel Identification Number: 20103020040000

Rental Info

  • Gross Rental Income: 86400
  • Tenant Pays: Electric, Heat, Hot Water

Multi Family

  • Fuel Expense: 600
  • Insurance Expense: 2700
  • Other Expenses: 300
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 6182.88

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2021 03/18/21 Sold $750,000 -6.1% --
02/02/2021 02/02/21 Pending -- -- --
12/19/2020 12/19/20 Price Changed $799,000 -0.1% --
12/09/2020 12/09/20 For Sale $799,900 0.0% --
11/15/2020 11/15/20 Pending -- -- --
11/08/2020 11/08/20 For Sale $799,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Marika Kakhiani

    Pedestal Realty LLC

    (773) 706-0578

    1 in this area

    73 Total Sales

    Section Image
  • Urvashi Verma

    Buyer's Agent in 2021

    Urvashi Verma

    @ Properties

    (312) 671-9207

    1 in this area

    30 Total Sales

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10928166

Midwest Real Estate Data (MRED)

APN: 20103020040000

Illinois Cook County Chicago 60615 Washington Park

5127 S Michigan Ave, Chicago, IL

This home is located at 5127 S Michigan Ave, Chicago, IL 60615 since 08 November 2020. This property was built in 1885. 5127 S Michigan Ave is a home located in Cook County with nearby schools including Burke Elementary School, Wendell Phillips Academy High School, and Ace Amandla Charter High School.

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