5714 S Prairie Ave Chicago, IL 60637
Washington Park NeighborhoodEstimated payment $5,556/month
Highlights
- Gated Community
- Forced Air Heating System
- Paved or Partially Paved Lot
- Balcony
- Fenced
- 2-minute walk to Lorraine Hansberry Park
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 as the top floor (unit 3) 5-bed/2-bath unit is currently being gut-rehabbed and will be vacant upon closing. The property is composed of two 4-Bed/1-Bath & two 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 separate utilities. The residences are larger than most of the new construction in the area, ranging in size between 1,200 and 1,300 SF and feature separate dining & living areas. The rents in the three occupied units are significantly below market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,420
Year Built
- Built in 2006
Lot Details
- Fenced
- Paved or Partially Paved Lot
- Additional Parcels
Home Design
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 18 Bedrooms
- 18 Potential Bedrooms
- 6 Bathrooms
Parking
- 2 Parking Spaces
- Parking Available
- Off Alley Parking
- Parking Included in Price
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Window Screens
- Balcony
Community Details
Building Details
- Electric Expense $500
- Insurance Expense $2,400
- Maintenance Expense $2,400
- Water Sewer Expense $3,200
- Gross Income $108,600
- Net Operating Income $88,990
Additional Features
- 4 Units
- Gated Community
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/12/2025 11/12/25 | Price Changed | $899,000 | -0.1% | -- |
| 11/04/2025 11/04/25 | Price Changed | $899,500 | -0.1% | -- |
| 10/17/2025 10/17/25 | For Sale | $900,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $40,500 | Premier Title | |
| Special Warranty Deed | $40,500 | Premier Title | |
| Legal Action Court Order | -- | -- | |
| Deed | $155,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $124,000 | No Value Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12498413
APN: 20-15-116-026-1001
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