5714 S Prairie Ave Chicago, IL 60637
Washington Park NeighborhoodEstimated payment $5,830/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 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
Home Type
- Multi-Family
Est. Annual Taxes
- $14,763
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 $117,600
- Net Operating Income $92,637
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 |
|---|---|---|---|---|
| 03/12/2026 03/12/26 | Pending | -- | -- | -- |
| 02/27/2026 02/27/26 | Price Changed | $874,500 | -0.1% | -- |
| 02/18/2026 02/18/26 | Price Changed | $875,000 | -2.7% | -- |
| 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
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
- 5644 S Prairie Ave
- 5637 S Prairie Ave
- 5716 S Indiana Ave
- 5618 S Prairie Ave Unit 2
- 5739 S Calumet Ave Unit P2
- 5729 S Michigan Ave
- 5741 S Michigan Ave Unit 1N
- 5743 S Michigan Ave Unit 1S
- 5742 S King Dr Unit 3
- 5843 S Indiana Ave
- 5850 S Indiana Ave
- 5533 S Michigan Ave
- 63 E 56th St
- 5714 S Wabash Ave
- 5736 S Wabash Ave
- 5644 S Wabash Ave
- 5646 S Wabash Ave
- 5900 S King Dr Unit 3
- 5900 S King Dr Unit 59002
- 5632 S Wabash Ave
Ask me questions while you tour the home.