$849,995
$50K PRICE DROP

5714 S Prairie Ave Chicago, IL 60637

Washington Park Neighborhood

Estimated payment $5,736/month

Total Views 6,328
18 Beds
6 Baths
-- Sq Ft
-- Price per Sq Ft

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. Deconversion to ONE PIN has been completed.

Listing Agent

Gene Hart

33 Realty License #475149185 Listed on: 10/17/2025

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,763

Year Built

Built in 2006

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 2006
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Price Change
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 6
  • Total Bedrooms: 18
  • Window Features: Screens
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Laundry Hook-Up,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Laundry Hook-Up,Hardwood Floors
  • AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Disposal,Central Air Conditioner,Laundry Hook-Up,Hardwood Floors

Exterior Features

  • Construction Materials: Brick, Block
  • ExteriorFeatures: Balcony
  • Fencing: Fenced
  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Parking Features: Off Alley, Yes, Owned
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Curbs, Gated, Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 3200

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 3896
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas

Multi Family

  • Net Operating Income: 92637
  • Insurance Expense: 2400
  • ElectricExpense: 500
  • GrossIncome: 117600
  • Maintenance Expense: 2400
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 14762.92
  • Tax Year: 2024
  • Tax Exemptions: None

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 List to Sale Price per Sq Ft
05/04/2026 05/04/26 Price Changed $849,995 0.0% --
04/22/2026 04/22/26 Price Changed $850,000 -2.7% --
04/17/2026 04/17/26 Price Changed $874,000 -0.1% --
04/14/2026 04/14/26 For Sale $874,500 0.0% --
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 -- --
Source: Midwest Real Estate Data (MRED)

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 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $124,000 No Value Available
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12498413

Midwest Real Estate Data (MRED)

APN: 20-15-116-026-1001

Illinois Cook County Chicago 60637 Washington Park

5714 S Prairie Ave, Chicago, IL

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.

Midwest Real Estate Data (MRED) 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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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Gene Hart
Listing Agent
Gene Hart
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33 Realty
(773) 985-6251
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