5714 S Prairie Ave Chicago, IL 60637
Washington Park NeighborhoodEstimated payment $5,534/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. Rents are all under market - please contact broker for full financial information. 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.
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/21/2026 06/21/26 | Price Changed | $798,500 | -0.1% | -- |
| 06/17/2026 06/17/26 | Price Changed | $799,000 | -5.9% | -- |
| 06/17/2026 06/17/26 | Price Changed | $848,900 | 0.0% | -- |
| 06/08/2026 06/08/26 | Price Changed | $849,000 | -0.1% | -- |
| 06/03/2026 06/03/26 | For Sale | $849,995 | 0.0% | -- |
| 05/13/2026 05/13/26 | Pending | -- | -- | -- |
| 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 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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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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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- 5848 S Prairie Ave Unit G
- 5852 S Prairie Ave Unit 2
- 5536 S King Dr Unit 1
- 5536 S King Dr Unit 2
- 368 E 59th St Unit 1
- 368 E 59th St Unit 3
- 5918 S Calumet Ave
- 5909 S Calumet Ave Unit 2N
- 5909 S Calumet Ave Unit 2
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Ask me questions while you tour the home.