$724,900

5714 S Prairie Ave Chicago, IL 60637

Washington Park Neighborhood

Estimated payment $5,222/month

Total Views 398
17 Beds
6 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Balcony
  • Fenced
  • 2-minute walk to Lorraine Hansberry Park
  • Forced Air Heating System

About This Home

Beautiful 4-unit building in Prime Washington Park that is perfect for an investor, owner occupant or Airbnb! This building is comprised of one 4 bedroom 2 bathroom penthouse unit, two 4 bedroom 1 bathroom units and a 5 bedroom 2 bathroom garden unit! Updates includes a remodeled 4 bedroom 2 bathroom penthouse unit, a newer tear off roof (within the last 7 years), newer hot water tanks (within the last 5 years), newer furnaces in each unit (except for the 1st floor), newer rear porch and some recent tuck pointing. Each unit has its own in-unit washer and dryer! All units are between 1,200-1,400 square feet. The penthouse unit features a new kitchen with new granite countertops, white cabinets and stainless steel appliances, new baths, new hardwood floors and a primary bedroom suite with large walk-in closet and en suite bathroom! Tenants pay ALL utilities. Rents are below market and can be increased to maximize the building's true income potential. Conveniently located close to the University of Chicago, Washington Park, public transportation, schools, parks and more! Don't miss out! Check out the 3D tour!

Listing Agent

Vergis Eiland

@properties Christie's International Real Estate License #475139197 Listed on: 07/29/2026

@properties Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,763

Year Built

  • Built in 2006

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Window Screens
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 17 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

  • Balcony
  • Fenced

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $420
  • Insurance Expense $6,435
  • Water Sewer Expense $3,000
  • Gross Income $54,240
  • Net Operating Income $44,385

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: Active
  • SomePhotosVirtuallyStaged: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, None, Full
  • Total Bathrooms: 6
  • Total Bedrooms: 17
  • Window Features: Screens
  • 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
  • ExteriorFeatures: Balcony
  • Fencing: Fenced
  • 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

Fee Information

  • Water Sewer Expenses: 3000

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 3896
  • Zoning: MULTI
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: All

Multi Family

  • Net Operating Income: 44385
  • Insurance Expense: 6435
  • ElectricExpense: 420
  • GrossIncome: 54240
  • 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

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
07/29/2026 07/29/26 For Sale $724,900 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12718646

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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Vergis Eiland
Listing Agent
Vergis Eiland
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@properties Christie's International Real Estate
(872) 250-5539
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