5849 S Michigan Avenue Chicago, IL 60637
Other
MLS #: 12390870
Courtesy Of Keller Williams Preferred Realty
Property InformationDescription
Prime opportunity for investors looking for both immediate cash flow and long-term upside. This well-maintained 8-unit building includes six spacious 3 bed / 1 bath units with hardwood floors, decorative fireplaces, large windows, and private decks, offering plenty of character and natural light throughout. Two garden units round out the mix: one 2 bed / 1 bath, and one 1 bed + office / 1 bath, perfect for added rental flexibility. Tenants enjoy convenient on-site laundry and extra storage in the basement, plus plenty of parking in back. Recent updates include new water heaters (both replaced within the last 2 years) and a modernized boiler system with wireless thermostats. The building is already producing strong cash flow, with room to add value over time. Located just a short walk to the Green Line and Washington Park, and with quick access to 90/94, this property offers a convenient location. Whether you're expanding your portfolio or jumping into multifamily for the first time, this building is a smart, solid play.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 8
- MLSID: 12390870
MAP & DIRECTIONS
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