5720 South Michigan Avenue
$1,090,000
17
6
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Description
5720 s. Michigan is a recently gut renovated six (6) unit building located in the Washington Park neighborhood of Chicago's South Side. Sitting just blocks from Washington Park and bordering the prestigious Hyde Park community, the asset also sits just four (4) blocks away from the CTA Green Line 'El Station,' providing tenants easy, affordable, and quick transportation to and from Chicago's Downtown. 5720 S. Michigan is has an incredibly desirable unit mix comprised of five (5) 3Bd/1Ba units and...5720 s. Michigan is a recently gut renovated six (6) unit building located in the Washington Park neighborhood of Chicago's South Side. Sitting just blocks from Washington Park and bordering the prestigious Hyde Park community, the asset also sits just four (4) blocks away from the CTA Green Line 'El Station,' providing tenants easy, affordable, and quick transportation to and from Chicago's Downtown. 5720 S. Michigan is has an incredibly desirable unit mix comprised of five (5) 3Bd/1Ba units and one (1) 2Bd/1Ba unit. All of which, however, feature hardwood floors, new kitchens with stainless steel appliances and granite countertops, modern bathrooms with ceramic tile, and an abundance of natural light. Additionally, the building underwent a complete gut renovation in 2020, including, but not limited to, new electric service & wiring, copper plumbing, new porches, and individual HVAC units. 5720 S. Michigan provides an incredibly rare opportunity for an investor to acquire a true turn key investment in one of Chicago's most appreciating neighborhoods just outside of Hyde Park. From day one, a new investor will capitalize on an incredibly strong tenant base with an abundance of value add opportunities. Solely by stabilizing the rent roll to what is currently being achieved in the building, there is an opportunity to further increase .
- Listed by Aaron Sklar • Kiser Group Realty Inc
Property Details for 5720 South Michigan Avenue
Area
CHI - Washington Park
LISTING UPDATED: 09/18/2024 12:07 AM
Property Details for 5720 South Michigan Avenue
Status | Active |
---|---|
MLS # | 12162913 |
Days on Market | 9 |
Taxes | $7,840 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Multi Family 5+-Garden Complex |
Year Built | 1906 |
Lot Size | 0.18 AC / 7,791 SF |
County | Cook County |
Building Information for 5720 South Michigan Avenue
Stories3Residences6Year Built1906Building Size-Lot Size0.18 AC / 7,791 SF
Property Information for 5720 South Michigan Avenue
Property History for 5720 South Michigan Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5720 South Michigan Avenue
Taxable ValueLand$27,405Additions$10,595Total$38,000
Tax Record2022$7,840 ($653 / month)
Home Facts
Baths6Total Finished SqFt8,820 SqFtAbove Grade Finished SqFt8,820 SqFtStories3Lot Size7,830 SqFtStyleMulti-Family Res (5+ Units)Year Built1910CountyCOOKAPN20-15-114-024
Schools near 5720 South Michigan Avenue
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Carter Elementary School PublicPK to 8 | ||
Phillips Academy High School Public9 to 12 | ||
CICS Washington Park CharterK to 8 | ||
Ace Technical Charter High School Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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