5124 S Prairie Avenue, Chicago IL 60615
$775,000

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Property Description

Great investment opportunity with this beautiful 3 flat that underwent a full gut rehab in 2016 & has had even more updates since. All new mechanicals and windows in 2019, new appliances in 2020. Each unit features spacious floor plans with large living areas. Unit 1 features 3 bd/1.5 bth and unit 2 & 3 have 4 bd/2 bth! The property is grandfathered in to be a 4 unit so the large unfinished basement can easily be converted to an additional unit for even more income opportunity. Unit 2 & 3 are both tenant occupied with MTM leases. Large backyard. One block from the green line and minutes to I-90 with easy access to all other major highways. Schedule your viewing today!

Listed by Cesar Juarez for Redfin Corporation | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of . 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.

Features & Information

Key Details

  • List Price $775,000
  • Property Taxes $6,102.82
  • Price/ Sq. Ft. Unavailable
  • Year Built 1897
  • Parking Type None
  • Buyer's Agent Commission 2.5%
  • Status Active

Rooms

  • Total Rooms 18
  • Basement F

Exterior Features

  • Parking

  • Parking Details None
  • # of Cars:  0

Building Information

  • Number of Units 3
  • Age of Building 100+ Years
  • Exterior Construction Brick
  • Foundation Concrete
  • Heating & Cooling Gas, Forced Air
  • Units

  • Unit 1 Stove, Refrigerator, Microwave, Central Air Conditioner, Laundry Hook-Up, Hardwood Floors
  • Unit 2 Stove, Refrigerator, Microwave, Central Air Conditioner, Hardwood Floors
  • Unit 3 Stove, Refrigerator, Microwave, Central Air Conditioner, Hardwood Floors

Location

  • County Cook
  • Township Hyde Park
  • Corporate Limits Chicago
  • Directions to Property 51st East Or West To Prairie South To Address
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 6102.82
  • Tax Year 2022
  • Tax Exemptions Homeowner
  • Parcel Identification Number 20103040150000

Utilities

  • Sewer Sewer-Publ

Explore Washington Park

For now Chicago's Washington Park neighborhood may be a predominantly residential south side community with a sprawling public park and rich culture of African-American heritage, however, as the potential site of the Olympic Stadium for the 2016 Summer Games, this modest neighborhood could really make its mark in the near future. Remnants of the last century's architectural movement are found throughout the area, with a wave of new designs and gut rehabs dusting the streets as well. As Olympic talk heightens, developers and city officials are anticipating the impact such a huge event would have on Washington Park. Temporary athlete lodgings and the massive 80,000-seat arena would only be around for a short period, but the hope is that a surge of new businesses would ride in on the coattails of this once-in-a-lifetime opportunity to bolster the Washington Park neighborhood for decades to come. The current commercial base is slight, with a few soul food mainstays and Chinese takeout, but the annual cultural festivals and fun Park District programs keep things on the up as Washington Park awaits an impending transformation of Olympic proportions.

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