5852 S Prairie Avenue, Chicago IL 60637

5852 S Prairie Avenue, Chicago IL 60637
$1,400,000

Units 4
Total Beds 12
Total Baths 8
Taxes $4,434.70
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Property Description

Located just minutes from the prestigeous University of Chicago and the Booth School of Business, this 4-unit brick property represents not just a stable investment but a standout addition to your real estate portfolio. Whether you choose to add to your assets or occupy it yourself, each unit offers three bedrooms, two bathrooms, and in-unit laundry, merging modern convenience with classic Chicago charm. Hardwood floors bathe in natural light, and the open layouts ensure each space feels vibrant and inviting. Envision starting your mornings on a quaint Juliet balcony, or entertaining guests on a private deck, equipped with a grill for culinary feats. With spacious living areas featuring fireplaces and combined dining room, tenants or owners alike will treasure every moment. This investment extends beyond mere property-it's an opportunity to embrace a lifestyle of convenience and luxury. Ideal for house hackers, Airbnb entrepreneurs, or seasoned investors, this cash-flowing property also includes private parking for each unit. Don't miss this rare chance to secure a premier property with significant reward potential in the heart of Washington Park. Schedule your viewing today.

Features & Information

Key Details

List Price $1,400,000
Property Taxes $4,434.70
Price/ Sq. Ft. Unavailable
Year Built 2006
Parking Type Space/s
Buyer's Agent Commission 2.5%
Status Active

Rooms

Total Rooms 24
Basement N

Exterior Features

Parking
Parking Details Space/s
# of Cars:  4

Building Information

Number of Units 4
Age of Building 16-20 Years
Exterior Construction Brick
Foundation Concrete
Heating & Cooling Gas, Forced Air

Units
Unit 1 Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Artificial, Laundry Hook-Up, Hardwood Floors
Unit 2 Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Artificial, Laundry Hook-Up, Hardwood Floors
Unit 3 Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Artificial, Laundry Hook-Up, Hardwood Floors
Unit 4 Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Artificial, Laundry Hook-Up, Hardwood Floors

Location

County Cook
Township Hyde Park
Corporate Limits Chicago
Directions to Property 55th To Prairie, South To Property

Schools
Elementary School District 299
Junior High District 299
High School District: 299

Property Taxes
Tax 4434.70
Tax Year 2021
Parcel Identification Number 20151220470000

Utilities

Sewer Sewer-Publ

Listed by RE/MAX Partners

Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 5/19/2024 9:02 PM. 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.

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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