5167 S Michigan Avenue, Chicago IL 60615
$959,900

5167 S Michigan Avenue, Chicago IL 60615

$959,900
Active
Washington Park Two to Four Units

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Property Description

Gorgeous NEW Construction Oversized 3-unit in prime Washington Park Location, Set alongside another New Development by the same developer and with rent and sales comps already established. Modern design with the perfect blend of city living and convenience. Each unit has a spacious, open-concept layout and condo-quality features, such as 42" cabinets, stainless steel appliances, recessed lighting, in-unit laundry. Each unit is a large 1,500 sq ft, 3 bed/ 2 bath, with a luxury master bathroom at the rear and extra built-out storage closets. The units will rent easily and proforma rents are $8,400/month. The top unit features a vaulted ceiling and decorative railings for an added touch of luxury. Unit has cameras built in for security, plus the ButterflyRX system for entry, which is a cloud-based video intercom system that allows residents to manage building access, grant entry to visitors, and receive deliveries directly from their smartphones. This property offers unbeatable convenience, 2 minute walk to CTA line and easy access to Washington Park. Prime investment opportunity, positioned for cash flow, appreciation, and creating generational wealth in one of Chicago's most exciting neighborhoods. Can arrange property management for any out-of-state buyers.

Features & Information

Key Details
  • List Price $959,900
  • Property Taxes $1,411
  • Year Built 2026
  • Status Active
  • List Market Time 7

Units

  • Unit 1
  • Floor 1
  • Rooms 7
  • Beds 3
  • Baths 2
  • Appliances Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Artificial, Garage/Space, Laundry Hook-Up, Cathedral Ceilings, Hardwood Floors, Walk-In Closet
  • Rent $2,700/mo
  • Tenant Pays Electric,Gas
  • Lease Expires PROJ

  • Unit 2
  • Floor 2
  • Rooms 7
  • Beds 3
  • Baths 2
  • Appliances Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Artificial, Garage/Space, Laundry Hook-Up, Cathedral Ceilings, Hardwood Floors, Walk-In Closet
  • Rent $2,700/mo
  • Tenant Pays Electric,Gas
  • Lease Expires PROJ

  • Unit 3
  • Floor 3
  • Rooms 7
  • Beds 3
  • Baths 2
  • Appliances Stove, Refrigerator, Dryer, Microwave, Central Air Conditioner, Fireplace-Artificial, Garage/Space, Laundry Hook-Up, Cathedral Ceilings, Hardwood Floors, Walk-In Closet
  • Rent $3,000/mo
  • Tenant Pays Electric,Gas
  • Lease Expires PROJ

Exterior Features

  • Parking
  • # of Cars:  3

Building Information
  • Number of Units 3
  • Age of Building NEW Ready for Occupancy

Location
  • County Cook
  • Township Hyde Park
  • Corporate Limits Chicago
  • Directions to Property South To Michigan St To Address

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

  • Property Taxes
  • Tax 1410.74
  • Tax Year 2024
  • Tax Exemptions None
  • Parcel Identification Number 20103020130000

Listed by Lawrence Dunning for Fulton Grace Realty | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 9/22/2026 8:32 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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