5849 S Michigan Avenue, Chicago, IL 60637

• 9,450 sqft

Property Description

Excellent opportunity to acquire a stabilized 8-unit multifamily property in the rapidly evolving Washington Park neighborhood. The building features a desirable unit mix of six spacious 3-bedroom units and two garden-level units, offering strong rental demand and long-term investment potential. Large unit layouts appeal to families and long-term tenants, helping support occupancy and tenant retention. Ideally located near Washington Park, public transportation, major expressways, the Green Line, and the newly opened Obama Presidential Center, the property is positioned to benefit from continued investment and redevelopment throughout the surrounding area. Whether you're expanding your portfolio or seeking a well-maintained multifamily asset in one of Chicago's emerging growth corridors, this building offers an attractive combination of stability, location, and future upside.

Listing Status:

Active

Data Last Updated:

July 6, 2026 at 10:20PM

Listing Office:

Realty of America, LLC : 773-569-1171

Listing Agent:

Miriam Silva : 773-569-1171

MLS ID:

12689305

Interior

• A/C: None

Location

• Originating MLS: mred
• County: Cook

Lot

• Zoning: MULTI20151210140000

Financial

• Source: mred