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. The property has benefited from numerous recent repairs and improvements, including plumbing repairs, unit updates, concrete and patio work, door replacements, and ongoing maintenance. 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.

Based on information submitted to MRED as of June 16, 2026 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Property Details of 5849 South Michigan Avenue

Property Details

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Finance

Map Location

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Hi there! How can we help you?

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4 Sale Realty Advantage LLC