No Photos
Image 1 - 5610 S Michigan Ave, Chicago, Illinois, 60637 - House for sale
Image 2 - 5610 S Michigan Ave, Chicago, Illinois, 60637 - House for sale
Image 3 - 5610 S Michigan Ave, Chicago, Illinois, 60637 - House for sale
Image 4 - 5610 S Michigan Ave, Chicago, Illinois, 60637 - House for sale
Image 5 - 5610 S Michigan Ave, Chicago, Illinois, 60637 - House for sale
Image 6 - 5610 S Michigan Ave, Chicago, Illinois, 60637 - House for sale
Image 7 - 5610 S Michigan Ave, Chicago, Illinois, 60637 - House for sale
Image 8 - 5610 S Michigan Ave, Chicago, Illinois, 60637 - House for sale
Image 9 - 5610 S Michigan Ave, Chicago, Illinois, 60637 - House for sale
Home For Sale In Chicago, Illinois
5610 S Michigan Ave, Chicago, Illinois, 60637

Home For Sale In Chicago, Illinois

house for sale
views
Listed: 05/17/24

5610 S Michigan Ave, Chicago, Illinois, 60637

Studio Bed:
3 Bath:
Save
Price
$ 965,000

About This House

Key Details: Building Type: Multifamily Units: 7 total (4) units: 4-bedroom (2)units: 3-bedroom (1) unit: 2-bedroom Listing Price: $965, 000Net Operating Income (NOI): $77, 980Capitalization Rate (Cap Rate): 8.08% Location and Market Insights The property is situated in a vibrant area of Chicago with ongoing urban development, making it highly desirable for potential renters. It is conveniently located near essential amenities such as grocery stores, restaurants, schools, and parks, which enhance the quality of life for residents. Additionally, its proximity to major transit routes ensures easy commutes, making it an ideal location for working professionals. The neighborhood boasts various cultural attractions, further adding to its appeal. The tenant demographics are diverse, ranging from families to young professionals, reducing the risk …  Full description

Protect Yourself From Rental Scams

While we strive to provide accurate and timely information, it's essential to remain vigilant and do your due diligence when considering rental properties. Make sure to follow expert tips to reduce the risk of fraud when renting a new apartment.

Similar Houses for Sale Nearby

$1,04M

Studio
2

$1,04M

Available: Right Now

Listed: 23/07/2024

6442 S Maryland Ave, Chicago, Illinois, 60637

House
Studio
2

Rake in the rents with this 8 unit grey stone in convenient East Woodlawn location. Close to new Obama Library. Well-maintained, always-leased units that feature hardwood floors. Great cash flow with each tenant paying their own gas and electric. Bui...

$900,000

Studio
2

$900,000

Available: Right Now

Listed: 25/07/2024

7552 S Lafayette Ave, Chicago, Illinois, 60620

House
Studio
2

9.9% Cap Rate. $98, 928Annual Gross Income. Individual Furnaces. Property is a ten (10) unit, walk-up apartment building located in the Park Manor neighborhood of Chicago. The property is located less than one block away from the I-94 Express, which ...

$892,000

Studio
2

$892,000

Available: Right Now

Listed: 27/07/2024

8033 S Drexel Ave, Chicago, Illinois, 60619

House
Studio
2

The property located at8031-35 S.Drexel Ave. in the Chatham neighborhood of Chicago, Illinois, represents a significant investment opportunity within the real estate market. This 12-unit residential building, fully renovated in 2014, offers a balance...

$1,15M

Studio
2

$1,15M

Available: Right Now

Listed: 27/07/2024

7700 S East End Ave, Chicago, Illinois, 60649

House
Studio
2

This property is the investment opportunity you've been looking for! All units are currently rented, with only 2 units still available, and all rents are current. The building, which consists of 16 units including 3-2 bedroom apartments and 13-1 bedr...

$890,000

Studio
4

$890,000

Available: Right Now

Listed: 25/07/2024

740 E 82nd St, Chicago, Illinois, 60619

House
Studio
4

Stop by this well maintained 10 unit in the Chatham community.Current cap rate is 10.21% with the opportunity to raise rent and increase your profit. Location is central to local retail stores and transportation. This property boast individual heatin...

$1,1M

Studio
1

$1,1M

Available: Right Now

Listed: 27/07/2024

7613 S Kingston Ave, Chicago, Illinois, 60649

House
Studio
1

Discover this stunning 13-unit multi-family property nestled in the vibrant South Shore neighborhood of Chicago. Each of the thirteen units boasts two spacious bedrooms, a separate living room, a dedicated kitchen, and beautiful hardwood flooring thr...

Washington Park Housing & Living

Household Income

Median household income: $57,238
Number of households: 1,1M
The average household income in Chicago, IL grew from $55,295 to $57,238 in the past year. This data is an estimate based upon 1,1M households in Chicago, IL.
The chart below presents how household income is distributed in Chicago, IL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Chicago, IL compared to median property taxes around the country. The prevalent amount of property taxes in Chicago, IL equals $3k+ , which is more than the national average.