Bought with Gina Montealegre of Kale Realty
$540,000
$299,900
80.1%For more information regarding the value of a property, please contact us for a free consultation.
5200 S Prairie Avenue Chicago, IL 60615
Key Details
Sold Price $540,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12534555
Sold Date 03/31/26
Year Built 1903
Annual Tax Amount $88
Tax Year 2024
Lot Dimensions 60 x 150
Property Sub-Type Multi Family 5+
Property Description
An incredible opportunity for investors seeking a true value-add play in the heart of "Hot" Washington Park. This jumbo 6-flat features an expansive basement and oversized units-some approaching 1,800 sq ft with multiple bathrooms-but requires a full renovation. A new City of Chicago rear porch was installed approximately 15 months ago, providing a strong starting point for redevelopment. The property is conveniently located within walking distance to bus and rail transportation and just minutes from the University of Chicago campus. Sold AS IS / WHERE IS, with the buyer responsible for all City of Chicago violations. Renovated buildings in the area are achieving seven-figure sales. Cash or purchase-rehab financing only. Proof of funds or lender preapproval required for interior access. Opportunities like this are rare-don't miss it.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling None
Fireplace N
Exterior
View Y/N true
Building
Foundation Concrete Perimeter
Structure Type Brick
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© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
