5849 S Michigan Avenue

Chicago, IL 60637

Prime opportunity for investors looking for both immediate cash flow and long-term upside. This well-maintained 8-unit building includes six spacious 3 bed / 1 bath units with hardwood floors, decorative fireplaces, large windows, and private decks, offering plenty of character and natural light throughout. Two garden units round out the mix: one 2 bed / 1 bath, and one 1 bed + office / 1 bath, perfect for added rental flexibility. Tenants enjoy convenient on-site laundry and extra storage in the basement, plus plenty of parking in back. Recent updates include new water heaters (both replaced within the last 2 years) and a modernized boiler system with wireless thermostats. The building is already producing strong cash flow, with room to add value over time. Located just a short walk to the Green Line and Washington Park, and with quick access to 90/94, this property offers a convenient location. Whether you're expanding your portfolio or jumping into multifamily for the first time, this building is a smart, solid play.

Listing Courtesy of MRED as distributed by MLS Grid of Keller Williams Preferred Rlty



Based on information submitted to the MLS GRID as of 2025-08-03 07:04 AM UTC. 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.
Last checked: 2025-08-03 07:04 AM UTC
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