5714 S Prairie - 4-Unit Apartment Building in Washington Park

$900,000

5714 South Prairie Avenue, Chicago, IL 60637

For Sale

Multifamily Garden Low Rise

Active

Last Updated: 10/15/2025

Details:

Cap Rate: 7.42%

NOI: $66,790

Building Size: 5,200 sqft

Lot Area: 0.0894 acres

Units: 4

Year Built: 1896

Floors: 3

Offered by

Gene Hart

Investment Sales & Leasing Broker

33 Realty

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Description:

33 Realty is pleased to present for sale 5714 S Prairie Avenue, a four-unit multi-family investment property in the east Washington Park neighborhood of Chicago. This is an excellent opportunity for an owner-occupant as the top floor (unit 3) 5-bed/2-bath unit is currently being gut-rehabbed and will be vacant upon closing.

The property is composed of two 4-Bed/1-Bath & two 5-Bed/2-Bath apartments that were previously renovated for individual condominiums.

All units have hardwood and tile throughout, modern appliances, gas-forced-heat, granite counter tops, common building hot water, and individual utilities. The residences are larger than most of the new construction in the area, ranging in size between 1,200 and 1,400 SF and feature separate dining & living areas. The rents in the three occupied units are significantly below market.

Three blocks west of MLK in Washington Park