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Listing provided courtesy of Fulton Grace RealtyMREDas Distributed by MLSGrid- MLS# 12604001MLS Provider

5637-43 S Prairie AvenueChicago, IL 60637

Commercial · 3 Beds
$2,985,000 Active

5637-43 S Prairie Avenue Overview

Time on Site:
92 days
Visits:
1

New Construction 9 Unit Building by one of the Southside's Premium Developers & the Opportunity to own a trophy investment property in a rapidly appreciating neighborhood. Perfect for a 1031 Investor looking for a property with over $25,000/month in projected income (with rental and sale comps already proven by the same developer in the same area), low maintenance, and steady year-on-year upside appreciation. Each building is on an oversized lot. Each luxury simplex is a 3 bedroom, 2 bathroom Condo Quality Unit; each features a beautiful 1,500 sq ft open floorplan, each kitchen with high-end stainless steel appliances, quartz counters, and in-unit laundry. Extra insulation for noise reduction between floors and from the outside. Unbeatable location walking distance to the CTA Green Line station and two blocks from Washington Park. Projected rent roll is $8,400.

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5637-43 S Prairie Avenue Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 1500
  • Fuel Expense: 0
  • Gross Income: 302400
  • Insurance Expense: 7500
  • Maintenance Expense: 3000
  • Net Operating Income: 225540
  • Operating Expense: 87600
  • Trash Expense: 2500
  • Water Sewer Expense: 7500

Building Information

  • Year Built: 2026

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Washington Park

Tax Information

  • Tax Annual Amount: $1,150.00
  • Tax Year: 2023

General Information

  • Parcel Number: 20151010140000
  • Property Type: Commercial Sale

Interior

General Information

  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 75x161

General Information

  • Number Of Units Total: 9

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 3
  • Baths Total: 2
  • Units Total: 9

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 0
  • Units Total: 0

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 0
  • Units Total: 0

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Units Total: 0

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Units Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

5637-43 S Prairie Avenue Neighborhood

Community

60637 (Chicago) Demographics

31
Median Age
8,890
Population Density (per sq. mile)
41%
College Educated
$30,149
Estimated Median Income
4,970
Estimated Total Home Owners
15,152
Estimated Total Renters
25% / 75%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5637-43 S Prairie Avenue Monthly Cost

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Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5637-43 S Prairie Avenue Market Data

Based on the last 30 days in this zip code

$393,653
Average List Price
$235
Average Price per Square Foot
24
Properties Sold
105
Average Days on Market
115
Properties for Sale
Calculations provided by Reliance Network

5637-43 S Prairie Avenue History

Date Event Value Agent
5/19/2026Source: MRED Status Change
Active
5/14/2026Source: MRED Price Reduction
$2,985,000 -1.3%
5/14/2026Source: MRED Status Change
Price Change
4/3/2026Source: MRED Status Change
Active
3/29/2026Source: MRED Added to Database
March 29, 2026