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Listing provided courtesy of 33 RealtyMREDas Distributed by MLSGrid- MLS# 12498413MLS Provider

5714 S PRAIRIE AvenueChicago, IL 60637

Multi-Family · 17 Beds
$798,500 Active

5714 S PRAIRIE Avenue Overview

Time on Site:
255 days
Visits:
4

ATTENTION OWNER-OCCUPANTS! We are 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 OPPORTUNITY as the top floor (unit 3) 4-bed/2-bath unit was gut-rehabbed in 2026 and will be vacant upon closing. The property is composed of two 4-Bed/1-Bath & one 4-Bed/2-Bath, and 5-Bed/2-Bath apartments that were previously renovated for individual condominiums. Rents are all under market - please contact broker for full financial information. All units have hardwood and tile throughout, modern appliances, gas-forced-heat, granite counter tops, individual hot water tanks, 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. Deconversion to ONE PIN has been completed.

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5714 S PRAIRIE Avenue Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 299

Income/Expenses

  • Electric Expense: 500
  • Gross Income: 117600
  • Insurance Expense: 2400
  • Maintenance Expense: 2400
  • Net Operating Income: 92637
  • Water Sewer Expense: 3200

Building Information

  • New Construction: No
  • Year Built: 2006

Location/Region

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

Community/Development

  • Community Features: Curbs, Gated, Sidewalks, Street Lights, Street Paved

Tax Information

  • Tax Annual Amount: $14,762.92
  • Tax Year: 2024

General Information

  • Ownership: Fee Simple
  • Parcel Number: 20151160261001
  • Property Type: Residential Income
  • Special Listing Conditions: None
  • Zoning: MULTI

Interior

Parking Information

  • Half Baths Building: 0

Beds/Baths

  • Bathrooms Total: 6
  • Bedrooms Total: 18
  • Bedrooms Possible: 18
  • Full Baths Building: 6

General Information

  • Basement: None
  • Foundation Details: Concrete Perimeter
  • Heating: Natural Gas, Forced Air
  • Rooms Total: 32
  • Window Features: Screens

Exterior

Parking Information

  • Parking Features: Off Alley, Yes, Owned
  • Parking Total: 2

Lot Information

  • Additional Parcels: Yes
  • Lot Size Dimensions: 3896
  • Water Source: Lake Michigan

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick, Block
  • Roof: Asphalt

General Information

  • Exterior Features: Balcony
  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 1450
  • Beds Total: 4
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 1500
  • Beds Total: 4
  • Baths Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Actual Rent: 1650
  • Beds Total: 5
  • Baths Total: 2

Unit 4 Details

  • Unit Type: Unit 4
  • Actual Rent: 2750
  • Beds Total: 4
  • Baths Total: 2

5714 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.

5714 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.

5714 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

5714 S PRAIRIE Avenue History

Date Event Value Agent
6/29/2026Source: MRED Status Change
Active
6/21/2026Source: MRED Price Reduction
$798,500 -0.1%
6/17/2026Source: MRED Price Reduction
$799,000 -5.9%
6/17/2026Source: MRED Status Change
Price Change
6/13/2026Source: MRED Status Change
Active
6/8/2026Source: MRED Price Reduction
$849,000 -0.1%
6/8/2026Source: MRED Status Change
Price Change
6/3/2026Source: MRED Status Change
Re-activated
5/26/2026Source: MRED Status Change
Contingent
5/9/2026Source: MRED Status Change
Active
5/4/2026Source: MRED Price Reduction
$849,995 -0.0%
5/4/2026Source: MRED Status Change
Price Change
4/27/2026Source: MRED Status Change
Active
4/21/2026Source: MRED Price Reduction
$850,000 -2.7%
4/21/2026Source: MRED Status Change
Price Change
4/21/2026Source: MRED Status Change
Active
4/16/2026Source: MRED Price Reduction
$874,000 -0.1%
4/16/2026Source: MRED Status Change
Price Change
4/14/2026Source: MRED Status Change
Re-activated
3/12/2026Source: MRED Status Change
Contingent
3/4/2026Source: MRED Status Change
Active
2/27/2026Source: MRED Price Reduction
$874,500 -0.1%
2/27/2026Source: MRED Status Change
Price Change
2/23/2026Source: MRED Status Change
Active
2/18/2026Source: MRED Price Reduction
$875,000 -2.7%
2/18/2026Source: MRED Status Change
Price Change
11/16/2025Source: MRED Status Change
Active
11/11/2025Source: MRED Price Reduction
$899,000 -0.1%
11/11/2025Source: MRED Status Change
Price Change
11/9/2025Source: MRED Status Change
Active
11/3/2025Source: MRED Price Reduction
$899,500 -0.1%
11/3/2025Source: MRED Status Change
Price Change
10/22/2025Source: MRED Status Change
Active
10/17/2025Source: MRED Added to Database
October 17, 2025