Active Under Contract
Price CutPrice Drop: $10K (10/09)
New ConstructionNew Construction
Multi family home for sale at 5137 S Michigan Ave, Chicago, IL 60615 | MLS# 12760624 | Listing updated on 2026-10-09
Photo 1 of Multi family home for sale at 5137 S Michigan Ave, Chicago, IL 60615 | MLS# 12760624 | Listing updated on 2026-10-09
Photo 2 of Multi family home for sale at 5137 S Michigan Ave, Chicago, IL 60615 | MLS# 12760624 | Listing updated on 2026-10-09
Photo 3 of Multi family home for sale at 5137 S Michigan Ave, Chicago, IL 60615 | MLS# 12760624 | Listing updated on 2026-10-09
Photo 4 of Multi family home for sale at 5137 S Michigan Ave, Chicago, IL 60615 | MLS# 12760624 | Listing updated on 2026-10-09
39+
Beds Icon

Street View

$949,900

Monthly Est:$4,728

  • Beds Icon9 Beds
  • Beds Icon
    6 Baths
  • Beds Icon--sqft

5137 S Michigan Ave, Chicago, IL 60615

$4,728/moEst:

Get Pre-Approved

  • Multi Family

  • Built in 2026

  • $-- HOA

  • -- sqft lot

  • --/sqft

Description

Gorgeous NEW Construction Oversized 3-unit in prime Washington Park Location, Set alongside another New Development by the same developer and with rent and sales comps already established. Modern design with the perfect blend of city living and convenience. Each unit has a spacious, open-concept layout and condo-quality features, such as 42" cabinets, stainless steel appliances, recessed lighting, in-unit laundry. Each unit is a large 1,500 sq ft, 3 bed/ 2 bath, with a luxury master bathroom at the rear and extra built-out storage closets. The units will rent easily and proforma rents are $8,400/month. The top unit features a vaulted ceiling and decorative railings for an added touch of luxury. Unit has cameras built in for security, plus the ButterflyRX system for entry, which is a cloud-based video intercom system that allows residents to manage building access, grant entry to visitors, and receive deliveries directly from their smartphones. This property offers unbeatable convenience, 2 minute walk to CTA line and easy access to Washington Park. Prime investment opportunity, positioned for cash flow, appreciation, and creating generational wealth in one of Chicago's most exciting neighborhoods. Can arrange property management for any out-of-state buyers.

  • Houzeo last checked: 31 minutes ago
  • Listing updated: October 9, 2026 at 8:59 pm
  • Listing Provided by: Lawrence Dunning | Fulton Grace Realty (773) 698-6648
  • Source: MRED MLS-IL as distributed by MLS GRID | MLS#: 12760624 MRED MLS-IL as distributed by MLS GRID

Property Details

  • Status

    Active Under Contract

  • Type

    Multi Family

  • No. of Stories

    -

  • County

    Cook County

  • City

    Chicago

  • Neighborhood

    Washington Park

  • Year Built

    2026

  • HOA Fees

    -

  • Finished Area

    - sqft

  • Lot Size

    -- sqft lot

  • Basement Area

    - sqft

  • MLS Name

    MRED MLS

  • MLS Number

    12760624

  • MLS Status

    Contingent

  • Days on Market

    46

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Location

Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedrooms: 9

    Bathrooms: 6

Interior

  • Sewer

    Public Sewer

  • Window Features

    Screens

  • Heating

    Natural Gas

Construction

  • Year Built

    Year Built: 2026

  • Home type

    Multi Family

  • Roof

    Asphalt

  • Foundation Details

    Concrete Perimeter

  • Construction Materials

    Fiber Cement

Utilities & Energy

  • Basement

    None

  • Parking Features

    Yes, Owned

  • Water Source

    Lake Michigan

Other Features

  • Lot Features

    Landscaped

  • Community Features

    Sidewalks

Price History

DateEventPrice

10/09/2026

Source: mls_logoMRED MLS-IL as distributed by MLS GRID #MRD12760624

Contingent (Active Under Contract)

$949,900

$0/sqft

10/07/2026

Source: mls_logoMRED MLS-IL #MRD12760624

Price Decreased

$949,900 -1.04%

$0/sqft

09/15/2026

Source: mls_logoMRED MLS-IL #MRD12760624

Listed for Sale

$959,900

$0/sqft

Washington Park Ranks #153 in Chicago, IL

Homes for sale
36

Homes

Rental prices
$1,204

Rental Prices

Median Home Price
$227.5K

Median Home Price

Washington Park, Chicago, IL neighborhood guide

Nearby Homes

This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC through Nov 01, 2026, 10:45AM. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market.

Based on information submitted to the MLS GRID as of Nov 01, 2026, 10:45AM. All data is obtained from various sources and has not been, and will not be, 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. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Some IDX listings have been excluded from this website. Information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID, MRED or Houzeo. The use of the MLS GRID Data may be subject to an end user license agreement. Properties displayed may be listed or sold by various participants in the MLS,

Listings courtesy of MRED as distributed by MLS GRID. ©2026 Midwest Real Estate Data LLC. All Rights Reserved

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