5001 S Michigan Ave.

For Sale

5001 S Michigan Ave., Chicago, IL 60615

This Chicago property for sale is located at 5001 S Michigan Ave.. The general use of 5001 S Michigan Ave. is multi-family and it incorporates 58,605 square feet of class B multi-family space. The current listed sale price for 5001 S Michigan Ave. is $3,550,000.

Contacts

Joe Connelly

SVN | Chicago Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 58,605 SF
  • Units 48
  • Building Class B
  • Date Updated Jun 25, 2026
Bronzeville area of Chicago.SVN is pleased to present 5001 S Michigan Avenue, located in the desirable Bronzeville market of Chicago's South Side. The building was built in 1976 with the original use of a senior living facility. The property is now vacant and ready for repurpose, such as Senior Living, Medical Office, or multifamily redevelopment. The property has been well maintained and strong condition. Major Capital improvements consist of newer tuckpointing, newer roof, newer elevator, newer windows, and high-quality interior finishes. Heat is provided by multiple Boiler Systems, forced air, and electric baseboards. The building has three electrical rooms (1) basement (2) 4th floor, fire protection system, sprinkler system, and newer water tanks. The building also includes a gated parking lot with roughly 40+ parking spaces.
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Highlights

  • Re-Purpose for Senior Living (Original Use), Multifamily Redevelopment (48 - 56 Units), or Medical Office
  • Strong in-place Mechanicals
  • Strong Location

Attachments

Getting around

  • 81/100

    Walk Score ®

  • 76/100

    Transit Score ®

  • 65/100

    Bike Score ®

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Location

  • City Chicago, IL
  • Neighborhood Bronzeville
  • Zip Code 60615
  • Market Chicago

Points of Interest

  • Garfield

    0.63 miles

  • 51st-53rd Street (Hyde Park)

    1.82 miles

  • 55th-56th-57th Street

    1.94 miles

  • 35th-Bronzeville-IIT

    1.97 miles

  • 35th-Bronzewille-IIT (34th Street Entrance)

    2.04 miles

  • Halsted

    2.05 miles

  • 63rd Street

    2.33 miles

  • Stony Island

    3.15 miles

  • Western

    3.20 miles

  • UIC-Halsted (Halsted Street)

    5.14 miles

  • GoLo

    0.14 miles

  • BP

    0.38 miles

  • Super Save

    0.61 miles

  • Amstar

    0.67 miles

  • Shell

    0.79 miles

  • Citgo

    0.84 miles

  • ChargePoint

    1.36 miles

  • eVgo

    4.39 miles

  • Blink

    4.39 miles

  • Tesla Supercharger

    4.62 miles

  • Garfield Park & Ride

    0.58 miles

  • Medical Campus Parking Garage B

    1.19 miles

  • Campus North Parking Garage

    1.28 miles

  • Medical Campus Parking Garage A

    1.32 miles

  • Parking/Materials Management

    1.37 miles

  • Vue53 garage

    1.50 miles

  • Campus South Parking

    1.59 miles

  • Lot L

    1.60 miles

  • Lexington Parking Lot

    1.64 miles

  • Lot F

    1.71 miles

  • Amber Inn Motel

    1.36 miles

  • Sophy Hotel

    1.62 miles

  • Hyatt Place Chicago-South/University Medical Center

    1.76 miles

  • The Study at the University of Chicago

    1.88 miles

  • Chicago Lake Shore Hotel

    1.90 miles

  • Best Motel

    1.98 miles

  • The Polo Inn

    2.56 miles

  • Benedictine Bed and Breakfast

    2.84 miles

  • Wyndham Chicago McCormick Hotel

    2.89 miles

  • SpringHill Suites Chicago Chinatown

    3.23 miles

  • Adom African Market

    0.40 miles

  • Valley of Jordan

    1.15 miles

  • Fairplay Foods

    1.37 miles

  • Ross

    1.46 miles

  • Mariano's Fresh Market

    1.48 miles

  • Target

    1.52 miles

  • One Stop Foods

    1.53 miles

  • Jewel-Osco

    1.54 miles

  • Woodlawn Fresh Market

    1.72 miles

  • Bonne Sante Health Foods

    1.77 miles

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