5616 S. Michigan Ave

For Sale

5616 S. Michigan Ave, Chicago, IL 60637

This Chicago property for sale is located at 5616 S. Michigan Ave. The current listed sale price for 5616 S. Michigan Ave is $1,475,000. 5616 S. Michigan Ave is situated on a lot that is 0.16 acre in size.

Contacts

Aaron Sklar

Kiser Group

Property Details

  • Property Type Multi-Family
  • Property Size 8,772 SF
  • Units 8
  • Lot Size 0.16 Acre
  • Year Built 1905
  • Date Updated May 27, 2026
xKiser Group is pleased to exclusively present for purchase 5616 S. Michigan, a rarely available eight (8) unit multifamily building located in Chicago’s Washington Park neighborhood. The property sits adjacent to Hyde Park and is just blocks from the prestigious University of Chicago, as well as the future site of the Obama Presidential Library, positioning it within one of the city’s most dynamic and rapidly developing areas. 5616 S. Michigan is comprised of eight (8) total units, including six (6) 4Bd/2Ba units and two (2) 2Bd/1Ba units. The apartments feature open floor plans with high-end kitchens with granite countertops and stainless steel appliances, and modern bathrooms with custom finishes. Capital improvements include copper plumbing, updated porches, and individual HVAC systems. 5616 S. Michigan presents investors with the opportunity to acquire a well-maintained, income-producing asset in one of Chicago’s fastest-growing neighborhoods. With an in-place cap rate exceeding 9%, 5616 S. Michigan offers immediate scale and strong, day-one cash flow.
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Highlights

  • Granite Counter Tops w/ Stainless Steel Appliances
  • Individual HVAC Systems
  • Individual Laundry Hookups
  • Six (6) 4Bd/2Ba & Two (2) 2Bd/1Ba Units

Getting around

  • 77/100

    Walk Score ®

  • 75/100

    Transit Score ®

  • 66/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chicago, IL
  • Neighborhood Washington Park
  • Zip Code 60637
  • Market Chicago

Points of Interest

  • Garfield

    0.29 miles

  • Halsted

    1.45 miles

  • 55th-56th-57th Street

    1.81 miles

  • 63rd Street

    1.87 miles

  • 51st-53rd Street (Hyde Park)

    1.94 miles

  • Stony Island

    2.56 miles

  • 35th-Bronzeville-IIT

    2.75 miles

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

    2.82 miles

  • Western

    3.29 miles

  • South Shore

    3.49 miles

  • Super Save

    0.18 miles

  • Amstar

    0.38 miles

  • Citgo

    0.49 miles

  • The Roux

    0.50 miles

  • Shell

    0.51 miles

  • BP

    0.57 miles

  • GoLo

    0.66 miles

  • ChargePoint

    0.94 miles

  • Mobil

    1.00 miles

  • eVgo

    5.14 miles

  • Garfield Park & Ride

    0.31 miles

  • Medical Campus Parking Garage B

    0.89 miles

  • Medical Campus Parking Garage A

    0.92 miles

  • Parking/Materials Management

    0.94 miles

  • Campus South Parking

    1.06 miles

  • Campus North Parking Garage

    1.15 miles

  • Lexington Parking Lot

    1.32 miles

  • Kimbark South Parking Garage

    1.55 miles

  • Vue53 garage

    1.58 miles

  • Chapin Hall Parking Lot

    1.63 miles

  • Best Motel

    1.23 miles

  • The Study at the University of Chicago

    1.50 miles

  • Sophy Hotel

    1.68 miles

  • Hyatt Place Chicago-South/University Medical Center

    1.84 miles

  • Chicago Lake Shore Hotel

    2.13 miles

  • Amber Inn Motel

    2.14 miles

  • Empire Motel

    2.67 miles

  • East of the Ryan

    3.02 miles

  • The Polo Inn

    3.21 miles

  • Benedictine Bed and Breakfast

    3.50 miles

  • Jewel-Osco

    0.97 miles

  • Woodlawn Fresh Market

    0.99 miles

  • Adom African Market

    1.18 miles

  • Valley of Jordan

    1.23 miles

  • ALDI

    1.23 miles

  • City Sports

    1.24 miles

  • Save-A-Lot

    1.46 miles

  • Target

    1.60 miles

  • Fairplay Foods

    1.79 miles

  • Trader Joe's

    1.79 miles

Contact Listing Broker
Aaron Sklar

Kiser Group

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