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5828 South Michigan Avenue

5828 South Michigan Avenue, Chicago, IL 60637
Commercial in Washington Park
1 Units For Sale
Unit for sale at 5828 S Michigan Avenue, Chicago, IL 60637

$1,750,000 ↓ $250K

  • Commercial
  • 8,900 ft²
5828 S Michigan Avenue, Chicago, IL 60637 Listing by Azalea Plump

5828 South Michigan Avenue in Chicago, IL was first built in 1900 and is 124 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. There are a total of 2 floors. There are a total of 10 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 5828 South Michigan Avenue has 2,160 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 4,347 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. For those who need parking, there is a no garage. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of masonry. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a hot water heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $648 in taxes each year. The initial year of tax delinquency occurred in 2021. 5828 South Michigan Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $19,001. If we break it down further, the land itself was valued at $15,215. Improvements to the property, however, were assessed at a total of $3,786. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,347
  • Total Building Area: 2,160
  • Gross Building Area: 2,160
  • Building Area: 2,160
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 2,160
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HAMBLETONS SECOND
  • Land Acres: 0.1
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: C J (HAMBLETONS) (SECOND) SUB IN NW SEC 15-38-14

Ownership

  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 400500

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: Jan 03, 2016
  • District: 70
  • Parcel: 20-15-119-028-0000
  • Lot: 24,28
  • Meridian: SEC 15 TWN 38N RNG 14E
  • Municipality: HYDE PARK
  • Latitude: 41.7884
  • Longitude: -87.6244

    Address

  • Full Address: 5828 S Wabash Ave
  • Address - House Number: 5828
  • Street Direction: S
  • Address - Street Name: Wabash
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C058
  • 4-Digit Zip Code: 1108
  • Zip Code: 60637

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $648
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 70127

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 353,706
  • High Value: 444,084
  • Low Value: 263,327

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $495,000
  • First Open Lien Mortgage Lender: METLIFE HOME LOANS
  • First Open Lien Mortgage Recording Date: Mar 10, 2010
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $495,000
  • First Open Lien Mortgage Term: 995
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Reverse Mortgage (Home Equity Conversion Mortgage)
  • First Open Lien Mortgage Loan Due Date: Mar 09, 2093

    Market Valuation

  • Market Total Value: $190,010
  • Market Land Value: $152,150
  • Market Improvement Value: $37,860

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,001
  • Assessed Land Value: $15,215
  • Assessed Improvements Value: $3,786

About South Side



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Nearby Rentals

Unit for rent at

$999 /mo

  • 2 Beds
  • 1 Bath
  • 625 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 5828 South Michigan Avenue located in?
The 5828 South Michigan Avenue is a commercial located in the neighborhood of Washington Park in South Side, Chicago.
How many listings are currently for sale in 5828 South Michigan Avenue?
There is one unit for sale right now.
What is the average sales price for listings in 5828 South Michigan Avenue?
The average sales price for units in 5828 South Michigan Avenue is $1,750,000 , or $197/sqft. currently.

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