5714 S Prairie Ave, Chicago, IL, 60637
About This Home
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. 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.
Getting Around
Somewhat Walkable
Excellent Transit
BikeableSchools
Construction
Condition
- Year built: 2006
Materials
- Foundation: Concrete Perimeter
- Roof: Asphalt
- Construction materials: Brick,Block
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 17
- Bathrooms: 6
- Full bathrooms: 6
Features
- Window features: Screens
Heating
- Heating features: Natural Gas,Forced Air
Property
Details
- Parcel number: 20151160261001
- Zoning: MULTI
- Special condition: None
Features
- Exterior features: Balcony
- Fencing: Fenced
Lot
- Lot size: 3,896 sqft
Parking
- Total spaces: 2
- Parking features: Off Alley,Yes,Owned
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Illinois Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,665 | $43,980 |
| Home Insurance * | $1,265 | $15,180 |
| Property Taxes | $1,045 | $12,540 |
| Electricity | $130 | $1,569 |
| Total | $6,105 | $73,260 |
Income You'd Need if You Spent...
Illinois FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-04 | Price change | $849,995 |
| 2026-04-22 | Price change | $850,000 |
| 2026-04-17 | Price change | $874,000 |
| 2026-04-14 | Listed for sale | $874,500 |
| 2026-03-13 | Contingent | $874,500 |
| 2026-02-27 | Price change | $874,500 |
| 2026-02-18 | Price change | $875,000 |
| 2025-11-12 | Price change | $899,000 |
| 2025-11-04 | Price change | $899,500 |
| 2025-10-17 | Listed for sale | $900,000 |
View on Zillow