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This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
| 5616 S Michigan Ave - 5616-... | 4 bed | 2 bath | 1,000 sqft | $2,524 /mo | We welcome Section 8 Tenants! $500 MOVE IN FEE Condo finishes. Brand new everything! Open space concept, SS appliances, new cabinets, granite counter tops, hardwood floors. No income requirements for CHA tenants. For more information and photos please visit axonas managebuilding com Balcony, deck, patio, Cable ready, Dishwasher, Hardwood floors, Heat - gas, Laundry room / hookups, Microwave, Oven / range, Refrigerator |
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| Units | 1 |
|---|
We welcome Section 8 Tenants! $500 MOVE IN FEE Condo finishes. Brand new everything! Open space concept, SS appliances, new cabinets, granite counter tops, hardwood floors. No income requirements for CHA tenants. For more information and photos please visit axonas managebuilding com Balcony, deck, patio, Cable ready, Dishwasher, Hardwood floors, Heat - gas, Laundry room / hookups, Microwave, Oven / range, Refrigerator
How 5616 S Michigan Ave compares to other nearby properties.
Positives
Considerations
4-bedroom apartments at 5616 S Michigan Ave cost about 10% more than the average rent price for 4-bedroom apartments in Washington Park.
| Month | Median Rent |
|---|---|
| March 2024 | $2,353 |
| April 2024 | $2,180 |
| May 2024 | $2,248 |
| June 2024 | $2,337 |
| July 2024 | $2,354 |
| August 2024 | $2,210 |
| September 2024 | $2,235 |
| October 2024 | $2,200 |
| November 2024 | $2,118 |
| December 2024 | $1,961 |
| January 2025 | $1,932 |
| February 2025 | $1,991 |
| March 2025 | $2,036 |
| April 2025 | $2,050 |
| May 2025 | $2,040 |
| June 2025 | $2,012 |
| July 2025 | $2,172 |
| August 2025 | $2,064 |
| September 2025 | $1,986 |
| October 2025 | $1,940 |
| November 2025 | $1,952 |
| December 2025 | $1,950 |
| January 2026 | $1,997 |
| February 2026 | $2,041 |
| Month | Median Rent |
|---|---|
| March 2024 | $1,075 |
| April 2024 | $1,127 |
| May 2024 | $1,198 |
| June 2024 | $1,096 |
| July 2024 | $1,059 |
| August 2024 | $1,050 |
| September 2024 | $1,050 |
| October 2024 | $1,100 |
| November 2024 | $1,090 |
| December 2024 | $1,100 |
| January 2025 | $1,131 |
| February 2025 | $1,162 |
| March 2025 | $1,104 |
| April 2025 | $1,049 |
| May 2025 | $1,027 |
| June 2025 | $1,099 |
| July 2025 | $1,130 |
| August 2025 | $1,143 |
| September 2025 | $1,136 |
| October 2025 | $1,128 |
| November 2025 | $1,165 |
| December 2025 | $1,148 |
| January 2026 | $1,150 |
| February 2026 | $1,150 |
Can I afford to live at 5616 S Michigan Ave?
Bedrooms
4+ bedroomsRent-to-income ratio
30%
$100,960/yr
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