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| 2BR/1.0BA | 2 bed | 1 bath | 1,000 sqft | $1,600 /mo | 1 unit available | Beautiful Newly Rehabbed 2‑Bedroom Apartment – First Floor – Immediate Move‑In This all‑new 2‑bedroom apartment is ready for immediate move‑in and located on the first floor—a rare find in Washington Park. Both bedrooms are spacious and will comfortably fit a king or queen‑size bed, along with additional bedroom furniture. The kitchen is fully updated with brand‑new cabinets, a new stove, and a new refrigerator. Enjoy hardwood floors throughout, a newly renovated bathroom, and the convenience of laundry in the building. Each unit includes an outdoor deck overlooking the courtyard—some private, some shared with a neighbor. Depending on the unit, you may also enjoy a fireplace, a straight accent wall, or a built‑in bookcase. Located within walking distance of the University of Chicago and multiple transportation options, this building at 5848 S Michigan Ave, Unit 1W, Chicago, IL 60637 offers comfort, convenience, and quality that won’t last long. **Section 8 & Subsidies Welcome** **Rent Options:** - **$1,600.00 per month** (utilities not included) - **$1,780.00 per month** (all utilities included) Please note that: A non-refundable move-in fee or a security deposit is required **Requirements You Must Meet:** - No evictions - No landlord/tenant disputes - Stable and verifiable employment - Income must be at least three times the rent amount per month - Good credit (credit check fee: $40.00 per adult over 18) - One-year lease commitment For further details and to schedule your viewing, please call our Leasing Team at (773) 598-7877 or email us at ****. **Note: ** The photos are for reference only and may not depict the exact unit. However, all units in the building are comparable in quality and amenities. Don’t miss this opportunity! |
Let's explore this property.
Apartment Amenities
| Utilities Included |
Appliances
| Range | Refrigerator |
Grounds
| Stove and Refrigerator |
One-time.
One-time. Refundable.
| Units | 32 |
|---|
Beautiful Newly Rehabbed 2‑Bedroom Apartment – First Floor – Immediate Move‑In This all‑new 2‑bedroom apartment is ready for immediate move‑in and located on the first floor—a rare find in Washington Park. Both bedrooms are spacious and will comfortably fit a king or queen‑size bed, along with additional bedroom furniture. The kitchen is fully updated with brand‑new cabinets, a new stove, and a new refrigerator. Enjoy hardwood floors throughout, a newly renovated bathroom, and the convenience of laundry in the building. Each unit includes an outdoor deck overlooking the courtyard—some private, some shared with a neighbor. Depending on the unit, you may also enjoy a fireplace, a straight accent wall, or a built‑in bookcase. Located within walking distance of the University of Chicago and multiple transportation options, this building at 5848 S Michigan Ave, Unit 1W, Chicago, IL 60637 offers comfort, convenience, and quality that won’t last long. **Section 8 & Subsidies Welcome** **Rent Options:** - **$1,600.00 per month** (utilities not included) - **$1,780.00 per month** (all utilities included) Please note that: A non-refundable move-in fee or a security deposit is required **Requirements You Must Meet:** - No evictions - No landlord/tenant disputes - Stable and verifiable employment - Income must be at least three times the rent amount per month - Good credit (credit check fee: $40.00 per adult over 18) - One-year lease commitment For further details and to schedule your viewing, please call our Leasing Team at (773) 598-7877 or email us at ****. **Note: ** The photos are for reference only and may not depict the exact unit. However, all units in the building are comparable in quality and amenities. Don’t miss this opportunity!
How 5838 S Michigan Ave. compares to other nearby properties.
Considerations
2-bedroom apartments at 5838 S Michigan Ave. cost about 16% more than the average rent price for 2-bedroom apartments in Washington Park.
| Month | Median Rent |
|---|---|
| July 2024 | $2,320 |
| 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 |
| March 2026 | $2,232 |
| April 2026 | $2,219 |
| May 2026 | $2,257 |
| June 2026 | $2,198 |
| July 2026 | $2,190 |
| Month | Median Rent |
|---|---|
| July 2024 | $1,050 |
| 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 |
| March 2026 | $1,142 |
| April 2026 | $1,182 |
| May 2026 | $1,222 |
| June 2026 | $1,300 |
| July 2026 | $1,150 |
Can I afford to live at 5838 S Michigan Ave?
Bedrooms
2 bedroomsRent-to-income ratio
30%
$64,000/yr
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Kenwood • 4726 S Woodlawn Ave
1–2 Beds
$1,599–$2,154
Hyde Park • 5200 S Blackstone Ave
1–2 Beds
$1,685–$2,370
Kenwood • 5035 S East End Ave
1–3 Beds
$1,885–$3,500
Lower West Side • 1846 W 18th St #2R
2 Beds
$1,800
Lower West Side • 2031 W 23rd St
2 Beds
$1,900
Bridgeport • 2926 S Wallace St #2F
2 Beds
$1,695
Kenwood • 4726 S Woodlawn Ave
1–2 Beds
$1,599–$2,154
Hyde Park • 5200 S Blackstone Ave
1–2 Beds
$1,685–$2,370
Kenwood • 5035 S East End Ave
1–3 Beds
$1,885–$3,500
Lower West Side • 1846 W 18th St #2R
2 Beds
$1,800
Lower West Side • 2031 W 23rd St
2 Beds
$1,900
Bridgeport • 2926 S Wallace St #2F
2 Beds
$1,695
