Address
5220 W Washington Boulevard, Chicago, IL
Price
$ 415,000
Property Attributes
- MLS#12770165
- TypeMulti-Family
- Listing Status New
- CountyCOOK
- CityChicago
- AreaCHI - Austin
- NeighborhoodAustin
- Zip60644
- StyleMulti-Family
- Year Built1960
- Taxes$ 4642
- Price$ 415,000
- Bedrooms5
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.1 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
FULL-BRICK 5-UNIT MULTI FAMILY INVESTMENT - NEAR DOWNTOWN OAK PARK - Rare opportunity to own a meticulously maintained, full-brick 5-unit apartment building on a quiet residential street, just over one mile from vibrant Downtown Oak Park and approximately eight miles from Downtown Chicago. This well-maintained multifamily property offers five spacious units, strong rental appeal, and excellent investment potential. Each apartment features generous living space and functional floor plans designed to appeal to today's renters. Property Highlights: Full-brick construction - 5 spacious apartment units - Private parking lot with up to 7 vehicles - On-site coin-operated laundry with additional income potential - Separate hot water tanks for each unit - Well-maintained building and grounds - Quiet residential location near Downtown Oak Park - Close to shopping, dining, parks, public transportation, and Chicago. The owner currently pays heat for four of the five units, along with common-area electric, water, insurance, and real estate taxes. The garden unit tenant pays their own utilities. With its solid brick construction, oversized apartments, off-street parking, and desirable location, this property offers an excellent opportunity for investors looking to expand their portfolio or acquire their first multifamily property. A rare combination of location, functionality, and long-term investment potential.
| Price History | |
|---|---|
| 9/26/2026 | Listed $415,000 |
General Features
| Possession | Closing |
|---|---|
| Roof | Rubber |
| Zoning | MULTI |
| Construction Materials | Brick,Concrete,Steel Siding,Stone |
| Year Built | 1960 |
| Tenant Pays | Electricity |
| Stories Count | 2 |
| Township | West Chicago |
| Tax Year | 2024 |
| Current Use | Multi-Family |
| Gross Income | 57600 |
| County | Cook |
| Net Operating Income | 37021 |
| Operating Expense | 20579 |
| Insurance Expense | 6000 |
| Property Type | Commercial Sale |
| Status | New |
| Directions | Washington W or E to Laramie to 5220 West |
| City | Chicago |
| Number Of Units Total | 5 |
| MLS Area | CHI - Austin |
| Tax Annual Amount | 4642 |
| Electric Expense | 480 |
| Fuel Expense | 3216 |
| Water Sewer Expense | 3000 |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
| Cap Rate | 8.9 |
Interior Features
| Basement | Exterior Entry |
|---|
Exterior Features
| Foundation Details | Concrete Perimeter |
|---|---|
| Lot Dimensions | 38 X 125 |
| Lot Size Acres | 0.1 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60644
Price
Taxes
Year Built
