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$ 415,000
Est. payment /mo
New
5220 W Washington BLVD Chicago, IL 60644
4,356 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12715119
Year Built 1960
Annual Tax Amount $6,283
Tax Year 2024
Lot Size 4,356 Sqft
Lot Dimensions 38 X 125
Property Sub-Type Multi Family 5+
Property Description
Exceptional FULL BRICK 5-Unit Investment Opportunity Near Downtown Oak Park! This rare opportunity to own a meticulously maintained, fully brick 5-unit apartment building located on a quiet residential street just over one mile from vibrant Downtown Oak Park and only eight miles from Downtown Chicago. This turnkey multifamily property offers dependable cash flow, strong rental demand, and exceptional long-term appreciation potential. Each of the five spacious units offers generous living space with well-designed floor plans that appeal to today's renters. The property has been exceptionally maintained and features a private parking lot with space for up to 7 vehicles, an on-site coin-operated laundry that provides additional income potential, and separate hot water tanks for each unit, enhancing both tenant convenience and operational efficiency. The owner currently pays heat for four of the five units, along with common area electric, water, insurance, and real estate taxes, while the garden unit tenant pays all of their own utilities. Combining solid brick construction, oversized apartments, ample off-street parking, and a prime location near shopping, dining, parks, public transportation, and downtown Chicago, this property is an outstanding investment opportunity. Whether you're looking to expand your portfolio or acquire your first multifamily asset, this well-performing income property offers the perfect blend of stability, value, and future growth potential.
Location
State IL
County Cook
Area Chi - Austin
Zoning MULTI
Rooms
Basement Exterior Entry
Interior
Fireplace N
Exterior
Roof Type Rubber
Building
Dwelling Type Multi Family 5+
Structure Type Brick,Concrete,Steel Siding,Stone
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Listed by Mine Beevis of john greene, Realtor
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