5033 W Washington Boulevard
Chicago, IL, 60644 $ 630,000
Bedrooms10 Baths3.0 Sq 3,600 Monthly Estimate*
$ 3,879
for $630,000 with 10 bedrooms and 3 full baths. This 3,600 square foot home was built in 1911 on a lot size of 0.1.
How would you like to own this perfectly rehabbed 3-unit building for just $777 per month? It is very possible. It is also very simple. You can obtain an owner-occupied conventional loan with only a 5% down payment and then use the $3,730 per month rental income that this building generates to reduce your monthly mortgage payment. Your mortgage payment is about $4,507 per month with a 5% down payment (or $31,500) based on a 6.125% interest rate as of 2/10/2026 at a $630,000 purchase price; this payment of $4,507 per month includes property taxes, homeowner's insurance and mortgage insurance. This brings your payment to just $777 per month (or $4,507 minus $3,730). And, the better part? This building is practically brand new with City of Chicago plans and permits. There is nothing to fix. And, the best part? Notice all the new construction in the area! Simply stated, this property has two strategies. First, you can live in one unit and rent out the other two units. Second, you can just keep the entire building as an investment property! The first floor unit and the second floor unit are nearly identical except that the first floor unit has three bedrooms and the second floor unit has four bedrooms and a front balcony. Other than that, the first floor and the second floor share the same distinctive features. Both of these units feature large windows that light up the living room and dining room area and both of these units are accentuated by tall ceilings, recessed lighting, a soft gray wall color, hardwood flooring, an in-unit washer and dryer, tastefully designed bathroom tile work and immaculate trim work. But wait. There is more. The kitchens are stunning with their light gray, shaker style kitchen cabinets, their stunning granite countertops and their stainless steel appliances. You will fall in love with both of these units! You will also love the garden unit! The garden unit features three bedrooms and a full bathroom; it also features a tall ceiling and a functional floor plan and, yet, another outstanding kitchen design. This awesome building is close to it all: schools, shopping, I-290 and transportation. It is a must see. It is a true armchair investment. A 10!
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FeaturesGeneralSewer Public Sewer
Heating Natural Gas
Possession Closing Immediate
Roof Rubber
Zoning MULTI
Construction Materials Brick
Year Built 1911
Township West Chicago
Tax Year 2024
Ownership Fee Simple
Community Features Park Tennis Court(s) Curbs Sidewalks Street Lights Street Paved
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Other Structures None
Total Rooms 23
Status Active
Directions Head north on Cicero Avenue pass Madison Street and then head west on Washington Boulevard to 5033.
City Chicago
High School District 299
MLS Area CHI - Austin
Tax Annual Amount 5826.35
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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InteriorBasement Finished Exterior Entry Full
Total Bedrooms 10
Total Baths 3
Bedrooms Possible 10
Full Baths Building 3
Half Baths Building 0
Total Number of Units 3
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ExteriorExterior Amenities Balcony
Parking Features Unassigned Off Alley Off Street Yes Owned
Water Source Lake Michigan Public
Total Parking 6
Foundation Details Concrete Perimeter
Lot Dimensions 26.20 X 180
Lot Size Acres 0.1
Waterfront Y/N N
Other Equipment CO Detectors Ceiling Fan(s) Multiple Water Heaters Security Cameras
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* Excluded FeaturesList ByPeter Drossos Real EstateBroker
peter.drossos.reo@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,879
- Monthly Property Taxes
- $486
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Chicago, IL
Average List Price $608,359
Percent of Sale Price 3%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/10/2026 | $630,000 | | Listed Price |