5054 N Lockwood Avenue Chicago, IL ^$ 520,000

5054 N Lockwood Avenue

^$ 520,000

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5054 N Lockwood Avenue

Chicago, IL, 60630

^$ 520,000

Bedrooms7 Baths3.0

Monthly Estimate*

^$ 3,202

5054 N Lockwood Avenue, Chicago, IL 60630 - Image 1

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5054 N Lockwood Avenue, Chicago, IL 60630 - Image 9

5054 N Lockwood Avenue, Chicago, IL 60630 - Image 10

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5054 N Lockwood Avenue, Chicago, IL 60630 - Image 14

Multi-Family Home for sale in Chicago, IL

for $520,000 with 7 bedrooms and 3 full baths. This home was built in 1926 on a lot size of 0.1.

**MULTIPLE OFFERS RECEIVED, HIGHEST AND BEST DUE MONDAY, APRIL 6TH AT 5:00 PM** Solid income-producing opportunity in a well-maintained 2-flat with additional garden unit (owner cannot confirm the legality of the garden unit), all fully occupied with tenants in place. Each unit features separate utilities, offering ease of management and strong rental potential. Property includes a private patio with a fenced yard and a 2-car detached garage. Conveniently located near expressways, public transportation, and local schools. Ideal for investors seeking immediate cash flow with tenants willing to continue current leases.

Multi-Family Contingent

Price

^$ 520,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 12,059

Style

Lot Size

0.1

Year Built

1926

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12605083

Features

General

Sewer Public Sewer

Heating Natural Gas

Possession Closing

Zoning MULTI

Garage Spaces 2

Construction Materials Brick

Year Built 1926

Township Jefferson

Tax Year 2024

Ownership Fee Simple

Community Features Sidewalks Street Lights

County Cook

New Construction N

Property Type Residential Income Two to Four Units

Contingency Attorney/Inspection

Total Rooms 15

Status Contingent

Directions FOSTER TO LOCKWOOD SOUTH TO PROPERTY

City Chicago

High School District 299

MLS Area CHI - Jefferson Park

Tax Annual Amount 12059.22

Additional Parcels Y/N N

Standard Status Active Under Contract

Middle/Junior School District 299

Elementary School District 299

Interior

Basement Finished Exterior Entry Full

Total Bedrooms 7

Total Baths 3

Bedrooms Possible 7

Full Baths Building 3

Half Baths Building 0

Total Number of Units 3

Exterior

Parking Features Yes Garage Owned Detached Garage

Water Source Lake Michigan

Total Parking 2

Foundation Details Brick/Mortar

Lot Dimensions 30X125

Lot Size Acres 0.1

Waterfront Y/N N

* Excluded Features

List By

Gc Realty And Development

Broker

samanthas@gcrealtyinc.com

Affordability Calculator

$4,207

Per Month

Monthly Principal & Interest: $3,202
Monthly Property Taxes: $1,005
Monthly Home Insurance: --

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Yearly 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.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$620,262

Percent of Sale Price 19%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

566059 Elementary School

566846 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/31/2026	$520,000		Listed Price

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5054 N Lockwood Avenue, Chicago, IL, 60630 is a Multi-Family Home for sale at $520,000 with a lot size of 0.1. 5054 N Lockwood Avenue has 7 bedrooms, 3.0 baths, and was built in 1926. The property's zip code is 60630 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 4/16/2026.

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5054 N Lockwood Avenue

Multi-Family Home for sale in Chicago, IL

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