5220 W Washington Boulevard Chicago, IL $ 415,000
5220 W Washington Boulevard
$ 415,000
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5220 W Washington Boulevard

Chicago, IL, 60644
$ 415,000
Bedrooms5 Baths0.0

Monthly Estimate*

$ 2,620

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Multi-Family Home for sale in Chicago, IL

for $415,000 with 5 bedrooms. This home was built in 1960 on a lot size of 0.1.

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.

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Multi-Family Active

Price

$ 415,000

Bedrooms

5

Property Type

Multi-Family

Taxes

$ 4,642

Style

Multi-Family

Lot Size

0.1

Year Built

1960

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12770165

Features
General
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 Multi Family 5+
MaintenanceExpense 0
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
Trash Expense 0
Water Sewer Expense 3000
Additional Parcels Y/N N
Standard Status Active
Cap Rate 8.9
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Interior
Basement Exterior Entry
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Exterior
Foundation Details Concrete Perimeter
Lot Dimensions 38 X 125
Lot Size Acres 0.1
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* Excluded Features
List By
John Greene, Realtor

Broker

minebeevis@johngreenerealtor.com

Email

Affordability Calculator

$3,007
Per Month
87%
13%
0%
Monthly Principal & Interest
$2,620
Monthly Property Taxes
$387
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/26/2026$415,000 Listed Price

Map


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5220 W Washington Boulevard, Chicago, IL, 60644 is a Multi-Family Home for sale at $415,000 with a lot size of 0.1. 5220 W Washington Boulevard has 5 bedrooms, 0.0 baths, and was built in 1960. The property's zip code is 60644 which is in Chicago, IL