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
Bedrooms2 Baths0.0

Monthly Estimate*

$ 2,620

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Multi-Family Home for sale in Chicago, IL

for $415,000 with 2 bedrooms. This home was built in 1960 on a lot size of 0.1.

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.

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Multi-Family Active

Price

$ 415,000

Bedrooms

2

Property Type

Multi-Family

Taxes

$ 6,283

Style

Multi-Family

Lot Size

0.1

Year Built

1960

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12715119

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 6283.72
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

$3,144
Per Month
83%
17%
0%
Monthly Principal & Interest
$2,620
Monthly Property Taxes
$524
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
7/27/2026$415,000 Listed Price

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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 2 bedrooms, 0.0 baths, and was built in 1960. The property's zip code is 60644 which is in Chicago, IL