NEW! Buy and sell safely with virtual options - Learn More
About the Listing 23120 - 263196,250589
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.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Hot Water,Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Exterior Entry
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 38 X 125
- Zoning: MULTI
- Roof: Rubber
- Others:
- Sewer:
- Parking Features: 1-5 Spaces
Financial Details
- Tax Amount: $6,284
- Taxes w/Assessments: N/A
- Tax/Property ID: 16093130860000
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
5220 W Washington Boulevard Chicago, IL 60644
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
