5220 W Washington BoulevardChicago, IL 60644

Description

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.

Property Information

Property type

Commercial Sale

Sub-type

Multi Family

Year built

1960

Lot size

0.10 acres

Lot dimensions

38 X 125

Zoning

MULTI

Days on market

17

MLS^® Listing#

12770165

Property Features

Basement

Exterior Entry

Construction

Brick · Concrete · Steel Siding · Stone

Foundation

Concrete Perimeter

Roof

Rubber

Financial Details

Annual taxes

$4,642Tax year 2024

Parcel number

16093130860000

Directions

Washington W or E to Laramie to 5220 West