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5220 W Washington Boulevard Chicago, IL 60644 • Multi Unit - Multiple • Active

  • 5220 W Washington Boulevard, Chicago, IL 60644 Main Photo

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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 Highlights

Property Type: Multi Unit - Multiple

General Information

County: Cook
Listed By:
john greene, Realtor 630-820-6500
MRED MLS
$415,000
Est. $2,936/mo
Active
BEDS0 BATHS MLS#12770165
STATUSActive PROPERTY TYPEMulti Unit - Multiple

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Ruhl&Ruhl Realtors
563.441.1776

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5220 W Washington Boulevard, Chicago, IL 60644.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $415,000$415,000$415,000
Down Payment $83,000$14,525$103,750
Monthly Mortgage Amount $2,237$2,745$2,711
Taxes $578$578$578
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$183$0
Monthly Estimated Total $2,936$3,627$3,410

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