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$850,000 Just Listed
Property Description
Turnkey legal 3-unit building in the heart of desirable Lincoln Square. This fully leased property features three spacious 3-bedroom, 1-bath units, each with central heat and air conditioning, in-unit laundry, and strong rental demand. The building currently generates over $75,000 in annual income, with tenants responsible for all their own utilities. Additional highlights include usable attic space with potential for extra storage or a duplex-up owner's unit, shared yard space, and a detached 2-car garage currently rented for an extra $100 per month. Situated on an oversized 3,536 sq ft lot and zoned B3-3 within the City's Transit-Served Location (TSL/TOD) district, this property offers excellent redevelopment potential for the right investor or developer. Ideally located within walking distance to the Brown Line, multiple bus routes, and Lincoln Square's vibrant shopping, dining, and nightlife.
Full Property Details
Full Property Details for 5117 N Western Ave
General
- Price: $850,000
- HOA FEE: $1,037
- Taxes: $8,839 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12657825
- Updated: Today (5/27/2026)
- Added to Site: Today
Interior
- Basement: None
Rooms
Bathrooms
- Total Bathrooms: 3
- Upper - Full Baths: 3
Bedrooms
- Total Bedrooms: 9
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Garage
Location
- Area: CHI - Lincoln Square
- County: Cook
- Township: Jefferson
- Driving Directions: ON WESTERN BETWEEN LAWRENCE AND FOSTER
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Other
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Vinyl Siding
- Exterior Const.: Vinyl Siding
- Basement Desc.: None
- Foundation: Concrete Perimeter
- Roof: Shake
- Year Built: 1905
- Built Before 1978: Yes
Unit Information
- Units in Building: 3
Lot Features
- Lot Size (Acres): 0.07
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 34 x 104
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $1,037
- Parking Included: Yes
- Assessment Year: 1905
- Tax Amount: $8,839.94
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 14073030020000
Listed by Triton Realty Group LLC
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Schools
Schools serving 5117 N Western Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Chappell Elementary School, Chicago, IL 2135 West Foster Avenue, Chicago, IL 60625 | PK-8 | 0.3 mi |
Amundsen High School 5110 North Damen Avenue, Chicago, IL 60625 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5117 N Western Ave
Date
Details
Price
Change
Source
5/27/2026
Listed
$850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5117 N Western Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$10,274
3%
$48,696
—
2022
$10,016
-6%
$48,696
-8%
2021
$10,658
25%
$53,000
38%
2020
$8,534
-1%
$38,309
-11%
2019
$8,648
2%
$43,044
—
2018
$8,503
5%
$43,044
14%
2017
$8,103
-2%
$37,642
-9%
2016
$8,240
9%
$41,139
—
2015
$7,539
17%
$41,139
19%
2014
$6,426
2%
$34,633
—
2013
$6,299
1%
$34,633
—
2012
$6,215
—
$34,633
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5117 N Western Ave
5117 N Western Avenue, Chicago, IL 60625 (MLS# 12657825) is a Multi-Family property with 3 units containing 9 bedrooms and 0 full bathrooms. 5117 N Western Avenue is currently listed for $850,000 and was received on May 27, 2026. Want to learn more about 5117 N Western Avenue? Do you have questions about finding other Multi-Family real estate for sale in Lincoln Square? You can browse all Lincoln Square real estate or contact a Coldwell Banker agent to request more information.
