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$415,000
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Property Description
** BACK ON THE MARKET! This exceptional FULL-brick 5-unit investment opportunity near Downtown Oak Park is available again after the buyer was unable to secure financing. An excellent opportunity for investors looking for a well-located multifamily property.** 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.
Full Property Details
Full Property Details for 5220 W Washington Blvd
General
- Price: $415,000
- Taxes: $6,283 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12715119
Interior
- Basement: Exterior E
Location
- Area: CHI - Austin
- County: Cook
- Township: West Chicago
- Driving Directions: Washington W or E to Laramie to 5220 West
- Location Details: In City Limits
Heating & Cooling
- Heating Type: Hot Water, Baseboard
Structural Information
- Construction: Brick, Concrete, Steel Siding, Stone
- Exterior Const.: Brick, Concrete, Steel Siding, Stone
- Basement: Yes
- Basement Desc.: Exterior Entry
- Foundation: Concrete Perimeter
- Roof: Rubber
- Stories/Levels: 2
- Current Bldg. Use: Multi-Family
- Year Built: 1960
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 5
- Units w/Range/Oven: 5
Lot Features
- Lot Size (Acres): 0.1
- Lot Dimensions: 38 x 125
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $6,000
- Operating Expenses: $20,579
- Other Fee: $1,600
- Assessment Year: 1960
- Tax Amount: $6,283.72
- Tax Year: 2024
- Tenant Pays: Electricity
- Pays Electric: 480
Disclosures and Reports
- Property ID: 16093130860000
Listed by john greene, Realtor
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Schools
Schools serving 5220 W Washington Blvd
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Ellington Elementary School 243 North Parkside Avenue, Chicago, IL 60644 | PK-8 | 0.6 mi |
Douglass Academy High School 543 North Waller Avenue, Chicago, IL 60644 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 5220 W Washington Blvd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,642
—
$31,277
42%
2023
$4,642
3%
$21,999
—
2022
$4,525
2%
$21,999
—
2021
$4,424
-2%
$21,999
8%
2020
$4,521
-2%
$20,296
-12%
2019
$4,634
2%
$23,064
—
2018
$4,556
41%
$23,064
54%
2017
$3,229
-27%
$15,000
-32%
2016
$4,397
9%
$21,953
—
2015
$4,023
12%
$21,953
14%
2014
$3,581
2%
$19,300
—
2013
$3,510
-8%
$19,300
-10%
2012
$3,833
—
$21,358
—
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 5220 W Washington Blvd
5220 W Washington Boulevard, Chicago, IL 60644 (MLS# 12715119) is a Commercial property. 5220 W Washington Boulevard is currently listed for $415,000 and was received on July 27, 2026. Want to learn more about 5220 W Washington Boulevard? Do you have questions about finding other Commercial real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.

