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$415,000
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Property 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.
Full Property Details
Full Property Details for 5220 W Washington Blvd
General
- Price: $415,000
- Taxes: $4,642 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12770165
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: $4,642
- 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# 12770165) is a Commercial property. 5220 W Washington Boulevard is currently listed for $415,000 and was received on September 25, 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.

