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$560,000
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Property Description
Rarely available, traditional two-unit brick building located in the highly sought-after Portage Park neighborhood, just half a block from Chopin Park and within walking distance to the vibrant Central and Belmont business district and the Portage Park Olympic Pool. This owner-occupied property offers an excellent opportunity for both homeowners and investors. Each of the main and second-floor units features two generously sized bedrooms plus a tandem room adjacent to the second bedroom, ideal for an office, nursery, or additional living space. Both units include formal living and dining rooms showcasing well-maintained original woodwork and decorative fireplaces. The second-floor unit boasts hardwood floors throughout. The spacious eat-in kitchens are equipped with 42-inch cabinets, ample natural light and included appliances with plenty of room for a kitchen table. There is a in unit washer dryer in bathroom. Enclosed porches on both levels provide additional living or storage space. The fully finished basement, accessible via two exterior entrances, features modern 12x24 gray ceramic tile throughout, one large bedroom with a spacious closet, a full bathroom with a stand-up shower, and a summer kitchen. Additional basement amenities include a dedicated laundry area with utility sink and a 9x10 workroom that can easily be converted into an extra bedroom or home office. Situated on an oversized 32x125 lot, the property offers a generous backyard complete with a large pool (included) and a newer oversized 2.5-car garage with abundant storage. A wrought iron gate encloses a concrete patio-perfect for outdoor entertaining or potential carport use. This well-maintained building offers solid construction with great bones and is ready for your updates and personal touch. With strong rental potential and continued development in the surrounding area, this is an excellent opportunity for first-time buyers, multi-generational living, or investors looking to expand their portfolio. Conveniently located just minutes from shopping, dining, parks,schools and transportation. Don't miss this exceptional opportunity.
Full Property Details
Full Property Details for 5342 W Newport Ave
General
- Sold For: $560,000
- Taxes: $7,578 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12648607
- Added to Site: 54 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Parking
- Garage: Yes
- Garage Spaces: 2.5
- Total Spaces: 2
- Parking Features: Garage Door Opener, Garage, Yes, Garage Owned, Detached
Location
- Area: CHI - Portage Park
- County: Cook
- Driving Directions: Long to Newport East to property
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Radiator(s)
Utilities
- Water: Public
Structural Information
- Architectural Style: Traditional
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Finished, Full, Walk-Out Access
- Foundation: Concrete Perimeter
- Roof: Rubber
- Year Built: 1924
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Oversized Chicago Lot
- Lot Dimensions: 32 x 125
- Fence: Yes
- Fencing (Description): Fenced
Financial Considerations
- Assessment Year: 1924
- Tax Amount: $7,578.24
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 13213100240000
Listed by RE/MAX City
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Schools
Schools serving 5342 W Newport Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Reinberg Elementary School 3425 North Major Avenue, Chicago, IL 60634 | PK-8 | 0.4 mi |
Foreman High School 3235 North Leclaire Avenue, Chicago, IL 60641 | 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 5342 W Newport Ave
Date
Details
Price
Change
Source
7/01/2026
Sold
$560,000
-1.23%
MLS
5/14/2026
Listed
$567,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5342 W Newport Avenue, Chicago, IL 60641 (MLS# 12648607) is a Multi-Family property that was sold at $560,000 on July 01, 2026. Want to learn more about 5342 W Newport Avenue? Do you have questions about finding other Multi-Family real estate for sale in Portage Park? You can browse all Portage Park real estate or contact a Coldwell Banker agent to request more information.


