5220 W Washington Boulevard Chicago, IL 60644
Exceptional FULL BRICK 5-Unit Investment Opportunity Near Downtown Oak Park! 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.
Baird & Warner New Client Care Team Agent Cell: 312.847.5702 Email
Property Details
Feature Descriptions
Location
See details and scored characteristics about this location.
Listing Office: john greene, Realtor
Listing Office Phone: 630-820-6500
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Select a format below, new window will open and will prompt you to print.
AWARD WINNING SERVICES
GLOBAL REACH & HOME INSURANCE
WEBSITE AWARDS
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Privacy Policy / DMCA Notice / ADA Accessibility
