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Five-Unit Brick Apartment Building
For Sale
$415,000

5220 W Washington Boulevard, Chicago, IL 60644

Commercial Sale, Chicago, IL

Property SizeContact for details
Lot Size0.10 Acres
Days on Market57

Property Features for 5220 W Washington Boulevard

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 5
Bathrooms 5
Full bathrooms 5
Rooms Bathroom 2, Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 2, Bathroom 5
Basement Exterior Entry
Directions Washington W or E to Laramie to 5220 West
Subdivision CHI - Austin
Standard status Active
APN 16093130860000
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 6284

Amenities

on-site coin-operated laundry

Building Details

Year built 1960
Floors in Building 2
Number of units 5
Building materials Brick, Concrete, Steel Siding, Stone
Roof type Rubber
Listing Agency: john greene, Realtor
Listed By: Mine Beevis
Added: Jul 27 Changed: Sep 13 Last Checked: Sep 21 at 11:06PM
MLS# 12715119

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 5-unit apartment building at 5220 W Washington Boulevard in Chicago is a brick-construction multifamily asset built in 1960. The property includes five apartments, a private parking lot with capacity for up to 7 vehicles, and coin-operated laundry on site. Each unit has its own hot water tank, supporting separate unit-level service arrangements.

The property sits on 0.1 acres and carries MULTI zoning. The owner currently covers heat for four units, along with common-area electric, water, insurance, and real estate taxes. The garden unit tenant pays that unit’s utilities directly. The building also features a rubber roof and includes five bedrooms and five bathrooms in the reported room inventory.

Key Highlights

  • 5‑unit apartment building constructed in 1960
  • Full‑brick construction on a 0.1‑acre site
  • Private parking lot accommodates up to 7 vehicles

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Gym & Fitness Center Dental Office (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,132
Businesses Nearby

Demographics for 60644, IL

47,239
Population
20,619
Households
2.3
Avg Household Size
36
Median Age
11%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
13,497
Density / Sq Mi
$37,952
Median Household Income
$31,304
Median Earnings
$1,096
Median Rent
$238,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with private parking, on-site laundry, and individually separated hot water systems.
Where is this apartment building located?
The property is located at 5220 W Washington Boulevard Chicago, IL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 5‑unit apartment building constructed in 1960; Full‑brick construction on a 0.1‑acre site; Private parking lot accommodates up to 7 vehicles
More about this property
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