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Tenant-Occupied Triplex with Garage
New
For Sale
$575,000

5357 W Waveland Avenue, Chicago, IL 60641

Residential Income, Chicago, IL

Property SizeContact for details
Lot Size0.09 Acres
Days on Market2

Property Features for 5357 W Waveland Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 4, Bathroom 2, Bathroom 3, Laundry Room, Den, Bedroom 3, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 2, Basement
Parking 2
Parking features Garage
Patio and Porch features Porch, Deck
Fencing Fenced
Basement Finished, Full, Partial, Exterior Entry
Lot features Corner Lot
Elementary school Gray Elementary School
High school Schurz High School
Elementary school district 299
Middle school district 299
High school district 299
Directions From Addison, north on Long to Waveland.
Subdivision CHI - Portage Park
Standard status Active
APN 13211280010000
Lot size 0.09 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 9044

Utilities

Sewer type Public Sewer
Heating system Other (Heating)

Amenities

fenced backyard

Building Details

Year built 1922
Building materials Vinyl Siding, Brick
Roof type Rubber
Listing Agency: Keller Williams ONEChicago · Keller Williams Realty
Listed By: Ryan Douglas Wells · License #475155636
Added: Aug 21 Last Checked: Aug 22 at 6:06PM
MLS# 12693206

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.

Built in 1922, this legal three-flat contains three two-bedroom units on a 31-by-126-foot lot. The property is occupied by tenants at closing and includes a two-car garage, fenced backyard, porch, and deck. Vinyl siding and brick comprise the exterior, while the building has a rubber roof and public sewer service. The property is conveyed as-is.

The home is located at 5357 W Waveland Avenue in Chicago’s Portage Park area, near the Montrose Blue Line, the #152 bus, Metra’s Mayfair stop, Six Corners shopping, and Chopin Park. Zoning is MULTI, and showings require a minimum of 48 hours’ notice.

Key Highlights

  • Legal three‑flat with three two‑bedroom units
  • 31‑by‑126‑foot lot
  • Two‑car garage and fenced backyard

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Acupuncture Hotel & Motel Skin Care Clinic Cosmetic Store Garden Center

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

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,219
Businesses Nearby

Demographics for 60641, IL

69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Triplex - Legal three-flat with three two-bedroom units, secured outdoor space, and established transit access.
Where is this triplex located?
The property is located at 5357 W Waveland Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Legal three‑flat with three two‑bedroom units; 31‑by‑126‑foot lot; Two‑car garage and fenced backyard
More about this property
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