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    5426 N Western Ave Chicago, IL 60625

    Sponsored
    For Sale
    $925,000

    MULTI_FAMILY - Chicago, IL

    Lot size:
    0.08 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 3 at 5:06 pm

    Property Features for 5426 N Western Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 2, Bedroom 7, Bedroom 6, Bathroom 3, Laundry Room, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Basement, Utility Room, Bedroom 5, Bathroom 1
    Bedrooms
    7
    Bathrooms
    3
    APN
    13122180140000
    Parking
    2
    Parking features
    Open, Garage
    Patio and Porch features
    Patio
    Fencing
    Fenced
    Basement
    Full, Finished
    Lot size
    0.08 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Baseboard
    Water source
    Public

    Building Details

    Year built
    1924
    Building materials
    Brick
    Roof type
    Flat

    We can help!

    Listing Contact
    Hayley Westhoff
    Hayley Westhoff

    Compass Real Estate

    Listing agent Hayley Westhoff (773) 729-0594

    Listing date Mar 3, 2026

    MLS# 12571983 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Renovated Multi-Family in Chicago

    Located in Chicago, this fully renovated, impeccably maintained, all-brick building at 5426 N Western offers two upgraded units with long-term value and a projected Cap Rate of 6.8%. The renovation, completed in 2023, includes new plumbing, electrical systems, two tankless water heaters, central heating and cooling systems, kitchens, baths, windows, doors, and lighting. Unit #1 is a 4-bedroom, 2-bath duplex down, designed as an owner's unit, featuring a new kitchen with stainless steel appliances, quartz counters, shaker cabinets, under cabinet lighting, floating shelves, glass cabinetry, and a picture window. It also includes updated baths, new flooring, a modern fireplace, custom closets, additional living space, a dedicated laundry room with a side-by-side washer/dryer and utility sink, and new 2023 central heat and air conditioning. This unit was most recently rented for $4,500 in 2025. Unit #2 is a 3-bedroom, 1-bath unit renovated with a new kitchen featuring stainless steel appliances, quartz counters, white shaker cabinets, and new lighting, plus an enclosed porch. It also features an in-unit washer/dryer, a contemporary fireplace, an updated bath, refinished floors, and new high-efficiency mini-split systems installed in 2025 for heating and cooling. Unit #2 is currently rented under market at $2,750 per month through January 2027. Additional features include an EV charger in the garage, excellent building condition, and a location near the shopping, dining, parks, and transit of Chicago's Lincoln Square, Ravenswood, and Andersonville communities. The property, situated on a 0.08-acre lot, is suitable for investors, owner-occupants, single-family home conversion, Airbnb, or multi-generational living.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.68971
    Latitude
    41.980319

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    FAQs

    What type of property is this?
    Duplex - Impeccably maintained, fully renovated multi-family property with income potential.
    Where is this duplex located?
    The property is located at 5426 N Western Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: - Fully renovated in 2023 with new plumbing, electrical, tankless water heaters, central heating/cooling, kitchens, baths, windows, doors, and lighting; - **Two upgraded units**: a 4BR/2BA duplex (potential owner's unit) and a 3BR/1BA unit, both with modern amenities; - **Projected 6.8% Cap Rate** and strong rental income potential, with Unit #1 recently rented for $4,500 and Unit #2 currently rented at $2,750/month
    (773) 729-0594
    Request Owner's contact information
    5426 N Western Ave Chicago, IL 60625
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    Chicago, IL 60625
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5426 N Western Ave Chicago, IL 60625
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    We can help!
    Listing Contact
    Hayley Westhoff
    Hayley Westhoff
    Real Estate License ID: 475160313
    (773) 729-0594 (312) 733-7201
    Learn more
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