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

5220 W Washington Boulevard, Chicago, IL 60644

Residents have access to on-site coin laundry and private off-street parking.

Property SizeContact for details
Days on Market11

Property Features for 5220 W Washington Boulevard

General Information

Standard status Active
Total Parking Spaces 7
Property subtype MULTI_FAMILY

Additional Details

Public Transit Yes
Multifamily Units 5

Taxes and HOA fees

Annual Taxes $4,642

Amenities

on-site coin-operated laundry

Building Details

Year Built 1960
Buildings 1
Construction full-brick
Listing Agency: john greene, Realtor
Listed By: Mine Beevis
Source: Harkinsandassociates
Added: Sep 25 Changed: Oct 3 Last Checked: Oct 4 at 2:37PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of john greene, Realtor

Investment Insights

Based on property information with market context.

This 1960 apartment property contains five units in a brick building. A private parking area accommodates up to 7 vehicles, and coin-operated laundry is available on site. Each apartment has its own hot water tank.

The property is at 5220 W Washington Boulevard in Chicago, approximately one mile from Downtown Oak Park and eight miles from Downtown Chicago. The garden apartment tenant pays their own utilities; the owner covers heat for the other four apartments, along with common-area electric, water, insurance, and real estate taxes.

Key Highlights

  • Five‑unit apartment building with full‑brick construction
  • Private parking for up to 7 vehicles
  • On‑site coin‑operated laundry

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

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 - Residents have access to on-site coin laundry and private off-street parking.
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: Five‑unit apartment building with full‑brick construction; Private parking for up to 7 vehicles; On‑site coin‑operated laundry
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