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Updated Two-Unit Building in Portage Park
For Sale
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5252 W Grace Street, Chicago, IL 60641

Updated 2-flat with modern amenities in a desirable location.

Property SizeContact for details
Days on Market194

Property Features for 5252 W Grace Street

General Information

Standard status Active
Property subtype Multifamily
Zoning RS-3

Building Details

Year Built 1914
Listing Agency: Compass
Listed By: John Kralovec · License #1015067
Source: Crexi
Added: Feb 12 Changed: Aug 8 Last Checked: Aug 8 at 6:31AM

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 Compass

Investment Insights

Based on property information with market context.

Located on a tree-lined block in Portage Park, this brick 2-flat is suitable for both owner-occupants and investors. Each of the two 2-bedroom, 1-bath units were updated in 2019. The units feature dark hardwood floors, in-unit laundry, living and dining rooms, and eat-in kitchens with white shaker cabinets and modern finishes. The bathrooms have white subway tile. Windows and HVAC systems were replaced as part of the 2019 renovation. A 2-car garage, flat roof, and a private backyard are included. The building is fully occupied with stable tenants. The second-floor unit is on a month-to-month lease. The property is located near parks, shops, restaurants, public transit, and I-90/94. This property is an investment opportunity in a Portage Park location.

Key Highlights

  • Fully updated in 2019: Both units feature updated kitchens and bathrooms, hardwood floors, in‑unit laundry, new windows and HVAC.
  • Excellent Location: Steps from parks, shops, restaurants, public transit, and I‑90/94.
  • Strong Rental Potential/Flexibility: Fully occupied with stable tenants; second‑floor unit has a month‑to‑month lease, ideal for owner‑occupancy or adjusting rents.

Property Analytics

Current Use

Duplexes

Suggested Use

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

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

Location Intelligence

Trade Area within ½ mile

1,520
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
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Frequently Asked Questions

What type of property is this?
Duplex - Updated 2-flat with modern amenities in a desirable location.
Where is this duplex located?
The property is located at 5252 W Grace Street Chicago, IL.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Fully updated in 2019: Both units feature updated kitchens and bathrooms, hardwood floors, in‑unit laundry, new windows and HVAC.; Excellent Location: Steps from parks, shops, restaurants, public transit, and I‑90/94.; Strong Rental Potential/Flexibility: Fully occupied with stable tenants; second‑floor unit has a month‑to‑month lease, ideal for owner‑occupancy or adjusting rents.
More about this property
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