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Three-Unit Multifamily Property
New
For Sale
$449,900

5263 S Central Avenue, Chicago, IL 60638

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market3

Property Features for 5263 S Central Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 3
Parking features Offsite, Off Alley
Elementary school district 299
Middle school district 299
High school district 299
Directions Archer Ave to central . North on central to address
Subdivision CHI - Garfield Ridge
Standard status Active
APN 19093080220000

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 6263

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Water source Public

Building Details

Year built 1912
Building materials Aluminum Siding
Listing Agency: HomeSmart Realty Group · HomeSmart International
Listed By: Orlando Alvarez · License #475143392
Added: Oct 8 Changed: Oct 10 Last Checked: Oct 10 at 3:06PM
MLS# 12780323

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 three-unit property includes two separate apartments, each arranged with two bedrooms and one bathroom, plus a studio-style unit above the second floor. The upper space has its own kitchen and bathroom. The frame building has aluminum siding, natural gas heat, and was built in 1912. Public water and sewer serve the property. An exterior parking area accommodates up to six vehicles.

The property is a short drive from Midway Airport, local transit, schools, and parks. The mix of two-bedroom apartments and a separate studio provides distinct living spaces within one multifamily building.

Key Highlights

  • Two separate apartments, each with 2 bedrooms and 1 bathroom
  • Upper‑level studio has its own kitchen and bathroom
  • Exterior parking area accommodates up to 6 vehicles

Property Analytics

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Current Use

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Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Gym & Fitness 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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

662
Businesses Nearby

Demographics for 60638, IL

56,928
Population
21,636
Households
2.6
Avg Household Size
39
Median Age
24%
College-Educated
84%
High-School Grad
11.1 sq mi
ZIP Area
5,129
Density / Sq Mi
$89,191
Median Household Income
$50,902
Median Earnings
$1,327
Median Rent
$283,500
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?
Triplex - Two full apartments and an upper-level studio are complemented by an exterior area for vehicle parking.
Where is this triplex located?
The property is located at 5263 S Central Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two separate apartments, each with 2 bedrooms and 1 bathroom; Upper‑level studio has its own kitchen and bathroom; Exterior parking area accommodates up to 6 vehicles
More about this property
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