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Belmont Cragin Multifamily Investment Opportunity

5303 West George Street, Chicago, IL 60641

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For Sale

$899,000

Well-maintained 7-unit building with income potential in Belmont Cragin.

Type:Multi Family 5+ / Flats

Property size:

5,705 SF

Price / SF:

$157/SF

HighLights

Multi‑family building featuring 7 units, including two 2‑bed/1‑bath and four 1‑bed/1‑bath apartments.
Income‑producing property with upside potential.
Spacious units feature formal living and dining rooms.
Hardwood floors throughout.
Separate entrances to two parts of the basement.
Well‑maintained Weil‑McLain boiler.

We can help!

Listing Contact

Jacek Piktel

Learn more

For Sale

$899,000

Well-maintained 7-unit building with income potential in Belmont Cragin.

Type:Multi Family 5+ / Flats

Property size:

5,705 SF

Price / SF:

$157/SF

Added:: Oct 23, 2025
Days on Market:: 231
Last Refresh:: Mar 13 at 5:24 pm

Property Features for 5303 West George Street

General Information

Standard status: Active
Size: 5,705 SF
Property subtype: Multi Family 5+ / Flats

Building Details

Year Built: 1932

We can help!

Listing Contact

Jacek Piktel

Listing agent Jacek Piktel License #475148241

Listing office Coldwell Banker Realty

Listing date Oct 23, 2025

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All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty

HighLights

Multi‑family building featuring 7 units, including two 2‑bed/1‑bath and four 1‑bed/1‑bath apartments.
Income‑producing property with upside potential.
Spacious units feature formal living and dining rooms.
Hardwood floors throughout.
Separate entrances to two parts of the basement.
Well‑maintained Weil‑McLain boiler.

Overview

This well-maintained, yellow multi-family building is located in Belmont Cragin and contains 7 units. Above the ground level, there are two 2-bedroom/1-bath apartments and four 1-bedroom/1-bath apartments. The seventh unit is a nicely rehabbed 2-bedroom/1-bath apartment in the basement. The units are spacious, with formal living rooms and dining rooms, and feature hardwood floors throughout. There is currently one vacant unit. The building has 8 electric meters and boxes. Two hot water tanks and one Weil-McLain boiler are located in the mechanical room by a laundry room in the basement. The basement has two parts with 2 separate main entrances. This property offers good rental income with upside potential. The current rents are lower than fair market rents due to long-term tenants, presenting an immediate upside opportunity for a new owner employing upkeep management. The property size is 5705 square feet.

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Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.759925
Latitude: 41.932924

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For sale
Apartment buildings
IL
Chicago
60641
5303 West George Street

What type of property is this?

Apartment building - Well-maintained 7-unit building with income potential in Belmont Cragin.

Where is this apartment building located?

The property is located at 5303 West George Street Chicago, IL.

What is the asking price?

The asking price for this property is $899,000.

What are key features of this property?

This property features: Multi‑family building featuring 7 units, including two 2‑bed/1‑bath and four 1‑bed/1‑bath apartments.; Income‑producing property with upside potential.; **Spacious units feature formal living and dining rooms.**