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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
Added:
Oct 23, 2025
Days on Market:
175
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

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Listing Contact
Jacek Piktel

Listing agent Jacek Piktel License #475148241

Listing office Coldwell Banker Realty

Listing date Oct 23, 2025

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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 Coldwell Banker Realty


Overview

Belmont Cragin Multifamily Investment Opportunity

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.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

Location Insight

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City
Chicago
County
Cook
State
Illinois
Longitude
-87.759925
Latitude
41.932924

FAQs

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.**
More about this property
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