Fully Renovated 16-Unit
For Sale
$2,050,000
5322 W Washington, Chicago, IL 60644
Sixteen-unit walkup with a three-bedroom, two-bedroom, and one-bedroom mix and recent water heater and plumbing updates.
Property Size15,500 SF
Days on Market50
Property Features for 5322 W Washington
General Information
Standard status
Active
Size
15,500 SF
Property subtype
Multifamily
Occupancy
100%
Additional Details
Cap Rate
10.29%
Highway Access
Yes
Multifamily Units
16
Building Details
Building Size
15,500 SF
Listing Agency:
(773) 293-5086
Listed By:
Jack Petrando · License #IL #475.185949
Source:
Kisergroup
Added: Jul 10
Changed: Aug 15
Last Checked: Aug 26 at 6:05AM
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 Jack Petrando
Investment Insights
Based on property information with market context.
This fully renovated, stabilized sixteen (16) unit walkup offers a unit mix of three (3) three-bedroom/one-bath homes, ten (10) two-bedroom/one-bath homes, and three (3) one-bedroom/one-bath homes. The asset is currently stabilized with a 100% subsidized tenant base and includes a new water heater (2026) alongside updated plumbing with copper and a new main line to the street.
The property is located roughly three (3) blocks from the CTA Laramie Green Line station and less than a mile from Interstate 290 for access to downtown Chicago. It is also approximately four (4) blocks from Columbus Park, which features fields, pools, and a golf course.
Overall, the building presents a well-defined residential income configuration with recent interior and major system upgrades intended to support day-to-day operations.
The property is located roughly three (3) blocks from the CTA Laramie Green Line station and less than a mile from Interstate 290 for access to downtown Chicago. It is also approximately four (4) blocks from Columbus Park, which features fields, pools, and a golf course.
Overall, the building presents a well-defined residential income configuration with recent interior and major system upgrades intended to support day-to-day operations.
Key Highlights
- 16‑unit walkup in Chicago’s Austin neighborhood
- Unit mix: three 3bd/1ba, ten 2bd/1ba, and three 1bd/1ba
- New water heater (2026)
Property Analytics
Current Use
Lease Details
16
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
950
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Sixteen-unit walkup with a three-bedroom, two-bedroom, and one-bedroom mix and recent water heater and plumbing updates.
Where is this apartment building located?
The property is located at 5322 W Washington Chicago, IL.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: 16‑unit walkup in Chicago’s Austin neighborhood; Unit mix: three 3bd/1ba, ten 2bd/1ba, and three 1bd/1ba; New water heater (2026)
