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5416 W Waveland Avenue Chicago, IL 60641

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For Sale
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Four-unit building with upside potential in a residential area.

Type:Multifamily
Added:
Mar 11, 2026
Days on Market:
24
Last Refresh:
Mar 19 at 11:27 pm

Property Features for 5416 W Waveland Avenue

General Information

Standard status
Active
Property subtype
Multifamily

Building Details

Year Built
1924

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Listing Contact
Marty Piot

Listing agent Marty Piot License #IL

Listing office RE/MAX City

Listing date Mar 11, 2026

Source Crexi

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 RE/MAX City


Overview

Yellow Brick Four-Unit Building

This is a large, yellow brick four-unit building featuring two two-bedroom units and two one-bedroom units. It also includes a full basement, a four-car brick garage, and a good-sized yard. The building has a newer boiler, copper plumbing, and replacement windows. Recent brickwork and tuckpointing have been completed. The property is located on a quiet residential street mainly consisting of single-family homes. Long-term tenants occupy the units, with rents below market value, presenting a potential upside. The property is being sold as-is.
Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

Location Insight

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  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.7626265
Latitude
41.9481037

FAQs

What type of property is this?
Quadplex - Four-unit building with upside potential in a residential area.
Where is this quadplex located?
The property is located at 5416 W Waveland Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $649,500.
What are key features of this property?
This property features: Huge upside potential: rents are well below market, offering significant income growth opportunity.; Four‑unit building: features a mix of two‑bedroom and one‑bedroom units, maximizing rental income streams.; **Four‑car brick garage: provides valuable off‑street parking and potential additional income.**
More about this property
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