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Multifamily Building with In-Law Arrangement

5618 N Major Avenue, Chicago, IL 60646

For Sale
$540,000
Under Contract

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market20

Property Features for 5618 N Major Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 5, Basement, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 6, Bedroom 3, Bedroom 2
Parking 2
Parking features Garage
Patio and Porch features Porch
Basement Finished, Full
Elementary school district 299
Middle school district 299
High school district 299
Directions Milwaukee to Bryn Mawr left on Major
Subdivision CHI - Jefferson Park
Standard status Active Under Contract
APN 13054310300000

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7390

Utilities

Sewer type Public Sewer
Heating system Space Heater, Forced Air
Water source Public

Building Details

Year built 1925
Building materials Aluminum Siding, Vinyl Siding
Roof type Asphalt
Architectural style Queen Anne
Listing Agency: RE/MAX City · RE/MAX International
Listed By: Martha Lozano · License #475142753
Added: Oct 19 Changed: Oct 28 Last Checked: Nov 7 at 1:06PM
MLS# 12788881

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.

Rey
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Investment Insights

Based on property information with market context.

This 1925 multifamily property has two bedrooms and one bathroom on each floor. The finished basement provides additional living space in an in-law arrangement, with two bedrooms and a full bathroom. Room details indicate six bedrooms and three bathrooms overall. A garage and porch are also part of the property, which is served by public water and sewer.

The building is tenant-occupied, and all leases are month to month. Showings are available.

Key Highlights

  • Six bedrooms and three bathrooms across the building
  • Finished basement with a two‑bedroom, one‑bathroom in‑law arrangement
  • Two bedrooms and one bathroom on each floor

Property Analytics

Who owns this building? See the owner, sales and loan history
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Location Intelligence

Trade Area within ½ mile

1,126
Businesses Nearby

Demographics for 60646, IL

28,383
Population
11,636
Households
2.4
Avg Household Size
44
Median Age
58%
College-Educated
95%
High-School Grad
4.4 sq mi
ZIP Area
6,451
Density / Sq Mi
$111,115
Median Household Income
$66,105
Median Earnings
$1,241
Median Rent
$493,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Multifamily properties in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Finished lower-level living space adds two bedrooms and a full bathroom to the building’s floor-by-floor residential layout.
Where is this multifamily property located?
The property is located at 5618 N Major Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Six bedrooms and three bathrooms across the building; Finished basement with a two‑bedroom, one‑bathroom in‑law arrangement; Two bedrooms and one bathroom on each floor
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