Residential Income for Sale: 5033 W Washington, Chicago, IL 60644

10 beds
$625,000
$625,000
5033 W Washington, Chicago, IL 60644
10 beds
$625,000
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Price:
$625,000

Type Residential Income
Beds 10
Lot Size 0.10 acres
Year Built 1911

City Chicago
County Cook
School District 299

MLS 12286466
Status Active
How would you like to own this perfectly rehabbed 3-unit building for just $1,578 per month? It is very possible. It is also very simple. You can obtain an owner-occupied conventional loan with only a 5% down payment and then use the $3,140 rental income that this building generates to reduce your monthly mortgage payment. Your mortgage payment is about $4,718 per month with a 5% down payment (or $31,250) based on a $625,000 purchase; this payment of $4,718 per month includes property taxes, homeowner's insurance and mortgage insurance. This brings your payment to just $1,578 per month (or $4,718 minus $3,140). And, the better part? This building is practically brand new with City of Chicago plans and permits. There is nothing to fix. And, the best part? Notice all the new construction in the area! Simply stated, this property has two strategies. First, as outlined above, you can live in one unit and rent out the other two units. Second, you can just keep the entire building as an investment property! The first floor unit and the second floor unit are nearly identical except that the first floor unit has three bedrooms and the second floor unit has four bedrooms and a front balcony. Other than that, the first floor and the second floor share the same distinctive features. Both of these units feature large windows that light up to the living room and dining room area and both of these units are highlighted by tall ceilings, recessed lighting, a soft gray wall color, hardwood flooring, an in-unit washer and dryer, tastefully designed bathroom tile work and immaculate trim work. But wait. There is more. The kitchens are stunning with their light gray, shaker style kitchen cabinets, their stunning granite countertops and their stainless steel appliances. You will fall in love with both of these units! You will also love the garden unit! The garden unit features three bedrooms and a full bathroom; it also features a tall ceiling and a functional floor plan and, yet, another outstanding kitchen design. This awesome building is close to it all: schools, shopping, I-290 and transportation. It is a must see. It is a true armchair investment. A 10!

Room Features

Basement Description Finished, Exterior Access

Lot & Building Features

Heating Natural Gas
Parking Description Space/s
Sewer Public Sewer
Tax Year 2023
Water Lake Michigan, Public
Lot Dimensions 25 X 125 ft

Community and Schools

Elementary School 299

Price History of 5033 Washington, Chicago, IL

Date Name Price Difference
12/31/1969 Listing Price $625,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By


Photo of Carol Molnar
Direct: 708-227-3388
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Peter Drossos Real Estate, Peter Drossos
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5033 Washington (MLS #12286466) is a residential income listing located in Chicago, IL. This residential income listing on a lot of 4,356 sqft (or 0.10 acres) with 10 bedrooms, 3 baths and is 100+ Years years old. This property was listed on 02/07/2025 and has been priced for sale at $625,000.

Nearby zip codes are 60302, 60304, 60624, 60651 and 60804. This property neighbors other cities such as Cicero and Oak Park.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Peter Drossos Real Estate