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 DescriptionFinished, Exterior Access
Lot & Building Features
HeatingNatural Gas
Parking DescriptionSpace/s
SewerPublic Sewer
Tax Year2023
WaterLake Michigan, Public
Lot Dimensions25 X 125 ft
Community and Schools
Elementary School299
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.
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.
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