Properties

Features
: Natural Gas
: Full , Exterior Entry , Finished
: Wood , Fenced
: Deck
: Unassigned , Off Alley , Off Street , On Site , Owned
: Balcony
: Public Sewer
Address Map
US
IL
Cook
Chicago
60644
Washington
5033
Boulevard
W88° 12' 20.5''
N41° 52' 53.7''
Head north on Cicero Avenue, pass Madison Street, and then head west on Washington Boulevard to 5033.
CHI - Austin
W
MULTI
Neighborhood
299
299
299
Additional Information
: Tennis Court(s) , Park , Curbs , Street Paved , Sidewalks , Street Lights
: Brick
: Concrete Perimeter
25 X 125
: Public , Lake Michigan
Peter Drossos Real Estate
Peter Drossos
Financial
4293.88
Listing Information
29594
28406
Temporarily No Showings
2025-04-21T16:05:02Z
MRED
: None
2025-04-21T16:04:08Z
Property Description

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!

Residential Income For Sale

5033 W Washington Boulevard, Chicago, Illinois 60644

  • Bedrooms : 10
  • Bathrooms : 3
  • Lot Size: 0.10 Acre
$600,000
Listing ID#12316938
QR Code
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 12316938
Price : $600,000
Bedrooms : 10
Rooms : 23
Bathrooms : 3
Year Built : 1911
Lot Size : 0.10 Acre
Listing Status : Hold
Roof : Rubber
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