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Active
Price cut: $50K (10/20)
$525,000

5357 W Waveland Ave, Chicago, IL 60641

6beds
--sqft
: 
$4,065/mo
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Multi Family
Built in 1922
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA

What's special

Tucked into Portage Park, this rare legal three-flat has been generating steady income for years and comes fully tenant-occupied from closing. Built in 1922 on a generous 31x126 lot, it offers three two-bedroom units, a two-car garage, and a fenced backyard, giving an investor solid fundamentals to build on or a house-hacker room to move into one unit while the others help carry the mortgage. This property offers the new owner has real flexibility, whether that means adjusting rents to market or eventually settling into one of the units. The location does a lot of the work here too, maximizing rentability, just steps from the Montrose Blue Line, the #152 bus, Metra's Mayfair stop, and the shops around Six Corners, with Chopin Park close by. Interior photos are being held back out of respect for current residents, but are available on request through the listing agent, who's happy to arrange a private tour. Please allow a minimum 48 hrs' notice for showings. Property is being conveyed as-is.
79 days
292
22

Zillow last checked:

Listing updated:

Listed by:

Ryan Douglas Wells 312-636-5832,

Keller Williams ONEChicago

Source: MRED as distributed by MLS GRID,MLS#: 12693206MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    Rooms
    • Room types: Den, Utility Room-Lower Level
    Heating
    • Radiator(s)
    Features
    • Basement: Finished,Exterior Entry,Partial Exposure,Full
    Video & virtual tour

    Property

    Parking
    • Total spaces: 2
    • Parking features: Yes, Garage Owned, Detached, Garage
    • Garage spaces: 2
    Features
    • Patio & porch: Deck, Porch
    • Fencing: Fenced
    Lot
    • Size: 3,906 Square Feet
    • Dimensions: 31x126
    • Features: Corner Lot
    Details
    • Parcel number: 13211280010000
    • Zoning: MULTI
    • Special conditions: List Broker Must Accompany
    • Other equipment: Ceiling Fan(s)

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding, Brick
    • Roof: Rubber
    Condition
    • New construction: No
    • Year built: 1922

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Lake Michigan

    Community & HOA

    Community
    • Security: Carbon Monoxide Detector(s)
    Location
    • Region: Chicago

    Financial & listing details

    • Annual tax amount: $9,044
    • Date on market: 8/21/2026
    • Ownership: Fee Simple

      Estimated market value

      Not available

      Estimated sales range

      Not available

      Not available

      Price history

      DateEventPrice
      10/20/2026Price change$525,000-8.7%
      Source: MRED as distributed by MLS GRID #12693206 Report a problem
      8/21/2026Listed for sale$575,000
      Source: MRED as distributed by MLS GRID #12693206 Report a problem
      9/8/2020Listing removed$900
      Source: Zillow Rental Manager Report a problem
      8/20/2020Price change$900-5.3%
      Source: Zillow Rental Manager Report a problem
      7/23/2020Listed for rent$950
      Source: Zillow Rental Manager Report a problem

      Public tax history

      Tax history is unavailable.

      Monthly payment

      Est. payment

      Payment breakdown

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      All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
      HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
      See how much you could borrow to make a competitive offer.

      Climate risks

      Neighborhood: Portage Park

      Getting around

      74 / 100
      Very Walkable
      59 / 100
      Good Transit
      66 / 100
      Bikeable

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • Elementary: Gray Elementary School
      • High: Schurz High School
      • District: 299

      Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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