About This Home

This 6-bedroom, 3-bathroom residential multi family at 5357 W Waveland Avenue in Chicago, IL is listed for $525,000. Built in 1922, on a N/A lot.

Key Features

  • Built in 1922
  • 2 parking spaces

Property Details

3 full
2-car garage
1922
Listing Description

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.

Monthly Cost Estimate

$2,808/mo

20% down · 6.5% · 30 years

Principal$380
Interest$2,275
Insurance$153

Estimates only. Actual payments may vary.

Location

5357 W Waveland Avenue

Chicago, IL 60641

Property Details

Construction

Vinyl Siding Brick

Outdoor Features

DeckPorch

Parking

Garage

Heating

Other (Heating)

Questions & Answers

This 6-bedroom, 3-bathroom residential multi family at 5357 W Waveland Avenue is listed at $525,000. The estimated monthly payment is $2,808 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1922, 2 parking spaces.

This property is listed by Ryan Douglas Wells.

RW

Ryan Douglas Wells

Agent at Keller Williams Chicago ONEChicago

Listed by Keller Williams Chicago ONEChicago · Broker phone: (312) 216-2422 · View on Broker Site · Broker website

MLS# 12693206· Source: Midwest Real Estate Data, LLC· 70 days on PropertySimple

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.

5357 W Waveland Avenue, Chicago, IL 60641

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