5837 N Washtenaw Avenue, Chicago IL 60659
Property Description
Attention Investor and Rehabbers, exceptional value-add opportunity in the highly desirable Peterson Park/West Ridge neighborhood. This legal 3-unit building is being sold AS-IS. The third unit is legal, but unfinishedand offers tremendous upside for investors, developers, or owner-occupants looking to build equity. Over $95,000 in major improvements have already been completed, the basement has an approximately 7-foot ceiling height, new main support beams, new main sewer line, and separate gas and electric meters for each unit. The basement slab has been intentionally left open, allowing the next owner flexibility to install plumbing and electrical prior to completion. Each unit offers updated baths, newer laminate flooring, 6-panel doors, updated lighting, ceiling fans, refreshed kitchens, and newer vinyl windows throughout. The second-floor kitchen also features a skylight for added natural light. Enjoy a fenced yard with a cement block patio and a 2-car garage. The semi-finished garage includes flooring, faux brick walls, and a loft area, offering great potential for an office, studio, or man cave. Additional features include window A/C units, newer water heaters from 2019, and radiant heat for units 1 and 2. Conveniently located near shopping, Mather Park, and bus routes 84, 11, and 93.
Features & Information
Key Details
- List Price $649,900
- Property Taxes $10,601
- Year Built 1921
- Status Active
- List Market Time 61
Units
-
Unit 1
- Floor 1
- Rooms 1
- Beds 1
- Baths 0
- Appliances Accessible Entrance
- Rent $0/mo
- Tenant Pays None
- Lease Expires 0
-
Unit 2
- Floor 2
- Rooms 6
- Beds 3
- Baths 1
- Appliances Refrigerator, Dishwasher, Window Air Conditioner, Range Hood, Cooktop, Oven/Built-in
- Rent $2,400/mo
- Tenant Pays None
- Lease Expires Month
Exterior Features
-
Parking
- # of Cars: 2
Building Information
- Number of Units 2
- Age of Building 100+ Years
Location
- County Cook
- Township Jefferson
- Corporate Limits Chicago
- Directions to Property Peterson E Of Lincoln Ave To Washtenaw South To Piq
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 10601.08
- Tax Year 2024
- Parcel Identification Number 13014100080000
Listed by Eray Unsal for xr realty | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 8/24/2026 1:32 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore Arcadia Terrace
With a rich multicultural influence reflected in the eclectic dining scene, Arcadia Terrace is a quiet tree-lined residential pocket of Chicago that is experiencing new growth and a rebirth of interest, thanks to recent revitalization along Lincoln Avenue. As the neighborhood's main commercial drag, Lincoln Avenue is where you'll find most of the action in Arcadia Terrace. A string of Asian restaurants, plus an American eatery and a unique Eastern European café are popular places to grab a bite around here. But the food scene stretches to the neighborhood's northern border as well, where fondue and West Indian baked goods reign supreme. Other Arcadia Terrace tastes include pizza (this is Chicago) and Irish brews (again, this is Chicago!). The local, non-conventional markets make it a cinch to make meals at home, especially if you've got a recipe for traditional Chinese dishes.
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