5357 W Waveland Avenue, Chicago IL 60641
- Units 3
- Taxes $9,044
- Payment Estimate View Mortgage Calculator
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Property 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.
Features & Information
Key Details
- List Price $575,000
- Property Taxes $9,044
- Year Built 1922
- Status Active
- List Market Time 7
Units
-
Unit 1
- Floor G
- Rooms 4
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator, Hardwood Floors, Walk-In Closet
- Rent $1,050/mo
- Tenant Pays Electric
- Lease Expires MTM
-
Unit 2
- Floor 1
- Rooms 6
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator, Hardwood Floors
- Rent $1,260/mo
- Tenant Pays Electric
- Lease Expires MTM
-
Unit 3
- Floor 2
- Rooms 5
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator, Garage/Space, Hardwood Floors
- Rent $1,260/mo
- Tenant Pays Electric
- Lease Expires MTM
Exterior Features
-
Parking
- # of Cars: 2
Building Information
- Number of Units 3
- Age of Building 100+ Years
Location
- County Cook
- Township Jefferson
- Corporate Limits Chicago
- Directions to Property From Addison, North On Long To Waveland.
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
- School Name Schurz High School
-
Property Taxes
- Tax 9044
- Tax Year 2024
- Tax Exemptions None
- Parcel Identification Number 13211280010000
Listed by Ryan Douglas Wells for Keller Williams ONEChicago | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 8/28/2026 11:32 PM. 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 Portage Park
Portage Park is a peaceful and spacious northwest side Chicago neighborhood with an active business district, a number of good schools and affordable property that is steadily growing in popularity and homebuyer interest. The Six Corners intersection is the area's main commercial hotspot, but the entire neighborhood is infused with a wealth of little shops and specialty stores. There is no better way to experience what Portage Park has to offer than to sample the vast roster of restaurants, bar & grills, pizzerias, bakeries and delis. And you don't want to discount the neighborhood's notable network of parkland, headed up by the spacious grounds and Olympic-size swimming pool of the community's coveted namesake Portage Park.
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