5357 W Waveland Avenue
Chicago, IL 60641
6
Bed
3
Bath
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 respec
Property Details
Map
Map
Features
-
Bedroom Information
Total Bedroom: 6 Room Types: Den, Utility Room-Lower LevelBathroom Information
Total Baths: 3Room Information
Rooms Total: 15Interior Features
Roof: RubberRoofing Information
Rubber -
Flooring Information
Construction Materials: Vinyl Siding, Brick -
Heating & Cooling
Heating: Radiator(s) WaterSource: Lake Michigan
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Building Information
Year Built: 1922
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Lot Information
Lot Dimensions: 31x126 Lot Description: Corner Lot Lot Size: Oversized Chicago LotProperty Information
Property Type: Residential Income Sub Type: Two to Four Units
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Listing Price Information
Original List Price:$575000
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Tax Information
Annual Tax: $9044 Tax Year: 2024 Parcel Number: 13211280010000 Tax Exemption: None
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Virtual Tour
Parking Information
Total Parking: 2 Yes, Garage Owned, Detached, Garage Is Parking Included in Price: YesGarage Information
Garage Space: 2
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School Information
Elementary School: Gray Elementary School Senior High School: Schurz High School -
Utility Information
Sewer: Public Sewer Water Source: Lake Michigan -
Location Information
City: Chicago Direction: From Addison, north on Long to Waveland.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 3042 N Lowell Avenue, Chicago, IL, 60641 | $472,000 | 4 | 2 | 1,432 | 1,432 SqFt |
| 4426 W Hutchinson Street, Chicago, IL, 60641 | $625,000 | 3 | 3 | 2,611 | 2,611 SqFt |
| 3809 N Milwaukee Avenue.., Chicago, IL, 60641 | $425,000 | 2 | 3 | 1,658 | 1,658 SqFt |
| 4857 W Byron Street #103W, Chicago, IL, 60641 | $169,500 | 1 | 1 | 725 | 725 SqFt |
| 5500 W Warwick Avenue, Chicago, IL, 60641 | $284,900 | 3 | 1 | 1,008 | 1,008 SqFt |
| 5137 W Oakdale Avenue, Chicago, IL, 60641 | $559,999 | 5 | 4 | -- | |
| Undisclosed Address, Chicago, IL, 60641 | $689,000 | 8 | 3 | -- | |
| 4945 W Berenice Avenue, Chicago, IL, 60641 | $1,100,000 | 5 | 4 | 3,099 | 3,099 SqFt |
| 5310 W Wellington Avenue, Chicago, IL, 60641 | $499,900 | 5 | 3 | 1,909 | 1,909 SqFt |
| 4122 N Kostner Avenue, Chicago, IL, 60641 | $600,000 | 3 | 2 | 2,200 | 2,200 SqFt |
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ByOwner last updated this listing 08/27/2026 @ 06:20
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