5033 W Washington Boulevard, Chicago, IL 60644

• 10 beds |
• 3 baths

Property Description

How would you like to own this perfectly rehabbed 3-unit building for just $777 per month? It is very possible. It is also very simple. You can obtain an owner-occupied conventional loan with only a 5% down payment and then use the $3,730 per month rental income that this building generates to reduce your monthly mortgage payment. Your mortgage payment is about $4,507 per month with a 5% down payment (or $31,500) based on a 6.125% interest rate as of 2/10/2026 at a $630,000 purchase price; this payment of $4,507 per month includes property taxes, homeowner's insurance and mortgage insurance. This brings your payment to just $777 per month (or $4,507 minus $3,730). And, the better part? This building is practically brand new with City of Chicago plans and permits. There is nothing to fix. And, the best part? Notice all the new construction in the area! Simply stated, this property has two strategies. First, you can live in one unit and rent out the other two units. Second, you can just keep the entire building as an investment property! The first floor unit and the second floor unit are nearly identical except that the first floor unit has three bedrooms and the second floor unit has four bedrooms and a front balcony. Other than that, the first floor and the second floor share the same distinctive features. Both of these units feature large windows that light up the living room and dining room area and both of these units are accentuated by tall ceilings, recessed lighting, a soft gray wall color, hardwood flooring, an in-unit washer and dryer, tastefully designed bathroom tile work and immaculate trim work. But wait. There is more. The kitchens are stunning with their light gray, shaker style kitchen cabinets, their stunning granite countertops and their stainless steel appliances. You will fall in love with both of these units! You will also love the garden unit! The garden unit features three bedrooms and a full bathroom; it also features a tall ceiling and a functional floor plan and, yet, another outstanding kitchen design. This awesome building is close to it all: schools, shopping, I-290 and transportation. It is a must see. It is a true armchair investment. A 10!

Listing Status:

Active

Data Last Updated:

February 13, 2026 at 11:18PM

Listing Office:

Peter Drossos Real Estate : 773-593-5626

Listing Agent:

Peter Drossos : 773-593-5626

MLS ID:

12564881

Interior

• Basement: FinishedExterior EntryFull
• Heating: Natural Gas

Exterior

• General: Balcony
• Other Structures: None
• Parking: UnassignedOff AlleyOff StreetYesOwnedParking spaces: 6

Construction

• Roofing: Rubber
• General: Concrete Perimeter

Location

• HOA Amenities: ParkTennis Court(s)CurbsSidewalksStreet LightsStreet Paved
• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: MULTI16094260060000
• Fencing: FencedWood

Utilities

• Water: Lake MichiganPublic
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple