5357 W Waveland Avenue, Chicago, IL 60641

• 6 beds |
• 3 baths

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.

Listing Status:

Active

Data Last Updated:

August 24, 2026 at 8:19PM

Listing Office:

Keller Williams ONEChicago : 312-636-5832

Listing Agent:

Ryan Douglas Wells : 312-636-5832

MLS ID:

12693206

Interior

• Rooms: DenUtility Room-Lower Level
• Basement: FinishedExterior EntryPartial ExposureFull
• Heating: Radiator(s)

Exterior

• Parking: YesGarage OwnedDetachedGarageParking spaces: 2

Construction

• Roofing: Rubber

Location

• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: MULTI13211280010000
• Fencing: Fenced

Utilities

• Water: Lake Michigan
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple