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Wade Marshall

[email protected] +1(773) 450-1247

$ 625,000

Est. payment -/mo

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Active Under Contract

5316 W Pensacola AVE Chicago, IL 60641

5 Beds

3 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12774578

Bedrooms 5

Year Built 1925

Annual Tax Amount $11,005

Tax Year 2025

Lot Dimensions 30 X 125

Property Sub-Type Two to Four Units

Property Description

Rarely available and meticulously maintained by the same owners for over 25 years, this all-brick 2-flat with a finished in-law suite/garden unit in a highly sought-after Portage Park location offers an incredible turnkey opportunity for smart investors or live-in buyers. Boasting exceptional curb appeal on a generous 30 X 125 lot, this property radiates pride of ownership and lucrative investment potential. The first-floor unit (leased through 12/31/26) features a classic Chicago layout with a large living room, a separate formal dining room with gleaming hardwood floors, and a spacious eat-in kitchen equipped with stainless steel appliances, a gas stove, a dishwasher, and a large walk-in pantry. It also includes two bedrooms (with hardwood under the carpet), a dedicated office space, and a full bathroom. The top-floor unit (leased through 06/30/27) underwent a complete gut rehab in 2001 and is filled with abundance of natural light. It features beautiful hardwood floors throughout the extra-large living room, a separate formal dining room, and a modern, updated kitchen with custom cabinetry, stainless steel appliances, and a pantry. It also includes two bedrooms, a versatile bonus room perfect for a nursery, office or den, and an updated bathroom. The lower level includes the non-conforming finished in-law suite/garden unit featuring hardwood floors, a spacious living room, and a large eat-in kitchen - perfect for additional rental income (currently vacant). The shared basement area offers separate mechanical infrastructure with three individual electric panels, a 7-to-8-year-old hot water heater, radiator heating, and a common laundry area complete with two washers, two dryers, and a utility sink. Additional features include a beautifully manicured backyard ideal for summer entertaining, a detached two-car garage, and new windows (2000) with a lifetime warranty. Perfectly situated in a prime, highly sought-after location, this property offers unbeatable transit access, minutes to the Jefferson Park CTA Depot, Metra stop, and I-90/94 for effortless commutes to both O'Hare and downtown. Enjoy being steps away from iconic Portage Park, boasting its Olympic-sized pool, tennis courts, playgrounds, a dog park, and bike paths, alongside fantastic local restaurants and shopping. While currently generating reliable income, current rents are well below market value, presenting a massive value-add opportunity to capture the significantly higher rental rates this booming area commands. This property offers incredible flexibility for owner-occupants and investors alike. Neither the agent nor the seller represent the legality of the garden unit. Buyer to verify local zoning ordinances and building compliance. Don't miss your chance to own a well-maintained income-producing gem in Portage Park!

Location

State IL

County Cook

Area Chi - Portage Park

Rooms

Basement Partially Finished, Full

Interior

Heating Radiator(s)

Fireplace N

Exterior

Garage Spaces 2.0

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

Elementary Schools Portage Park Elementary School

Middle Schools Portage Park Elementary School

High Schools Schurz High School

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

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Listed by Marie Hirschle of Baird & Warner

NEARBY SCHOOLS & PROPERTIES

Wade Marshall

Real Estate Advisor License ID: 475.129060

+1(773) 450-1247

Wade Marshall

5316 W Pensacola AVE Chicago, IL 60641

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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5316 W Pensacola AVE