5342 W Newport Avenue
Chicago, IL, 60641
$585,500
5 Beds
3 Baths
0 SqFt
0 Acres
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$585,500
5342 W Newport Avenue
Chicago, IL, 60641
MLS #MRD12620354 image #0MLS #MRD12620354 image #1MLS #MRD12620354 image #2MLS #MRD12620354 image #3MLS #MRD12620354 image #4MLS #MRD12620354 image #5MLS #MRD12620354 image #6MLS #MRD12620354 image #7MLS #MRD12620354 image #8MLS #MRD12620354 image #9MLS #MRD12620354 image #10MLS #MRD12620354 image #11MLS #MRD12620354 image #12MLS #MRD12620354 image #13MLS #MRD12620354 image #14MLS #MRD12620354 image #15MLS #MRD12620354 image #16MLS #MRD12620354 image #17MLS #MRD12620354 image #18MLS #MRD12620354 image #19MLS #MRD12620354 image #20MLS #MRD12620354 image #21MLS #MRD12620354 image #22
Rarely available, traditional two-unit brick building located in the highly sought-after Portage Park neighborhood, just half a block from Chopin Park and within walking distance to the vibrant Central and Belmont business district and the Portage Park Olympic Pool. This owner-occupied property offers an excellent opportunity for both homeowners and investors. Each of the main and second-floor units features two generously sized bedrooms plus a tandem room adjacent to the second bedroom, ideal for an office, nursery, or additional living space. Both units include formal living and dining rooms showcasing well-maintained original woodwork and decorative fireplaces. The second-floor unit boasts hardwood floors throughout. The spacious eat-in kitchens are equipped with 42-inch cabinets, ample natural light and included appliances with plenty of room for a kitchen table. There is a in unit washer dryer in bathroom. Enclosed porches on both levels provide additional living or storage space. The fully finished basement, accessible via two exterior entrances, features modern 12×24 gray ceramic tile throughout, one large bedroom with a spacious closet, a full bathroom with a stand-up shower, and a summer kitchen. Additional basement amenities include a dedicated laundry area with utility sink and a 9×10 workroom that can easily be converted into an extra bedroom or home office. Situated on an oversized 32×125 lot, the property offers a generous backyard complete with a large pool (included) and a newer oversized 2.5-car garage with abundant storage. A wrought iron gate encloses a concrete patio-perfect for outdoor entertaining or potential carport use. This well-maintained building offers solid construction with great bones and is ready for your updates and personal touch. With strong rental potential and continued development in the surrounding area, this is an excellent opportunity for first-time buyers, multi-generational living, or investors looking to expand their portfolio. Conveniently located just minutes from shopping, dining, parks,schools and transportation. Don’t miss this exceptional opportunity.

Property Details

Price:
$585,500
MLS #:
MRD12620354
Status:
Active
Beds:
5
Baths:
3
Type:
Multi Family
Neighborhood:
chiportagepark
Listed Date:
May 5, 2026
Year Built:
1924
TraditionalPoolChi – Portage ParkChiportagepark

Schools

School District:
299

Interior

Heating
Radiator(s)

Exterior

Architectural Style
Traditional
Construction Materials
Brick
Fencing
Fenced
Garage Spaces
2.5
Parking Features
Garage Door Opener, Garage, Yes, Garage Owned, Detached
Parking Spots
25
Parking Total
2.5
Patio And Porch Features
Porch
Roof
Rubber

Financial

Tax Year
2024
Taxes
$7,578
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Multi Family in Chicago as of May 05, 2026
1,356
Multi Family Listed
78
Avg DOM
$514,138
Avg List Price

Community

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Property Summary

    5342 W Newport Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60641. It is listed for $585,500 To schedule a showing of MLS#mrd12620354 at 5342 W Newport Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
5342 W Newport Avenue
Chicago, IL