5357 W Waveland Avenue
Chicago, IL, 60641
$525,000
6 Beds
3 Baths
0 SqFt
0 Acres
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$525,000
5357 W Waveland Avenue
Chicago, IL, 60641
MLS #MRD12693206 image #0MLS #MRD12693206 image #1MLS #MRD12693206 image #2MLS #MRD12693206 image #3MLS #MRD12693206 image #4MLS #MRD12693206 image #5MLS #MRD12693206 image #6MLS #MRD12693206 image #7MLS #MRD12693206 image #8MLS #MRD12693206 image #9MLS #MRD12693206 image #10
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 31×126 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.

Property Details

Price:
$525,000
MLS #:
MRD12693206
Status:
Active
Beds:
6
Baths:
3
Type:
Multi Family
Neighborhood:
chiportagepark
Listed Date:
Aug 21, 2026
Year Built:
1922
Chi – Portage ParkChiportageparkGray Elementary SchoolSchurz High School

Schools

School District:
299
Elementary School:
Gray Elementary School
High School:
Schurz High School

Interior

Heating
Radiator(s)

Exterior

Construction Materials
Vinyl Siding, Brick
Fencing
Fenced
Garage Spaces
2
Lot Features
Corner Lot
Parking Features
Yes, Garage Owned, Detached, Garage
Parking Spots
2
Parking Total
2
Patio And Porch Features
Deck, Porch
Roof
Rubber

Financial

Tax Year
2024
Taxes
$9,044
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Debra Dobbs is one of Chicago’s top realtors with more than 42 years in the real estate business.

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Current real estate data for Multi Family in Chicago as of Nov 02, 2026
1,359
Multi Family Listed
78
Avg DOM
$530,153
Avg List Price

Community

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Property Summary

    5357 W Waveland Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60641. It is listed for $525,000 To schedule a showing of MLS#mrd12693206 at 5357 W Waveland Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
5357 W Waveland Avenue
Chicago, IL