$7,006 Closing Credit¹
#12208058, Roberto Rodriguez, Listing Office: Solaris Enterprises Inc
$625,000 List price
5033 W Washington Blvd Chicago, IL 60644
$7,422
Closing credit¹
10 beds
3 baths
0.10 acres
House
Property details
About 5033 W Washington Blvd
How would you like to own this perfectly rehabbed 3-unit building for just $1,578 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 $3,140 rental income that this building generates to reduce your monthly mortgage payment. Your mortgage payment is about $4,718 per month with a 5% down payment (or $31,250) based on a $625,000 purchase; this payment of $4,718 per month includes property taxes, homeowner's insurance and mortgage insurance. This brings your payment to just $1,578 per month (or $4,718 minus $3,140). 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, as outlined above, 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 to the living room and dining room area and both of these units are highlighted 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!
Highlights
Home typeResidential
HeatingNatural Gas
StatusActive
(New)
(New)
BasementYes
Lot size0.1 Acres
Year built1911
ParkingUnassigned, Off Alley, Off Street
MLS #12295460
WaterfrontFencing
Summary
- MLS Number: 12295460
- MLS Name: MRED
- Office Name: Peter Drossos Real Estate
- Office Phone: (773) 593-5626
- Listing Agent: Peter Drossos
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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Get an agent. Get a mortgage. Save big.¹
$625,000
5033 W Washington Blvd
$7,422
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 11, 2022 | Home Sold | $140,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2022 | $20,351 | $4,185 |
| 2020 | $13,813 | $3,077 |
| 2019 | $15,697 | $3,153 |
| 2018 | $15,697 | $3,100 |
| 2017 | $17,610 | $3,790 |
History based on county public records data.
Nearby schools
5
Liberty Elementary School
Public District PK-3
1.2 mi
•4946 W 13th St
5
Theodore Roosevelt Elementary School
Public District 4-6
1.5 mi
•1500 S 50th Ave
6
Henry Wadsworth Longfellow Elementary School
Public District PK-5
1.6 mi
•715 Highland Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $21,583. The majority of Chicago, IL residents have income less than $<35k annually. The majority of families are single, with kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
70%
<35k
26%
35k-100k
4%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
43%
Single, No Kids
46%
Single, with Kids
6%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
22%
<11 yrs old
13%
12-17 yrs old
25%
18-34 yrs old
31%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Where do the neighbors shop?
Foot Locker
H&M
Ross Dress For Less
Where do the neighbors go to eat?
Little Caesars
Boston Market
Jack In The Box
What do the neighbors drive?
Dodge
Honda
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5033 W Washington Blvd
This home is located at 5033 W Washington Blvd in Chicago, IL and zip code 60644 in the Austin neighborhood. Features: 10 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 21, 2025 and is currently priced at $625,000.
While more than 347 listings in Chicago, IL in January 2025 were sold above asking price, there were more than 238 listings sold at asking price, and more than 707 were sold below. Between December and January 2025, Chicago, IL real estate market has seen increase in the number of listings by 11.5%. The median list price of listings available in January 2025 was $369,009, while the average time on the real estate market was 41 days.
From Rocket Homes Real Estate and based on county public records data.