Multifamily Housing
5223 West Washington Boulevard Chicago, IL 60644
Details & Description
Price: $2,000,000
    Multifamily Investment Advisors at Keller Williams Commercial are pleased to present 5223 W. Washington Blvd., Chicago, IL 60644. The 17-unit multifamily is located in Chicago's Austin neighborhood. The unit mix includes (3) four-bedroom, one bathroom units, (5) three-bedroom, one-bathroom units, and (9) two-bedroom, one-bathroom units. The property is seven (7) miles west of the Loop, with easy access to I-290 expressway. The property, which was built in 1926, provides an opportunity for an investor to buy a turn-key asset. Austin is one of Chicago, Illinois's seventy-seven officially designated community areas. It is the third largest community area by population (after the Near North Side and Lake View) and the second largest physically (behind South Deering). East of Cicero Avenue, the Belt Railway forms the eastern limit of Austin. Milwaukee District / West Line forms its northernmost boundary. From the Belt Railway west to Austin Boulevard, its southernmost border is Roosevelt Road. The northernmost segment, north of North Avenue, abuts Elmwood Park and runs west to Harlem Avenue. Austin is surrounded by the suburbs of Elmwood Park, Cicero, and Oak Park.
    Listing Agents
    Tony Hardy

    O: 773-575-6082
    tonyhardy@kw.com
    Travis Montgomery

    O: 773-946-8816
    travis.m@kwcommercial.com
    Ariana Abercrumbie

    O: 312-216-2422
    M: 312-805-3756
    ariana@kwcommercial.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    5223 West Washington Boulevard

    Chicago, IL 60644

    Listing ID: 300303
    • 5223 West Washington Boulevard Chicago, IL 60644 | for Sale | Photo 1
    • 5223 West Washington Boulevard Chicago, IL 60644 | for Sale | Photo 2
    • 5223 West Washington Boulevard Chicago, IL 60644 | for Sale | Photo 3
    5223 West Washington Boulevard | for Sale | Thumbnail 1
    5223 West Washington Boulevard | for Sale | Thumbnail 2
    5223 West Washington Boulevard | for Sale | Thumbnail 3
    Building Size: 14,700 SF
    Lot Size: 0.140 AC
    Land Size: 6,098 SF
    Building $/SF: $136.05
    Land $/SF: $327.98
    Price
    $2,000,000
    Description

    Multifamily Investment Advisors at Keller Williams Commercial are pleased to present 5223 W. Washington Blvd., Chicago, IL 60644. The 17-unit multifamily is located in Chicago's Austin neighborhood. The unit mix includes (3) four-bedroom, one bathroom units, (5) three-bedroom, one-bathroom units, and (9) two-bedroom, one-bathroom units. The property is seven (7) miles west of the Loop, with easy access to I-290 expressway. The property, which was built in 1926, provides an opportunity for an investor to buy a turn-key asset. 

    Austin is one of Chicago, Illinois's seventy-seven officially designated community areas. It is the third largest community area by population (after the Near North Side and Lake View) and the second largest physically (behind South Deering). East of Cicero Avenue, the Belt Railway forms the eastern limit of Austin. Milwaukee District / West Line forms its northernmost boundary. From the Belt Railway west to Austin Boulevard, its southernmost border is Roosevelt Road. The northernmost segment, north of North Avenue, abuts Elmwood Park and runs west to Harlem Avenue. Austin is surrounded by the suburbs of Elmwood Park, Cicero, and Oak Park.

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    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Chicago History of Multifamily Housing for Sale

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    Chicago Area Market Trends

    Listing Demographics for 5223 West Washington Boulevard Chicago, IL 60644

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population45,597388,463978,200
    Population Median Age373636
    Population by Age0-9 Yrs6807 (14%)53378 (13%)120704 (12%)
    10-19 Yrs6017 (13%)56789 (14%)124628 (12%)
    20-29 Yrs6677 (14%)57116 (14%)164251 (16%)
    30-39 Yrs5588 (12%)55355 (14%)167003 (17%)
    40-49 Yrs5698 (12%)51134 (13%)128068 (13%)
    50-59 Yrs5001 (10%)45394 (11%)112314 (11%)
    60-69 Yrs5463 (11%)38973 (10%)89375 (9%)
    70+ Yrs4346 (9%)30325 (7%)71857 (7%)
    Median HH Income$29,753$47,442$59,630
    Total Household Income< 24K7473 (44%)37776 (28%)76150 (22%)
    25-49K4195 (24%)30973 (23%)72542 (21%)
    50-74K2363 (14%)21135 (15%)55150 (16%)
    75-99K1063 (6%)13462 (10%)40392 (11%)
    100-199K1460 (8%)21363 (16%)72455 (21%)
    200K+232 (1%)7541 (5%)27723 (8%)
    Highest Education LevelNo Diploma550052917126957
    Diploma or GED1123673389170480
    Some College739849167115164
    Assoc. Degree24111633740330
    Bachelors Degree196932564127961
    Higher Degree11502539481339
    Total Housing Units19,429150,330383,661
    --Owner-Occupied5,00558,021161,378
    --Renter-Occupied11,78074,228183,035
    Owner-Occupied Values< 100K1170617811427
    100-199K17031781937997
    200-299K13151698346951
    300-399K462731327312
    400-499K79378713459
    500K+276594124232
    Total Working Age Population34,816299,715781,473
    In Work Force19,570188,373521,245
    Not In Work Force15,245111,342260,228
    Workforce Employed16,218170,161485,036
    Workforce Unemployed3,35218,05935,950
    Civlian Workforce19,570188,220520,986
    Military Workforce0153259
    Total Households16,786132,249344,412
    Family Households9,34485,642210,020
    Non-Family Households7,44146,607134,392
    Married Couple3,13844,248127,744
    Other Family6,20741,39482,276
    Married w/Child1,46419,59954,581
    Single Male w/Child3203,8868,575
    Single Female w/Child2,47615,52328,910

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Illinois12,419,293+312,830,632+1214,316,487+615,138,849
    Cook County5,376,741-35,194,675+105,707,832+55,990,243

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 5223 West Washington Boulevard in Chicago?
    The asking price for 5223 West Washington Boulevard is $2,000,000
    What is the building size of this Multifamily property in Chicago, IL?
    The size of the building/unit at 5223 West Washington Boulevard in Chicago is 14,700 square feet
    How much land does the Chicago, IL property at 5223 West Washington Boulevard include?
    5223 West Washington Boulevard in Chicago includes 0.140 acres of land
    What is the population within 1 mile of 5223 West Washington Boulevard in Chicago?
    The population within 1 mile of 5223 West Washington Boulevard Chicago, IL 60644 is 45,597 people.
    Who do I contact for questions about 5223 West Washington Boulevard?
    You should contact the listing agent, Tony Hardy , for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Chicago Midway International Airport (MDW) 7
    Chicago O'Hare International Airport (ORD) 10
    Chicago Rockford International Airport (RFD) 72
    Price
    $2,000,000
    Listing Agent
    Listing Co-Agent
    Tony Hardy  - CRE Agent at

    Travis Montgomery

    Independent Agent
    Listing Co-Agent
    Tony Hardy  - CRE Agent at

    Ariana Abercrumbie

    Independent Agent
    More listings from Tony Hardy
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