5316 W Pensacola Avenue
Chicago, IL, 60641
$625,000
5 Beds
3 Baths
0 SqFt
0 Acres
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MLS #MRD12774578 image #0
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!

Property Details

Price:
$625,000
MLS #:
MRD12774578
Status:
Active
Beds:
5
Baths:
3
Type:
Multi Family
Neighborhood:
chiportagepark
Listed Date:
Oct 2, 2026
Year Built:
1925
Chi – Portage ParkChiportageparkPortage Park Elementary SchoolPortage Park Elementary SchoolSchurz High School

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Schools

School District:
299
Elementary School:
Portage Park Elementary School
Middle School:
Portage Park Elementary School
High School:
Schurz High School

Interior

Heating
Radiator(s)

Exterior

Construction Materials
Brick
Garage Spaces
2
Parking Features
Yes, Garage Owned, Detached, Garage
Parking Spots
2
Parking Total
2

Financial

Tax Year
2025
Taxes
$11,005

Map

Community

Market Summary

Current real estate data for Multi Family in Chicago as of Oct 09, 2026
1,363
Multi Family Listed
76
Avg DOM
$526,363
Avg List Price

Property Summary

    5316 W Pensacola Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60641. It is listed for $625,000

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