Exceptional value-add opportunity in the highly desirable Peterson Park/West Ridge neighborhood. This legal 3-unit building is being sold AS-IS and offers tremendous upside for investors, developers, or owner-occupants looking to build equity. Over $95,000 in major improvements have already been completed, including a full basement excavation with approximately 7-foot ceiling height, new main support beams, new main sewer line, and separate gas and electric meters for each unit. The basement slab has been intentionally left open, allowing the next owner flexibility to install plumbing and electrical prior to completion. The property currently generates approximately $5,000 per month from two occupied units, providing immediate income while completing renovations. Each unit offers updated baths, newer laminate flooring, 6-panel doors, updated lighting, ceiling fans, refreshed kitchens, and newer vinyl windows throughout. The second-floor kitchen also features a skylight for added natural light. Enjoy a fenced yard with a cement block patio and a 2-car garage. The semi-finished garage includes flooring, faux brick walls, and a loft area, offering great potential for an office, studio, or man cave. Additional features include window A/C units, newer water heaters from 2019, and radiant heat for units 1 and 2. Conveniently located near shopping, Mather Park, and bus routes 84, 11, and 93.
Property Details
Price:
$649,900
MLS #:
MRD12679368
Status:
Active
Beds:
8
Baths:
3
Type:
Multi Family
Subdivision:
Arcadia Terrace
Neighborhood:
chiwestridge
Listed Date:
Jun 16, 2026
Year Built:
1921
See this Listing
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air, Steam, Radiant
Exterior
Architectural Style
Brownstone
Community Features
Park, Curbs, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Garage Spaces
2
Parking Features
Yes, Garage Owned, Detached, Garage
Parking Spots
2
Parking Total
2
Patio And Porch Features
Patio
Roof
Tar/Gravel, Flat
Financial
Tax Year
2024
Taxes
$10,601
Map
Community
- Address5837 N Washtenaw Avenue Chicago IL
- SubdivisionArcadia Terrace
- CityChicago
- CountyCook
- Zip Code60659
Market Summary
Current real estate data for Multi Family in Chicago as of Jun 17, 2026
1,400
Multi Family Listed
80
Avg DOM
$531,362
Avg List Price
Property Summary
- Located in the Arcadia Terrace subdivision, 5837 N Washtenaw Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60659. It is listed for $649,900
Similar Listings Nearby

Copyright 2026. All rights reserved.
5837 N Washtenaw Avenue
Chicago, IL


