CONTINGENT

Contingent

$1,060,000

Est. $7,285/mo —

•

6 ba

•

5,786

sq ft

5848 W Irving Park Rd, Chicago, IL 60634

About this home

EXCELLENT INVESTMENT OPPORTUNITY IN CHICAGO'S DESIRABLE PORTAGE PARK NEIGHBORHOOD! This well-maintained 6-UNIT BRICK BUILDING offers an attractive 7.48% CAP RATE and a strong combination of current income, desirable unit mix, and significant capital improvements. Built in 1964 and offering approximately 5,786 SQ FT, the property has been cared for by a LONG-TIME OWNER. The building features FIVE 2-BEDROOM / 1-BATH UNITS and ONE 1-BEDROOM / 1-BATH UNIT, with EACH UNIT FEATURING A DEDICATED DINING AREA. The property also includes 5 OFF-STREET PARKING SPACES in the rear-an important convenience for tenants and added value for an investor. Major improvements include REPLACEMENT WINDOWS, roof approximately 6 YEARS OLD ON THE EAST SIDE and 13 YEARS OLD ON THE WEST SIDE, a 6-YEAR-OLD BOILER, and 2-YEAR-OLD WATER HEATER. Interior improvements include 3 RENOVATED BATHROOMS and 1 RENOVATED KITCHEN. Located directly on IRVING PARK ROAD, residents enjoy convenient access to PUBLIC TRANSPORTATION, shopping, restaurants, neighborhood amenities, and nearby PORTAGE PARK. An attractive opportunity for an investor seeking a STABILIZED 6-UNIT PROPERTY WITH A 7.48% CAP RATE, established rental income, off-street parking, and important building improvements already completed. RARE PORTAGE PARK MULTIFAMILY INVESTMENT OPPORTUNITY!

Multi-familyProperty Type

1964Year Built

3,049 sq ftLot Size

$183Price/Sq.Ft.

Listed by Jaroslaw Jastrzebski • eXp Realty

Listing updated: Sep 26, 2026 at 01:41pm

Redfin checked: 3 minutes ago

•Source:MRED as Distributed by MLS Grid #12754909

Payment calculator

$7,285 per month

Principal and interest$5,929

Property taxes

$1,047

HOA dues

Home insurance

$309

Utilities

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Affordability tools

Open houses

No upcoming open houses.

Nearby open houses (10)

OPEN THU, 5PM TO 7PM
$1,395,000
3 beds2.5 baths3,200 sq ft
2659 N Greenview Ave, Chicago, IL 60614
OPEN FRI, 3PM TO 5PM
$250,000
2 beds2 baths1,230 sq ft
445 S Cleveland Ave #204, Arlington Heights, IL 60005
OPEN SAT, 11AM TO 2PM
$309,900
1 bed1 bath825 sq ft
400 E Randolph St #1223, Chicago, IL 60601
OPEN SAT, 11AM TO 1PM
$675,000
4 beds3.5 baths3,000 sq ft
4009 S Vincennes Ave, Chicago, IL 60653
OPEN SAT, 12PM TO 2PM
$995,000
5 beds3.5 baths3,000 sq ft
3319 S Prairie Ave, Chicago, IL 60616
OPEN SAT, 1PM TO 3PM
$550,000
2 beds2 baths1,426 sq ft
1530 S State St Unit 15K, Chicago, IL 60605
OPEN SAT, 1PM TO 3PM3D WALKTHROUGH
$390,000
1 bed1 bath900 sq ft
600 N Fairbanks Ct #1504, Chicago, IL 60611
OPEN SAT, 2PM TO 4PM
$400,000
2 beds2 baths— sq ft
5 E 14th Pl #1606, Chicago, IL 60605
OPEN SUN, 11AM TO 1PM
$449,900
3 beds2 baths1,556 sq ft
2831 Kensington Ave, Westchester, IL 60154
OPEN SUN, 12PM TO 6PMVIDEO TOUR
$1,050,000
5 beds3 baths— sq ft
3847 N Spaulding Ave, Chicago, IL 60618

Around this home

Schools

K - 12
Preschool & daycare

Smyser Elementary School

Public PreK-8 • Assigned • 0.6mi

5/10

Taft High School

Public 7-12 • Assigned • 2.3mi

6/10

Provided by GreatSchools

About Portage

Park

Portage Park, located between Irving Park Road and Belmont Avenue, is a residential and commercial Chicago neighborhood with a grand namesake park and a classic bungalow streetscape. The neighborhood’s character concentrates at Irving Park Road and Central Avenue, where taquerias, old-school bakeries, and corner taverns sit beside everyday storefronts. Brick Chicago bungalows and two-flats line calm blocks, while wider arterials carry steady city motion. Portage Park’s fieldhouse, pool, and broad lawns set the outdoor rhythm in warm months. Community pillars include the Patio Theater’s marquee, Community Tavern’s dining room, and the Six Corners Shops corridor’s long-running retail strip.

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Interior features
Some photos virtually staged

Bedrooms
Five units with mix of 2-bedroom and 1-bedroom layouts (unit breakdown below)

Bathrooms
Each unit has one full bathroom

Kitchen
Six ranges across the building (commercial-style or multiple unit ranges)

Laundry & utility
One washer and one dryer in the building
Washer/dryer are not leased

Heating & cooling
Central heat with individual controls
Gas heating
Baseboard heat

Sale and tax history for 5848 W Irving Park Rd

Sale History
Tax History

Year

Property tax

Land + Additions

Assessment*

2023

$8,997 (+2.6%)

$10,938 + $49,547

$60,485

2022

$8,771 (+2.3%)

$8,750 + $33,892

$42,642

2021

$8,575 (+16.6%)

$8,750 + $33,892

$42,642

2020

$7,354 (−4.4%)

$4,531 + $28,481

$33,012

2019

$7,692 (+1.7%)

$4,531 + $33,753

$38,284

2018

$7,562 (−10.1%)

$4,531 + $33,753

$38,284

2017

$8,412 (+7.5%)

$4,062 + $35,015

$39,077

2016

$7,827 (+9.3%)

$4,062 + $35,015

$39,077

2015

$7,160 (−1.9%)

$4,062 + $35,015

$39,077

2014

$7,297 (+2.0%)

$3,750 + $35,584

$39,334

2013

$7,153 (−3.8%)

$3,750 + $35,584

$39,334

2012

$7,437 (+10.6%)

$3,750 + $37,692

$41,442

2011

$6,724 (−0.4%)

$5,000 + $36,495

$41,495

2010

$6,752 (+4.4%)

$5,000 + $36,495

$41,495

2009

$6,470 (−10.1%)

$5,000 + $36,495

$41,495

2008

$7,198 (+17.0%)

$4,749 + $45,426

$50,175

2007

$6,152

$4,749 + $45,426

$50,175

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

3,125 Sq. Ft.

Year renovated

—

Finished Sq. Ft.

5,786

Unfinished Sq. Ft.

—

Total Sq. Ft.

5,786

Year built

1964

Style

Multi-Family (5+ Unit)

County

Cook County

APN

13174230350000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 15, 2026.

B3-1

Community Shopping District

The primary purpose of the B3, Community Shopping district is to accommodate a very broad range of retail and service uses, often in the physical form of shopping centers or larger buildings than found in the B1 and B2 districts. In addition to accommodating development with a different physical form than found in B1 and B2 districts, the B3 district is also intended to accommodate some types of uses that are not allowed in B1 and B2 districts. Development in B3 districts will generally be destination-oriented, with a large Percentage of customers arriving by automobile. Therefore, the supply of off-street parking will tend to be higher in B3 districts than in B1 and B2 districts. The B3 district permits residential dwelling units above the ground floor. The B3 district is intended to be applied to large sites that have primary access to major streets. It may also be used along streets to accommodate retail and service use types that are not allowed in B1 and B2 districts. The B3 district can be combined with the dash 1, dash 1.5, dash 2, dash 3 or dash 5 bulk and density designations (see Sec. 17-3-0401).

Permitted uses

Include but are not limited to:

Automotive repair garage
Day care facility
General retail
Restaurant
Housing-Senior
Mixed use
Office
Library
Post office
Veterinary clinic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 99° expected this year, 14 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

4/10 Air Factor

6 unhealthy days expected this year, 7 days in 30 years

Provided by First Street

Historical weather

Chicago, IL • 60634

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.3 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

10.3 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 5848 W Irving Park Rd

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Details provided by MRED as Distributed by MLS Grid and may not match the public record. Learn more.

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About this home

Payment calculator

Affordability tools

Open houses

Nearby open houses (10)

Around this home

Schools

Property details

Sale and tax history for 5848 W Irving Park Rd

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 5848 W Irving Park Rd

This home may not be allowing tours right now

Nearby similar homes

New listings for sale in 60634

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