Contract Out
11 beds

5848 W Irving Park Rd, Chicago, IL 60634

Multi FamilyProperty Type
0.07 acresLot Size
1964Year Built

Description

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...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!
16 days on Market
Last updated: 09/26/2026 01:41 PM • Source: MRED as distributed by MLS GRID, MLS#: 12754909
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Principal and Interest

$5,659

Property Taxes

$1,047

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Property Information for 5848 West Irving Park Road

Property Details

  • Taxes: $12,560 / year
  • MLS Type: Multi Family 5+ / Flats
  • County: Cook County
  • Area: CHI - Portage Park
  • Zoning: MULTI

Building Information

  • Stories: 2
  • Residences: 6
  • Year Built: 1964
  • Lot Size: 0.07 AC / 3,049 SF

General Information

Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
Owner
  • Owner Pays: Trash Collection, Water, Gas, Electricity, Insurance
Location and General Information
  • Frontage Type: City Street
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No

Property Information

Interior Features
  • Electric: Circuit Breakers
  • # Of Washers: 1
  • Heat/Ventilation: Central Heat/Indiv Controls,Gas,Baseboard
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • # Of Dryers: 1
  • Num of Baths: 6.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 25 X 125
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Building Area Total: 5786
  • # Of Ranges: 6
  • Conversion: N
Property and Assessments
  • Public Document Count: 0
  • Property Offered: For Sale Only
  • Photos Count: 45
  • Deconversion: N
  • OpenHouse Count: 0
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No

Multi Family

Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $900.00
  • Fuel Expense: $5,134.00
  • Gross Income: $103,200.00
  • Gross Scheduled Income: $106,200.00
  • Insurance Expense: $3,153.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Actual
  • Expense Year: 2026
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Other Expense Source: Actual
  • Repairs-Decor Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 8850
  • Water Expense Source: Actual
  • Net Operating Income: $79,289.00
  • Operating Expense: $26,911.00
  • Other Expense: $.00
  • Trash Expense: $2,345.00
  • Water Sewer Expense: $2,819.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 5
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 5848 West Irving Park Road

DateEvent & SourcePriceAppreciation
Sep 21, 2026

Contingent

MRED #12754909

—
Sep 15, 2026

Listed (Active)

MRED #12754909

$1,060,000—
DateEvent & SourcePrice
09/21/2026

Contingent

MRED #12754909

—
09/15/2026

Listed (Active)

MRED #12754909

$1,060,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

5848 West Irving Park Road

Baths

6

Total Finished SqFt

5,786 SqFt

Above Grade Finished SqFt

5,786 SqFt

Stories

2

Lot Size

3,125 SqFt

Style

Multi-Family Res (5+ Units)

Schools near 5848 West Irving Park Road

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 7 to 12
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Smyser Elementary School
PublicPK to 8

Taft High School
Public7 to 12

Rickover Naval Academy High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 09/26/2026 01:41 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.