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Listing provided courtesy of RE/MAX PremierMREDas Distributed by MLSGrid- MLS# 12657565MLS Provider

5840 W Roosevelt RoadChicago, IL 60644

Commercial
$449,900 Price Change

5840 W Roosevelt Road Overview

Time on Site:
34 days
Visits:
0

Well-maintained brick multi-unit property offering an excellent opportunity for investors or owner-occupants. This income-producing building features spacious units with functional floor plans, generous room sizes, and abundant natural light. Conveniently located near public transportation, shopping, restaurants, schools, parks, and major roadways, providing easy access throughout the city. Strong rental potential in an established neighborhood with continued investment and development. Whether expanding an investment portfolio or seeking a property with income-generating possibilities, this versatile building presents a great opportunity. Property is being sold As-Is. Schedule your showing today.

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5840 W Roosevelt Road Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 3000
  • Fuel Expense: 3500
  • Gross Income: 2000
  • Gross Scheduled Income: 24000
  • Insurance Expense: 2500
  • Trash Expense: 1000
  • Water Sewer Expense: 2500

Building Information

  • Year Built: 1928

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Austin

Tax Information

  • Tax Annual Amount: $5,275.00
  • Tax Year: 2024

General Information

  • Parcel Number: 16174110380000
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 25
  • Lot Size Square Feet: 4500

General Information

  • Number Of Units Total: 3

5840 W Roosevelt Road Neighborhood

Community

60644 (Chicago) Demographics

36
Median Age
13,070
Population Density (per sq. mile)
19%
College Educated
$28,033
Estimated Median Income
5,202
Estimated Total Home Owners
12,107
Estimated Total Renters
30% / 70%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5840 W Roosevelt Road Monthly Cost

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Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5840 W Roosevelt Road Market Data

Based on the last 30 days in this zip code

$312,454
Average List Price
$167
Average Price per Square Foot
10
Properties Sold
73
Average Days on Market
33
Properties for Sale
Calculations provided by Reliance Network

5840 W Roosevelt Road History

Date Event Value Agent
6/29/2026Source: MRED Price Reduction
$449,900 -9.8%
6/29/2026Source: MRED Status Change
Price Change
5/31/2026Source: MRED Status Change
Active
5/26/2026Source: MRED Added to Database
May 26, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022