5316 W Pensacola Avenue

Chicago, IL60641

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 a finished in-law suite/garden unit featuring hardwood floors, a spacious living room, and a large eat-in kitchen - perfect for additional rental income. 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 three-unit property offers incredible flexibility for owner-occupants and investors alike. 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!

Listing Courtesy of MRED as distributed by MLS Grid of Baird & Warner



Based on information submitted to the MLS GRID as of 2026-10-03 01:23 PM UTC. 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.
Last checked: 2026-10-03 01:23 PM UTC
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