5527 W Potomac AVE Open House Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60651
OPEN HOUSE
Sun Aug 24, 1:00pm - 3:00pm
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12452123
Bedrooms 5
Year Built 1918
Annual Tax Amount $4,862
Tax Year 2023
Property Sub-Type Two to Four Units
Property Description
Don't miss this ideal investment opportunity-a professionally managed legal 2-flat withs g a garden-level in-law unit in Chicago's growing Austin neighborhood. This classic brick building combines vintage charm with modern updates, making it a great fit for investors or owner-occupants alike. The property includes a 2-bed, 1-bath main-floor unit and a 3-bed, 1-bath upper unit with an enclosed porch that works perfectly as a den or third bedroom. The garden apartment is currently rented for $1,050/month to a dependable, long-term tenant. Combined with parking income ($130) One unit is currently vacant, and the second unit will be vacating at the end of the month-ideal for buyers looking to move in or set their own rents. Live in one unit, rent the others. Each unit features spacious layouts with hardwood floors, separate living and dining rooms, and eat-in kitchens. Extras include a fenced backyard, 2-car garage, recent interior updates (completed in early 2024), and low property taxes (no homeowner exemption currently applied). Located near major bus routes and expressways with a Walk Score of 78, this is a solid, flexible asset in a prime location. FHA buyers welcome. Schedule your showing today and make a smart move!
Location
State IL
County Cook
Area Chi - Austin
Zoning MULTI
Interior
Heating Natural Gas
Equipment CO Detectors,Water Heater-Gas
Exterior
Garage Spaces 2.0
Community Features Curbs,Gated,Sidewalks,Street Lights,Street Paved
Roof Type Flat
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer,Other
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
Elementary Schools Disney Elementary School Magnet
Middle Schools Young Elementary School
High Schools Prosser Career Academy Senior Hi
School District 299 ,299, 299
Others
Special Listing Condition None