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$460,000

Est. payment - /mo

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5 Beds

3 Baths

Open Sun 1PM-3PM

5527 W Potomac AVE Chicago, IL 60651

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

Open House

Sun Aug 24, 1:00pm - 3:00pm

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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

Lot Dimensions 25X125

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

Rooms

Basement Finished, Exterior Entry, Full, Walk-Out Access

Interior

Heating Natural Gas

Equipment CO Detectors, Water Heater-Gas

Fireplace N

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

Ownership Fee Simple

Special Listing Condition None

Listed by Kathy Szuba • REMAX Legends

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106