5527 W Potomac Avenue, Chicago, IL 60651
5527 W Potomac Avenue
$449,900
5 beds
1918 BUILT
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!

Area & Lot

Status
For Sale
MLS® ID
12452123
Type
Multi-Family
Year Built
1918
Elementary School
Disney Elementary School Magnet
Middle School
Young Elementary School
High School
Prosser Career Academy Senior Hi
School District
299

Interior

Bedrooms
5
Total Bathrooms
3

Exterior

Garage Space
2.0
Water Source
Lake Michigan
Roof
Flat
Parking
No Garage, On Site, Garage Owned, Detached, Garage
Heat Type
Natural Gas
Sewer
Public Sewer, Other
Substructure
Concrete Perimeter

Financial

Sales Price
$449,900
Real Estate Tax
$4,863/yr
Zoning
MULTI

Property Images

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