5527 West Potomac Avenue, Chicago, IL, 60651

$449,900

5

Beds

3

Baths

About 5527 West Potomac Avenue

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!

Additional Information: This property is located in the CHI - Austin neighborhood, IL. This 5 bedrooms two to four units property is priced at $449,900.

Facts & Features

MLS® # 12452123
Price $449,900
Bedrooms 5
Bathrooms 3.00
Taxes $4,863
Acres 0.00
Year Built 1918
Type Residential Income
Sub-Type Two to Four Units
Status Active

Community Information

Address 5527 West Potomac Avenue
Area CHI - Austin
City Chicago
County Cook
State IL
Zip Code 60651

Amenities

Parking Spaces 2
Parking No Garage, On Site, Garage Owned, Detached, Garage
# of Garages 2
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas
Fireplace No
Has Basement Yes
Basement Finished, Exterior Entry, Full, Walk-Out Access

Exterior

Exterior Brick
Roof Flat
Foundation Concrete Perimeter

School Information

District 299
Elementary Disney Elementary School Magnet
Middle Young Elementary School
High Prosser Career Academy Senior Hi

Additional Information

Days on Market 53
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No
Taxes $4,863

Listing Details

OfficeREMAX Legends
Contact InfoFrontadmin1@soldbylegends.com

Listing Map

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