5527 Potomac Avenue, Austin, Chicago, Illinois 60651
$449,900
|
For Sale
|
|
| Status: | Active |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 5 |
| Baths: | 0 |
| Year Built: | 1918 |
| Property Taxes: | $4,863 |
| Days On Market: | 56 |
| Lot Size: | 0,00 |
Description
Don't miss this ideal investment opportunity-a professionally managed legal 2-flat with 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) The other two units are vacant and ready for showings. 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!
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1918 | |
| — | |
| — | |
| No | |
| 0 |
| Cook | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 12522579 | |
| 16041250080000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Disney Elementary School Magnet |
299 | — | |
|
Middle School
Young Elementary School |
299 | Not in DB | |
|
High School
Prosser Career Academy Senior Hi |
299 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 20 May, 2022 | Sold | $207,375 | MRED MLS |
| 21 Mar, 2022 | Under contract | $200,000 | MRED MLS |
| — | Last price change | $200,000 | MRED MLS |
| 22 Feb, 2022 | Listed for sale | $200,000 | MRED MLS |
| 22 Nov, 2025 | Listed for sale | $449,900 | MRED MLS |
Room Specifics
Total Bedrooms: 5
Bedrooms Above Ground: 5
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 3
Bathroom Amenities: Soaking Tub
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
| 2 | |
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| — | |
| — | |
| — | |
| 25X125 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2022 | $2,993 |
| 2025 | $4,863 |
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