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5527 W Potomac Avenue, Chicago, IL 60651

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For Sale

$460,000

5 beds

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • Over 50 Years Old
    Age

Explore this Property

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!
MLS# 12452123

Courtesy Of RE/MAX Legends

(630) 216-8000

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other

Map and Directions

Directions to 5527 W Potomac Avenue, Chicago, IL 60651

Home seller CENTURY 21 Dream Homes

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Dream Homes

(773) 472-6900
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Monthly Payment Breakdown

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Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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