Chicago, IL 60651 5527 W Potomac Avenue

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Presented By: REMAX Legends
  • MLS# 12452123
  • 08/21/2025
  • Request Tour
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  • Beds • 5
  • Baths • 3
  • SQFT • 2,200
  • Garage • 2

Home Details

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!
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Interior Features for 5527 W Potomac Avenue

Bedrooms

Bedrooms Possible5
Total Bedrooms5

Bathrooms

BathroomSoaking Tub
Full Baths Building3
Half Baths Building
Total Baths3

Other Interior Features

BasementFinished, Exterior Entry, Full, Walk-Out Access
Total Number of Units2

Other Rooms

Room TypeEnclosed Porch

General for 5527 W Potomac Avenue

Additional Parcels Y/NNo
CityChicago
Community FeaturesCurbs, Gated, Sidewalks, Street Lights, Street Paved
Construction MaterialsBrick
CountyCook
DirectionsLARAMIE TO POTOMAC WEST TO PROPERTY.
Elementary SchoolDisney Elementary School Magnet
Elementary School District299
Garage Spaces2
HeatingNatural Gas
High SchoolProsser Career Academy Senior Hi
High School District299
MLS AreaCHI - Austin
Middle/Junior High SchoolYoung Elementary School
Middle/Junior School District299
ModificationTimestamp2025-10-14T00:06:01.761Z
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
RoofFlat
SewerPublic Sewer, Other
Standard StatusActive
StatusActive
Tax Annual Amount4862.78
Tax Year2023
Total Rooms14
TownshipWest Chicago
Year Built1918
ZoningMULTI

Exterior for 5527 W Potomac Avenue

Foundation DetailsConcrete Perimeter
Lot Dimensions25X125
Lot Size Acres
Other EquipmentCO Detectors, Water Heater-Gas
Parking FeaturesNo Garage, On Site, Garage Owned, Detached, Garage
Total Parking2
Water SourceLake Michigan
Waterfront Y/NNo

Additional Details

Price History

Schools

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

Client Care

Price $449,900
MLS#12452123
List Date 08/21/2025
Property Type Multi-Family
Phone 847.485.2500
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