Chicago, IL 60651 5527 W Potomac Avenue
$449,900



30 more






























Presented By: REMAX Legends
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!
Presented By: REMAX Legends
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

SQFT • 2,200