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5527 W Potomac Avenue

5527 W Potomac Avenue, Chicago, IL 60651

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!

Features & Amenities

Interior

Total Bedrooms 5
Total Bathrooms 3

Exterior

Garage Space 2.0
Water Source Lake Michigan
ROOF Flat
Parking No Garage, Yes, Garage Owned, Detached, Garage
Heat Type Natural Gas
Sewer Public Sewer, Other
Substructure Concrete Perimeter

Area & Lot

Status For Sale
MLS® ID 12522579
Type Multi-Family
Year Built 1918
ELEMENTARY SCHOOL Disney Elementary School Magnet
MIDDLE SCHOOL Young Elementary School
HIGH SCHOOL Prosser Career Academy Senior Hi
School District 299

Financial

SALES PRICE $449,900
REAL ESTATE TAXES $4,863/yr
Zoning MULTI

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