5527 W Potomac Ave
Chicago, IL 60651
5 Beds
3 Baths
2,288 Sq Ft
9 Days on Market
For Sale $475,000
Can you afford it. Find out now with a mortgage prequalification from Wells Fargo. It takes just a few minutes and won’t affect your credit score. Get prequalified Equal Housing Lender: NMLS #399801
Save
Courtesy of MPower Residential Brokerage LLC

Listing Agent & Comments

Karla MinaMPower Residential Brokerage LLC
312-498-8473karla@marketoverdrive.com; Karla@mpowerrealtors.com
Spring into your next investment opportunity with this professionally managed, LEGAL 2-FLAT with a BONUS garden-level in-law apartment, located in Chicago's thriving Austin neighborhood! This solid 1915 brick building is full of character and offers an excellent opportunity to grow your portfolio or offset your mortgage while building equity. The property features a well-maintained 2-bedroom, 1-bath main-level unit, and a 3-bedroom, 1-bath upper unit complete with an enclosed porch-ideal as a den or third bedroom. Both units offer a spacious floor-plan with hardwood floors *carpet only in unit 1 living room * and separate living room, dining room and an eat-in kitchens. The finished lower-level garden unit is currently rented for $1,050/month to a reliable tenant who has paid on time consistently since the property was purchased. Current rental income totals $4,583/month, including: Garden Unit: $1,050 | Units 1 & 2: Combined $3,403 | Parking: $130 | That's a gross annual income of $54,996, offering solid cash flow from day one. Whether you're looking to house hack or simply add a reliable asset to your rental portfolio, this multi-unit delivers flexibility and income potential in equal measure. A fenced backyard and 2-car garage offer convenience and added appeal for both owners and tenants. With a Walk Score of 78, and easy access to major bus routes and expressways, this property is well-positioned for commuters and city lovers alike. Photos were taken after recent unit refurbishments in early 2024, showcasing updated interiors that blend comfort with historic charm. The low property taxes make this investment even more attractive for cash flow-minded buyers. FHA buyers welcome! Whether you're an investor looking for steady returns or an owner-occupant ready to make a smart move, this is the kind of opportunity that doesn't come around often-schedule your showing today! Please note: property taxes do not reflect a homeowners exemption, occupy and claims yours for additional savings.

MLS# MRD12379415 • Data provided by MRED as distributed by MLS Grid
Additional home details
Living Area2,288 Sq.Ft.
Lot Size3,123 Sq.Ft.
Total Rooms--
Bedrooms5
Bathrooms3
Stories2
Year Built1918
Property TypeMultifamily
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year--
Tax Amount--
Property in Flood Zone--
More Information On This Home
This home's estimated value
$479,564
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Sale history
New
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HouseCanary, Inc. Brokerage

5527 W Potomac Ave., Chicago, IL 60651

Multifamily
5 Beds
3 Baths
2,288 Sq Ft
9 Days on Market

Listing Agent & Comments

Karla MinaMPower Residential Brokerage LLC
312-498-8473karla@marketoverdrive.com; Karla@mpowerrealtors.com
Spring into your next investment opportunity with this professionally managed, LEGAL 2-FLAT with a BONUS garden-level in-law apartment, located in Chicago's thriving Austin neighborhood! This solid 1915 brick building is full of character and offers an excellent opportunity to grow your portfolio or offset your mortgage while building equity. The property features a well-maintained 2-bedroom, 1-bath main-level unit, and a 3-bedroom, 1-bath upper unit complete with an enclosed porch-ideal as a den or third bedroom. Both units offer a spacious floor-plan with hardwood floors *carpet only in unit 1 living room * and separate living room, dining room and an eat-in kitchens. The finished lower-level garden unit is currently rented for $1,050/month to a reliable tenant who has paid on time consistently since the property was purchased. Current rental income totals $4,583/month, including: Garden Unit: $1,050 | Units 1 & 2: Combined $3,403 | Parking: $130 | That's a gross annual income of $54,996, offering solid cash flow from day one. Whether you're looking to house hack or simply add a reliable asset to your rental portfolio, this multi-unit delivers flexibility and income potential in equal measure. A fenced backyard and 2-car garage offer convenience and added appeal for both owners and tenants. With a Walk Score of 78, and easy access to major bus routes and expressways, this property is well-positioned for commuters and city lovers alike. Photos were taken after recent unit refurbishments in early 2024, showcasing updated interiors that blend comfort with historic charm. The low property taxes make this investment even more attractive for cash flow-minded buyers. FHA buyers welcome! Whether you're an investor looking for steady returns or an owner-occupant ready to make a smart move, this is the kind of opportunity that doesn't come around often-schedule your showing today! Please note: property taxes do not reflect a homeowners exemption, occupy and claims yours for additional savings.

MLS# MRD12379415 • Data provided by MRED as distributed by MLS Grid
Additional home details
Living Area2,288 Sq.Ft.
Lot Size3,123 Sq.Ft.
Total Rooms--
Bedrooms5
Bathrooms3
Stories2
Year Built1918
Property TypeMultifamily
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year--
Tax Amount--
Property in Flood Zone--
This property is missing data for:
Sale history
New
Do you own this home?
Access your homeowner dashboard
house
For Sale $475,000
Can you afford it. Find out now with a mortgage prequalification from Wells Fargo. It takes just a few minutes and won’t affect your credit score. Get prequalified Equal Housing Lender: NMLS #399801
Save
Courtesy of MPower Residential Brokerage LLC
5527 W Potomac Ave
Chicago, IL 60651
5 Beds
3 Baths
2,288 Sq Ft
9 Days on Market

Listing Agent & Comments

Karla MinaMPower Residential Brokerage LLC
312-498-8473karla@marketoverdrive.com; Karla@mpowerrealtors.com
Spring into your next investment opportunity with this professionally managed, LEGAL 2-FLAT with a BONUS garden-level in-law apartment, located in Chicago's thriving Austin neighborhood! This solid 1915 brick building is full of character and offers an excellent opportunity to grow your portfolio or offset your mortgage while building equity. The property features a well-maintained 2-bedroom, 1-bath main-level unit, and a 3-bedroom, 1-bath upper unit complete with an enclosed porch-ideal as a den or third bedroom. Both units offer a spacious floor-plan with hardwood floors *carpet only in unit 1 living room * and separate living room, dining room and an eat-in kitchens. The finished lower-level garden unit is currently rented for $1,050/month to a reliable tenant who has paid on time consistently since the property was purchased. Current rental income totals $4,583/month, including: Garden Unit: $1,050 | Units 1 & 2: Combined $3,403 | Parking: $130 | That's a gross annual income of $54,996, offering solid cash flow from day one. Whether you're looking to house hack or simply add a reliable asset to your rental portfolio, this multi-unit delivers flexibility and income potential in equal measure. A fenced backyard and 2-car garage offer convenience and added appeal for both owners and tenants. With a Walk Score of 78, and easy access to major bus routes and expressways, this property is well-positioned for commuters and city lovers alike. Photos were taken after recent unit refurbishments in early 2024, showcasing updated interiors that blend comfort with historic charm. The low property taxes make this investment even more attractive for cash flow-minded buyers. FHA buyers welcome! Whether you're an investor looking for steady returns or an owner-occupant ready to make a smart move, this is the kind of opportunity that doesn't come around often-schedule your showing today! Please note: property taxes do not reflect a homeowners exemption, occupy and claims yours for additional savings.

MLS# MRD12379415 • Data provided by MRED as distributed by MLS Grid
Additional home details
Living Area2,288 Sq.Ft.
Lot Size3,123 Sq.Ft.
Total Rooms--
Bedrooms5
Bathrooms3
Stories2
Year Built1918
Property TypeMultifamily
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year--
Tax Amount--
Property in Flood Zone--
More Information On This Home
This home's estimated value
$479,564
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Sale history
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $475,000
Can you afford it. Find out now with a mortgage prequalification from Wells Fargo. It takes just a few minutes and won’t affect your credit score. Get prequalified Equal Housing Lender: NMLS #399801
Save
Courtesy of MPower Residential Brokerage LLC