5538 S Perry Avenue
Chicago, IL, 60621 $ 140,000
Bedrooms4 Baths2.0 Monthly Estimate*
$ 862
for $140,000 with 4 bedrooms and 2 full baths. This home was built in 1888 on a lot size of 0.05.
Two Units, One Smart Move - Space, Flexibility & Opportunity Await! This frame 2-unit building offering 2 bedrooms and 1 bath in each unit, designed for flexibility, functionality, and future potential. Whether you're dreaming of living in one unit while offsetting expenses with the other, or you're ready to roll up your sleeves and add value over time, this property is ready for its next chapter. Inside, both units feature comfortable layouts with well-proportioned rooms and plenty of natural light. The partially finished basement adds bonus space-perfect for storage, a rec area, workshop, or a laundry center. Bring your ideas and your tool belt; there's room to make it your own. Step outside and you'll find a huge rear yard that opens the door to endless possibilities-outdoor entertaining, gardening, play space, or future enhancements. No garage here, but the generous lot size gives you plenty of flexibility to imagine what comes next. Conveniently located near Washington Park, this home offers easy access to green space, walking paths, and recreation. Nearby development around the Obama Presidential Center continues to bring attention and investment to the area. You're also minutes from the University of Chicago, local dining and shopping corridors, and quick access to the Dan Ryan Expressway for an easy commute. Public transportation options nearby help keep city living convenient. Whether you're an owner-occupant ready to build equity with a little hands-on effort, or a buyer looking for a solid two-unit with long-term upside, the property delivers space, location, and opportunity-all in one package. Just bring your vision, your creativity, and maybe a little elbow grease-this one's ready to work for you.
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FeaturesGeneralSewer Public Sewer
Heating Natural Gas
Possession Closing
Roof Asphalt
Zoning MULTI
Construction Materials Vinyl Siding Stone
Year Built 1888
Township Lake
Tax Year 2024
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 10
Status Active
Directions 55th St. East or West to Perry then South to the property.
City Chicago
High School District 299
MLS Area CHI - Washington Park
Tax Annual Amount 1352.36
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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InteriorBasement Partially Finished Full
Total Bedrooms 4
Total Baths 2
Bedrooms Possible 4
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
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ExteriorWater Source Public
Total Parking 0
Foundation Details Concrete Perimeter
Lot Dimensions 25 x 83.7
Lot Size Acres 0.05
Waterfront Y/N N
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* Excluded FeaturesList ByTrademarks & AssociatesBroker
marksrealtor@yahoo.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $862
- Monthly Property Taxes
- $113
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Chicago, IL
Average List Price $609,784
Percent of Sale Price 336%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/12/2026 | $140,000 | | Listed Price |