5527 W Potomac Avenue Chicago, IL ^$ 479,000

5527 W Potomac Avenue

^$ 479,000

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5527 W Potomac Avenue

Chicago, IL, 60651

^$ 479,000

Bedrooms5 Baths3.0 Sq 2,200

Monthly Estimate*

^$ 2,949

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Multi-Family Home for sale in Chicago, IL

for $479,000 with 5 bedrooms and 3 full baths. This 2,200 square foot home was built in 1918.

Legal 2-Flat Chicago Style Brick Building - Great Investment Opportunity Well-maintained legal 2-flat with a garden unit located in the North Austin neighborhood of Chicago. This classic Chicago-style brick building features hardwood floors throughout and updated kitchens and bathrooms in the main units. The property has been freshly painted and is move-in ready. The first and second floor units each have strong rental potential, with projected rents between $1,800-$2,200 per month. Additional features include a two-car garage, a private backyard with space for grilling and outdoor gatherings, and a secure iron gate fence surrounding the property. Located in North Austin, this property is close to community amenities and activities for youth and families, making it an attractive opportunity for both investors and owner-occupants.

Multi-Family Contingent

Price

^$ 479,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 5,022

Style

Year Built

1918

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12578112

Features

General

Sewer Public Sewer Other

Heating Natural Gas

Possession Closing

Roof Flat

Zoning MULTI

Garage Spaces 2

Construction Materials Brick

Year Built 1918

Township West Chicago

Tax Year 2024

Ownership Fee Simple

Community Features Curbs Gated Sidewalks Street Lights Street Paved

County Cook

New Construction N

Property Type Residential Income Two to Four Units

Contingency Attorney/Inspection

Total Rooms 14

Status Contingent

Directions LARAMIE TO POTOMAC WEST TO PROPERTY.

High School Prosser Career Academy Senior Hi

City Chicago

High School District 299

MLS Area CHI - Austin

Elementary School Disney Elementary School Magnet

Tax Annual Amount 5022.93

Middle/Junior High School Young Elementary School

Additional Parcels Y/N N

Standard Status Active Under Contract

Middle/Junior School District 299

Elementary School District 299

Interior

Basement Finished Exterior Entry Full Walk-Out Access

Total Bedrooms 5

Room Type Enclosed Porch

Total Baths 3

Bedrooms Possible 5

Bathroom Soaking Tub

Full Baths Building 3

Half Baths Building 0

Total Number of Units 2

Exterior

Parking Features No Garage Yes Garage Owned Detached Garage

Water Source Lake Michigan

Total Parking 2

Foundation Details Concrete Perimeter

Lot Dimensions 25X125

Lot Size Acres 0

Waterfront Y/N N

Other Equipment CO Detectors Water Heater-Gas

* Excluded Features

List By

Gmc Realty Ltd

Broker

mike@miketherealtor.properties

Affordability Calculator

$3,368

Per Month

Monthly Principal & Interest: $2,949
Monthly Property Taxes: $419
Monthly Home Insurance: --

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Yearly 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.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$620,278

Percent of Sale Price 29%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2832150 Elementary School

3844856 Middle School

Prosser Career Academy Senior Hi High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/26/2026	$479,000		Listed Price

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5527 W Potomac Avenue, Chicago, IL, 60651 is a Multi-Family Home for sale at $479,000 with 2,200 sqft. 5527 W Potomac Avenue has 5 bedrooms, 3.0 baths, and was built in 1918. The property's zip code is 60651 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 4/18/2026.

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5527 W Potomac Avenue

Multi-Family Home for sale in Chicago, IL

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