5538 S Perry Avenue
Chicago, IL, 60621 $ 71,250
Bedrooms4 Baths2.0 Monthly Estimate*
$ 439
for $71,250 with 4 bedrooms and 2 full baths. This home was built in 1888 on a lot size of 0.05.
Step on up...don't be shy! This frame 2-unit is looking for its next owner, and thanks to a recent price improvement, the invitation just got a lot more attractive. Whether you're searching for a property with potential, a place to make your own, or an opportunity to add value through thoughtful updates, this could be the one that earns a spot at the top of your list. Featuring 2 bedrooms and 1 bath in each unit, this property offers flexibility, functionality, and plenty of room for imagination. The layouts provide a solid foundation for future improvements, while the partially finished basement offers additional space for storage, hobbies, recreation, or whatever creative vision you have in mind. Think of it as the bonus room that's still waiting to learn what it wants to be when it grows up. Let's be honest-some homes are completely finished. Others give you the opportunity to create something uniquely yours. This property proudly falls into the second category. Bring your ideas, your inspiration, your favorite paint color, and maybe even that toolbox you've been meaning to use more often. Washington Park is becoming more exciting! You'll enjoy convenient access to green space, walking paths, recreational amenities, and community attractions. The continued investment surrounding the Obama Presidential Center has brought renewed excitement and attention to the area. Nearby access to the University of Chicago, shopping, dining, public transportation, and the Dan Ryan Expressway helps keep everyday conveniences within easy reach. So if you've been waiting for an opportunity with upside potential, a great location, and a price that's moving in the right direction, don't let someone else become the new neighbor first. Opportunity is knocking. The price has spoken. Now all that's missing is 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 New
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 85
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
- $439
- 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 $618,111
Percent of Sale Price 768%
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 |
|---|
| 6/3/2026 | $71,250 | | Listed Price |