5524 S Wells Street Chicago, IL $ 249,000
5524 S Wells Street
$ 249,000
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5524 S Wells Street

Chicago, IL, 60621
$ 249,000
Bedrooms5 Baths2.0

Monthly Estimate*

$ 1,572

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Multi-Family Home for sale in Chicago, IL

for $249,000 with 5 bedrooms and 2 full baths. This home was built in 1878 on a lot size of 0.07.

Now available at 5524 S Wells St, Chicago, IL 60621. This newly rehabbed, turnkey 2-flat is being offered at $249,000 and features a 3-bedroom, 1-bath first-floor unit and a legal 2-bedroom, 1-bath garden unit. Both units are currently vacant and move-in ready, making this a great opportunity for either an owner-occupant or investor. The property has separate furnaces, separate water heaters, separate electric meters, and separate gas service for each unit. The first-floor water heater was newly installed in 2026. The property also includes a 2-car garage that was built from the ground up with permits in 2022, along with a fenced yard and updated kitchens and bathrooms throughout. This property is ideal for someone looking to live in one unit and rent the other, or for an investor looking for a turnkey 2-unit property with separate utilities. FHA, VA, and conventional financing are accepted. Serious buyers and agents may reach out for additional information or to schedule a showing.

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Multi-Family Active

Price

$ 249,000

Bedrooms

5

Full Bath

2

Property Type

Multi-Family

Taxes

$ 1,376

Style

Lot Size

0.07

Year Built

1878

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12741326

Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing
Garage Spaces 2
Construction Materials Aluminum Siding
Year Built 1878
Township South Chicago
Tax Year 2023
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 10
Status New
Directions Take Wells St. South to property. Building on right hand side.
City Chicago
High School District 299
MLS Area CHI - Englewood
Tax Annual Amount 1376
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement None
Total Bedrooms 5
Total Baths 2
Bedrooms Possible 5
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
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Exterior
Parking Features Yes Garage Owned Detached Garage
Water Source Lake Michigan
Total Parking 2
Lot Dimensions 25X125
Lot Size Acres 0.07
Waterfront Y/N N
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* Excluded Features
List By
Kale Realty

Broker

marcustoussaint1@gmail.com

Email

Affordability Calculator

$1,687
Per Month
93%
7%
0%
Monthly Principal & Interest
$1,572
Monthly Property Taxes
$115
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/1/2026$249,000 Listed Price

Map


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5524 S Wells Street, Chicago, IL, 60621 is a Multi-Family Home for sale at $249,000 with a lot size of 0.07. 5524 S Wells Street has 5 bedrooms, 2.0 baths, and was built in 1878. The property's zip code is 60621 which is in Chicago, IL