Don't miss this ideal investment opportunity-a professionally managed legal 2-flat withs g a garden-level in-law unit in Chicago's growing Austin neighborhood. This classic brick building combines vintage charm with modern updates, making it a great fit for investors or owner-occupants alike. The property includes a 2-bed, 1-bath main-floor unit and a 3-bed, 1-bath upper unit with an enclosed porch that works perfectly as a den or third bedroom. The garden apartment is currently rented for $1,050/month to a dependable, long-term tenant. Combined with parking income ($130) One unit is currently vacant, and the second unit will be vacating at the end of the month-ideal for buyers looking to move in or set their own rents. Live in one unit, rent the others. Each unit features spacious layouts with hardwood floors, separate living and dining rooms, and eat-in kitchens. Extras include a fenced backyard, 2-car garage, recent interior updates (completed in early 2024), and low property taxes (no homeowner exemption currently applied). Located near major bus routes and expressways with a Walk Score of 78, this is a solid, flexible asset in a prime location. FHA buyers welcome. Schedule your showing today and make a smart move!
New
$460,000
5527 W Potomac Ave, Chicago, IL 60651
5beds
--sqft
Est.:
Multi Family
Built in 1918
-- sqft lot
$454,000 Zestimate®
$--/sqft
$-- HOA
What's special
Modern updatesSpacious layoutsFenced backyardVintage charmEat-in kitchensRecent interior updatesEnclosed porch
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- on Zillow |
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Zillow last checked: 7 hours ago
Listing updated: 22 hours ago
Listing courtesy of:
Kathy Szuba, CSC 708-655-4020,
REMAX Legends
Source: MRED as distributed by MLS GRID,MLS#: 12452123

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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 3
Rooms
- Room types: Enclosed Porch
Bathroom
- Features: Soaking Tub
Heating
- Natural Gas
Appliances
- Included: Gas Water Heater
Features
- Windows: Screens
- Basement: Finished,Exterior Entry,Full,Walk-Out Access
Property
Parking
- Total spaces: 2
- Parking features: No Garage, On Site, Garage Owned, Detached, Garage
- Garage spaces: 2
Features
- Patio & porch: Porch
- Fencing: Fenced
Lot
- Size: 3,125 Square Feet
- Dimensions: 25X125
Details
- Parcel number: 16041250080000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Flat
Condition
- New construction: No
- Year built: 1918
- Major remodel year: 2024
Utilities & green energy
- Sewer: Public Sewer, Other
- Water: Lake Michigan
Community & HOA
Community
- Features: Curbs, Gated, Sidewalks, Street Lights, Street Paved
- Security: Carbon Monoxide Detector(s)
Location
- Region: Chicago
Financial & listing details
- Annual tax amount: $4,862
- Date on market: 8/21/2025
- Ownership: Fee Simple
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