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Price change
  • Price cut: $58K (5/22)
    Est. $75,000

    5538 S Perry Ave, Chicago, IL 60621

    4beds
    --sqft
    Multi Family
    Built in 1888
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    Overview

    Price Improvement has opportunity Knocking Louder! This frame 2-unit just became an even better opportunity for buyers ready to act. Featuring 2 bedrooms and 1 bath in each unit, this property offers space, flexibility, and serious potential for the buyer with creativity and vision. The recent price modification creates added value for those looking to secure a property in an area experiencing continued growth and investment. Each unit offers a functional layout with well-proportioned rooms, providing a solid starting point for updates and improvements. The partially finished basement adds additional space for storage, recreation, a workshop, or future possibilities. Think of it as a blank canvas... just waiting for the right finishing touches. Located near Washington Park, residents can enjoy nearby green space, walking paths, and recreational amenities. The ongoing development surrounding the Obama Presidential Center continues to bring attention and investment to the surrounding area. Convenient access to the University of Chicago, shopping and dining corridors, public transportation, and the Dan Ryan Expressway helps keep commuting and daily errands within easy reach. Whether you're an owner-occupant looking to build equity or an investor searching for your next value-add project, this property delivers potential, location, and now-an even more attractive price point. Properties with upside and price improvements like this tend to generate renewed attention, so bring your contractor, your imagination, and yes-your favorite hammer and paint brush-because this opportunity is ready for its next chapter.
    102 days
    |
    255
    |
    12
    |

    Zillow last checked:

    Listing updated:

    Listing courtesy of:

    Tamika Marks 773-656-9895,

    Trademarks & Associates

    Source: MRED as distributed by MLS GRID,MLS#: 12566728MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Natural Gas
      Features
      • Basement: Partially Finished,Full

      Property

      Features
      • Patio & porch: Porch
      Lot
      • Size: 2,178 Square Feet
      • Dimensions: 25 x 83.7
      Details
      • Parcel number: 20162050290000
      • Zoning: MULTI
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Vinyl Siding, Stone
      • Foundation: Concrete Perimeter
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1888

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Chicago

      Financial & listing details

      • Tax assessed value: $24,990
      • Annual tax amount: $1,352
      • Date on market: 2/12/2026
      • Ownership: Fee Simple
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        Foreclosure details

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,440/mo

        Price history

        DateEventPrice
        5/22/2026Price change$75,000-43.6%
        Source: MRED as distributed by MLS GRID #12566728 Report a problem
        3/17/2026Price change$133,000-5%
        Source: MRED as distributed by MLS GRID #12566728 Report a problem
        2/12/2026Listed for sale$140,000
        Source: MRED as distributed by MLS GRID #12566728 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2023-- $2,499
        2022-- $2,499
        2021-- $2,499 -68.6%
        2020-- $7,961 -13%
        2019-- $9,151
        2018-- $9,151 -16.4%
        2017-- $10,947
        2016-- $10,947
        2015-- $10,947 +19.8%
        2014-- $9,140
        2013-- $9,140
        2012-- $9,140 -27.1%
        2011-- $12,543
        2010-- $12,543
        2009-- $12,543 -27.4%
        2008-- $17,280
        2007-- $17,280
        2006-- $17,280 +182.7%
        2005-- $6,113
        2004-- $6,113
        2003$198 $6,113 +55.4%
        2002-- $3,933
        2001$104 $3,933
        2000-- $3,933 +40.4%
        1999-- $2,801

        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Englewood

        Getting around

        73 / 100
        Very Walkable
        75 / 100
        Excellent Transit
        59 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: 299

        Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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