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    5415 W Monroe St Chicago, IL 60644

    Under Contract
    For Sale
    $220,000

    Residential Income - Chicago, IL

    Lot size:
    0.09 Acres
    Days on Market:
    32
    Last Refresh:
    Dec 14 at 7:06 pm

    Property Features for 5415 W Monroe St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    APN
    16161040140000
    Parking
    2
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Other (Heating)

    Building Details

    Year built
    1915
    Architectural style
    Other

    Real People Realty (708) 634-0103 [email protected]

    Listing agent Sharon Moore (708) 634-0103 License #471008080

    Listing date Nov 13, 2025

    MLS# 12494426 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Austin Two-Flat with Renovation Potential

    Located in the Austin area of Chicago, this two-flat building presents an opportunity for investors, rehabbers, or owner-occupants seeking a project with long-term value. The property is situated blocks away from Columbus Park, schools, public transportation, and the I-290 expressway, with convenient access to a nearby suburb and police station. Each unit features three bedrooms and one full bathroom, offering generous living space. The building includes a full, unfinished basement that is duplexed from the first floor, along with a two-car garage. The 0.09-acre lot provides additional space. While the property requires a complete renovation, it has the potential for significant value appreciation in the area. The property is being sold as-is and is suitable for conventional, cash, or FHA 203k financing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7602104
    Latitude
    41.8790916

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    FAQs

    What type of property is this?
    Duplex - Two-unit building in Austin neighborhood, ideal for renovation.
    Where is this duplex located?
    The property is located at 5415 W Monroe St Chicago, IL.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: - High ARV Potential: Estimated post-renovation value upwards of $500k.; - Desirable Location: Situated in the Austin area, near Columbus Park, schools, public transportation, and I290.; - Spacious Units: Each unit features 3 bedrooms and 1 full bath.
    (708) 634-0103
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    Chicago, IL 60644
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5415 W Monroe St Chicago, IL 60644
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