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    5527 W Potomac Ave Chicago, IL 60651

    For Sale
    $449,900

    Residential Income - Chicago, IL

    Days on Market:
    13
    Last Refresh:
    Dec 15 at 2:06 am

    Property Features for 5527 W Potomac Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    APN
    16041250080000
    Parking
    2
    Exterior features
    Fencing
    Fencing
    Fenced

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1918
    Roof type
    Flat
    Architectural style
    Other

    RE/MAX Legends (708) 655-5000 [email protected]

    Listing agent Kathy Szuba (630) 216-8000 License #475161304

    Listing date Dec 3, 2025

    MLS# 12522579 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

    Chicago Multi-Unit Investment Opportunity

    This professionally managed legal 2-flat with a garden-level in-law unit presents an investment opportunity in Chicago's Austin neighborhood. The classic brick building blends vintage charm with modern updates. The property features a 2-bed, 1-bath main-floor unit and a 3-bed, 1-bath upper unit with an enclosed porch suitable for use as a den or third bedroom. The garden apartment is currently rented for $1,050 per month to a long-term tenant. Combined with parking income ($130). The other two units are vacant. Each unit offers spacious layouts with hardwood floors, separate living and dining rooms, and eat-in kitchens. Additional features include a fenced backyard and a 2-car garage. Recent interior updates were completed in early 2024. The property is located near major bus routes and expressways, with a Walk Score of 78.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon 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
    -87.7650328
    Latitude
    41.903705

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    FAQs

    What type of property is this?
    Triplex - Professionally managed 2-flat with garden-level unit in Chicago's Austin neighborhood.
    Where is this triplex located?
    The property is located at 5527 W Potomac Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $449,900.
    What are key features of this property?
    This property features: - Legal 2-flat with garden-level in-law unit offers income potential and flexibility.; - Two units are vacant and ready for showings, allowing immediate occupancy or rental income generation.; - Garden apartment is currently rented to a long-term tenant for $1,050/month, providing immediate income.
    (630) 216-8000
    Request Owner's contact information
    5527 W Potomac Ave Chicago, IL 60651
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    Chicago, IL 60651
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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
    5527 W Potomac Ave Chicago, IL 60651
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