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Updated Two-Unit Greystone
For Sale
Under Contract
$425,000

5742 S Morgan Street, Chicago, IL 60621

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market28

Property Features for 5742 S Morgan Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 5, Bathroom 2, Basement, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 6
Parking 2
Parking features Garage
Basement Full, Unfinished
Elementary school district 299
Middle school district 299
High school district 299
Directions from south wentworth, Turn left onto W 59th St, Turn right onto S Morgan St
Subdivision CHI - Englewood
Standard status Active Under Contract
APN 20172190400000

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 3500

Utilities

Sewer type Public Sewer
Heating system Natural Gas

Building Details

Year built 1893
Building materials Stone
Listing Agency: Keller Williams Preferred Rlty · Keller Williams Realty
Listed By: Tatianna Barnett · License #INRB14052303
Added: Aug 14 Changed: Sep 1 Last Checked: Sep 10 at 3:06AM
MLS# 12733768

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 2-unit greystone, originally built in 1893, combines stone construction with extensive interior and exterior updates. Each condo-style residence offers high ceilings, new hardwood flooring, custom bathrooms, accent walls, and an open living arrangement. The kitchens feature white European cabinetry, quartz countertops, custom hardware, and a new stainless steel appliance package in each unit.

Recent work also includes plumbing, electrical, HVAC, windows, and roofing, completed with approved architectural plans and City of Chicago permits. The property includes an exterior wrought iron fence and a new two-car garage. Located near schools, parks, public transportation, shopping, and major expressways, the building is also a short distance from the Obama Presidential Library. The two-unit configuration supports owner occupancy with rental use in the second residence.

Key Highlights

  • Renovated 2‑unit greystone with condo‑style residences
  • 1893 construction with stone exterior
  • Each unit includes a new kitchen with quartz countertops and stainless steel appliances

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office (Bike/Boat/Book/etc) Store Skin Care Clinic Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

510
Businesses Nearby

Demographics for 60621, IL

29,570
Population
15,348
Households
1.9
Avg Household Size
36
Median Age
12%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
7,782
Density / Sq Mi
$33,235
Median Household Income
$29,961
Median Earnings
$1,017
Median Rent
$161,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Renovated two-flat with condo-style interiors, modern kitchens, private baths, and a new two-car garage.
Where is this duplex located?
The property is located at 5742 S Morgan Street Chicago, IL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Renovated 2‑unit greystone with condo‑style residences; 1893 construction with stone exterior; Each unit includes a new kitchen with quartz countertops and stainless steel appliances
More about this property
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