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Two-Unit Duplex with Rear Parking
New
For Sale
$229,900

5047 W CHICAGO Avenue, Chicago, IL 60651

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market2

Property Features for 5047 W CHICAGO Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 5, Basement, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 2
Parking 2
Parking features Owned
Basement Full, Unfinished
Elementary school district 299
Middle school district 299
High school district 299
Directions CHICAGO AVE (800 NORTH) WEST OF CICERO AVE
Subdivision CHI - Austin
Standard status Active
APN 16092020040000

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 4446

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Water source Public

Amenities

rear yard

Building Details

Year built 1888
Building materials Aluminum Siding, Steel Siding
Listing Agency: Area Wide Realty
Listed By: Michael Olszewski · License #471011979
Added: Oct 8 Last Checked: Oct 9 at 7:06AM
MLS# 12780662

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 two-unit duplex was built in 1888 and has aluminum and steel siding. The reported layouts are a three-bedroom, one-bathroom unit and a two-bedroom, one-bathroom unit; room counts and sizes are estimates. The property is tenant-occupied under a month-to-month arrangement and is being sold as-is.

A rear yard and dedicated parking pad provide outdoor space and off-street parking. Public transportation, major roads, parks, shopping, and schools are identified as nearby amenities.

Key Highlights

  • Two residential units with reported layouts of 3 bedrooms/1 bathroom and 2 bedrooms/1 bathroom; room counts are estimates
  • Tenant‑occupied under a month‑to‑month lease
  • Rear yard and dedicated off‑street parking pad

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Gym & Fitness Center Dental Office Parking Lot & Garage

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

Location Intelligence

Trade Area within ½ mile

1,054
Businesses Nearby

Demographics for 60651, IL

62,819
Population
22,885
Households
2.7
Avg Household Size
36
Median Age
16%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
17,948
Density / Sq Mi
$52,963
Median Household Income
$33,783
Median Earnings
$1,186
Median Rent
$262,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Month-to-month tenants occupy the property, which also has a rear yard and an off-street parking pad.
Where is this duplex located?
The property is located at 5047 W CHICAGO Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Two residential units with reported layouts of 3 bedrooms/1 bathroom and 2 bedrooms/1 bathroom; room counts are estimates; Tenant‑occupied under a month‑to‑month lease; Rear yard and dedicated off‑street parking pad
More about this property
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