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Two-Unit Building with Basement
For Sale
$339,000

5514 S Winchester Ave, Chicago, IL 60636

Two-level residential income property with separate electrical service and additional basement space for continued buildout.

Property SizeContact for details
Days on Market49

Property Features for 5514 S Winchester Ave

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Multifamily Units 2

Building Details

Year Built 1910
Buildings 1
Stories 2
Listing Agency: ListWithFreedom.com
Listed By: Henry Torn
Source: Saladinosells
Added: Jul 12 Changed: Aug 28 Last Checked: Aug 25 at 5:24AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ListWithFreedom.com

Investment Insights

Based on property information with market context.

This two-unit residential building, constructed in 1910, offers one apartment on each of two main levels. The first-floor residence includes six rooms and one bathroom, while the second-floor residence contains seven rooms and one bathroom. The upper unit also has a new central air-conditioning system.

Each apartment is served by its own electrical panel, providing separate electrical service by floor. The partially finished basement adds four rooms, with a bathroom framed and most mechanical systems installed. The property is located at 5514 S Winchester Ave in Chicago, Illinois 60636.

Key Highlights

  • Two‑unit, two‑level apartment building constructed in 1910
  • First‑floor apartment includes 6 rooms and 1 bath
  • Second‑floor apartment includes 7 rooms and 1 bath

Property Analytics

Current Use

M,O fashion designer (Bike/Boat/Book/etc) Store

Suggested Use

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

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

693
Businesses Nearby

Demographics for 60636, IL

34,800
Population
14,363
Households
2.4
Avg Household Size
35
Median Age
11%
College-Educated
78%
High-School Grad
3.9 sq mi
ZIP Area
8,923
Density / Sq Mi
$35,077
Median Household Income
$30,411
Median Earnings
$1,135
Median Rent
$150,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Two-level residential income property with separate electrical service and additional basement space for continued buildout.
Where is this duplex located?
The property is located at 5514 S Winchester Ave Chicago, IL.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Two‑unit, two‑level apartment building constructed in 1910; First‑floor apartment includes 6 rooms and 1 bath; Second‑floor apartment includes 7 rooms and 1 bath
More about this property
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