Rehabbed Two-Flat
For Sale
$249,000
Pending
5524 S Wells St, Chicago, IL 60621
Two vacant residential units offer separate utility systems, updated interiors, and a permitted detached garage.
Property SizeContact for details
Days on Market49
Property Features for 5524 S Wells St
General Information
Standard status
Pending
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Asking Price
$249,000
Utilities to Site
Yes
Amenities
fenced yard
Building Details
Year Built
1878
Buildings
1
Listing Agency:
Mark Allen Realty Era Powered
Listed By:
Thomas Bezanes · License #471018395
(312) 622-2850
Source:
Highriseschicago
Added: Sep 2
Changed: Oct 19
Last Checked: Oct 19 at 7:08AM
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 Mark Allen Realty Era Powered
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Investment Insights
Based on property information with market context.
This two-unit residential property was built in 1878 and has undergone rehabilitation with updated kitchens and bathrooms. The first-floor residence includes three bedrooms and one bathroom, while the legal garden-level unit provides two bedrooms and one bathroom. Both units are vacant and ready for occupancy.
Each residence has its own furnace, water heater, electric meter, and gas service. The first-floor water heater was installed in 2026. Exterior features include a fenced yard and a two-car garage constructed with permits in 2022. The layout supports separate household use within the same building, with financing options that include FHA, VA, and conventional loans.
Each residence has its own furnace, water heater, electric meter, and gas service. The first-floor water heater was installed in 2026. Exterior features include a fenced yard and a two-car garage constructed with permits in 2022. The layout supports separate household use within the same building, with financing options that include FHA, VA, and conventional loans.
Key Highlights
- Two‑unit property with a 3‑bedroom, 1‑bath first‑floor unit and legal 2‑bedroom, 1‑bath garden unit
- Both units are vacant and move‑in ready
- Separate furnaces, water heaters, electric meters, and gas service for each unit
Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residential units offer separate utility systems, updated interiors, and a permitted detached garage.
Where is this duplex located?
The property is located at 5524 S Wells St Chicago, IL.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two‑unit property with a 3‑bedroom, 1‑bath first‑floor unit and legal 2‑bedroom, 1‑bath garden unit; Both units are vacant and move‑in ready; Separate furnaces, water heaters, electric meters, and gas service for each unit
