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Updated Duplex with Garage
New
For Sale
$249,000

5524 S Wells Street, Chicago, IL 60621

Residential Income, Chicago, IL

Property SizeContact for details
Lot Size0.07 Acres
Days on Market2

Property Features for 5524 S Wells Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 2
Parking 2
Parking features Garage
Elementary school district 299
Middle school district 299
High school district 299
Directions Take Wells St. South to property. Building on right hand side.
Subdivision CHI - Englewood
Standard status Active
APN 20162020500000
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 1376

Utilities

Sewer type Public Sewer
Heating system Natural Gas

Amenities

fenced yard

Building Details

Year built 1878
Building materials Aluminum Siding
Listing Agency: Kale Realty
Listed By: Marcus Toussaint · License #475206712
Added: Sep 1 Last Checked: Sep 2 at 2:06AM
MLS# 12741326

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 Chicago duplex contains a three-bedroom, one-bathroom first-floor residence and a legal two-bedroom, one-bathroom garden unit. Both apartments are vacant, with updated kitchens and bathrooms throughout. Separate furnaces, water heaters, electric meters, and gas service serve the units, and the first-floor water heater was installed in 2026.

The property includes a two-car garage constructed with permits in 2022, plus a fenced yard on a 0.07-acre lot. Originally built in 1878, the building has aluminum siding, natural gas heating, and public sewer service. Its two-unit configuration supports separate occupancy of the residences, subject to the buyer’s intended use and applicable requirements.

Key Highlights

  • Legal 2‑unit layout with a 3‑bedroom first‑floor unit and a 2‑bedroom garden unit
  • Both units are vacant and feature updated kitchens and bathrooms
  • Separate furnaces, water heaters, electric meters, and gas service for each unit

Property Analytics

Current Use

Vest Continental LLC Clothing Store

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Dental Office Kitchen & Bath Showroom HVAC Service

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

592
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

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 - Rehabilitated two-unit property with separate building systems, refreshed interiors, and a fenced outdoor area.
Where is this duplex located?
The property is located at 5524 S Wells Street 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: Legal 2‑unit layout with a 3‑bedroom first‑floor unit and a 2‑bedroom garden unit; Both units are vacant and feature updated kitchens and bathrooms; Separate furnaces, water heaters, electric meters, and gas service for each unit
More about this property
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