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Duplex with Partially Finished Basement
For Sale
$71,250
Pending

5538 S Perry Avenue, Chicago, IL 60621

Residential Income, Chicago, IL

Property SizeContact for details
Lot Size0.05 Acres
Days on Market83

Property Features for 5538 S Perry Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Basement, Bathroom 1
Patio and Porch features Porch
Basement Partially Finished, Full
Elementary school district 299
Middle school district 299
High school district 299
Directions 55th St. East or West to Perry then South to the property.
Subdivision CHI - Washington Park
Standard status Pending
APN 20162050290000
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 1352

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Water source Public

Building Details

Year built 1888
Building materials Vinyl Siding, Stone
Roof type Asphalt
Listing Agency: Trademarks & Associates
Listed By: Tamika Marks · License #471006293
Added: Jun 3 Changed: Aug 21 Last Checked: Aug 24 at 4:06PM
MLS# 12667592

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, built in 1888, contains two residential units with matching two-bedroom, one-bath configurations. A partially finished basement adds supplementary interior space, while a porch provides an additional exterior feature. The structure combines vinyl siding and stone construction beneath an asphalt roof and is heated by natural gas.

The property occupies a 0.05-acre lot at 5538 S Perry Avenue in Chicago’s 60621 postal area. Public water and public sewer serve the property, and MULTI zoning is identified. Washington Park, the University of Chicago, shopping, dining, public transportation, the Dan Ryan Expressway, and the Obama Presidential Center are cited in the surrounding context.

Key Highlights

  • Two‑unit duplex with 2 bedrooms and 1 bath in each unit
  • Partially finished basement provides additional interior space
  • 0.05‑acre lot at 5538 S Perry Avenue, Chicago, IL 60621

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Building Supply Real Estate Agency Dental Office HVAC Service 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

831
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 - Two residential units feature matching two-bedroom, one-bath layouts and shared access to supplemental basement space.
Where is this duplex located?
The property is located at 5538 S Perry Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $71,250.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bath in each unit; Partially finished basement provides additional interior space; 0.05‑acre lot at 5538 S Perry Avenue, Chicago, IL 60621
More about this property
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