Two-Unit Duplex with Partial
For Sale
Contact for pricing
Pending
5538 South Perry Avenue, Chicago, IL 60621
Two apartments, each with 2 bedrooms and 1 bath, plus a partially finished basement for added flexibility.
Property Size1,527 SF
Days on Market71
Property Features for 5538 South Perry Avenue
General Information
Standard status
Pending
Size
1,527 SF
Class
D
Property subtype
Multifamily
Zoning
Multi-Family
Investment Type
Value Add
Additional Details
Multifamily Units
2
Building Details
Year Built
1888
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Trademarks & Associates LLC
(773) 656-9895
Listed By:
Tamika Marks · License #IL 471006293
Source:
Crexi
Added: Jun 11
Changed: Aug 8
Last Checked: Aug 4 at 5:54AM
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 Trademarks & Associates LLC
Investment Insights
Based on property information with market context.
This two-unit duplex offers two separate apartments, with each unit featuring 2 bedrooms and 1 bathroom. The property includes a partially finished basement that can serve as additional functional space for storage, hobbies, recreation, or other personal or operational needs, depending on how an owner plans to use the layout. Overall, it provides a practical foundation for an owner-operator or investor who wants to apply updates over time.
The property is located at 5538 South Perry Avenue in Chicago, IL 60621. Public remarks highlight convenient access to nearby green space, walking paths, recreational amenities, and community attractions connected with Washington Park. The area is described as having improved access to the University of Chicago, shopping, dining, public transportation, and the Dan Ryan Expressway, and it also references ongoing investment related to the Obama Presidential Center.
With two 2-bedroom, 1-bath units, the property may appeal to buyers seeking a straightforward income-producing structure where each apartment supports residential living needs. The partially finished basement adds usable square footage beyond the primary living areas, offering room to adapt the property to changing preferences. Buyers should consider the opportunity for thoughtful updates as reflected in the property description and plan for how they intend to finish and utilize the basement space.
The property is located at 5538 South Perry Avenue in Chicago, IL 60621. Public remarks highlight convenient access to nearby green space, walking paths, recreational amenities, and community attractions connected with Washington Park. The area is described as having improved access to the University of Chicago, shopping, dining, public transportation, and the Dan Ryan Expressway, and it also references ongoing investment related to the Obama Presidential Center.
With two 2-bedroom, 1-bath units, the property may appeal to buyers seeking a straightforward income-producing structure where each apartment supports residential living needs. The partially finished basement adds usable square footage beyond the primary living areas, offering room to adapt the property to changing preferences. Buyers should consider the opportunity for thoughtful updates as reflected in the property description and plan for how they intend to finish and utilize the basement space.
Key Highlights
- Frame 2‑unit property built in 1888
- Each unit offers 2 bedrooms and 1 bath
- Partially finished basement provides additional flexible space
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
831
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two apartments, each with 2 bedrooms and 1 bath, plus a partially finished basement for added flexibility.
Where is this duplex located?
The property is located at 5538 South 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: Frame 2‑unit property built in 1888; Each unit offers 2 bedrooms and 1 bath; Partially finished basement provides additional flexible space
