5527 W Potomac Ave

$449,900
Price
5
Beds
2,200 Sq. Ft.
$205 / Sq. Ft.
2,200
Sq. Ft.
$205
per Sq. Ft.

Description

Don't miss this ideal investment opportunity-a professionally managed legal 2-flat with a garden-level in-law unit in Chicago's growing Austin neighborhood. This classic brick building combines vintage charm with modern updates, making it a great fit for investors or owner-occupants alike. The property includes a 2-bed, 1-bath main-floor unit and a 3-bed, 1-bath upper unit with an enclosed porch that works perfectly as a den or third bedroom. The garden apartment is currently rented for $1,050/month...Don't miss this ideal investment opportunity-a professionally managed legal 2-flat with a garden-level in-law unit in Chicago's growing Austin neighborhood. This classic brick building combines vintage charm with modern updates, making it a great fit for investors or owner-occupants alike. The property includes a 2-bed, 1-bath main-floor unit and a 3-bed, 1-bath upper unit with an enclosed porch that works perfectly as a den or third bedroom. The garden apartment is currently rented for $1,050/month to a dependable, long-term tenant. Combined with parking income ($130) The other two units are vacant and ready for showings. Live in one unit, rent the others. Each unit features spacious layouts with hardwood floors, separate living and dining rooms, and eat-in kitchens. Extras include a fenced backyard, 2-car garage, recent interior updates (completed in early 2024), and low property taxes (no homeowner exemption currently applied). Located near major bus routes and expressways with a Walk Score of 78, this is a solid, flexible asset in a prime location. FHA buyers welcome. Schedule your showing today and make a smart move!
  1. Listed by Kathy Szuba • REMAX Legends
    P: (708)-655-4020 C: (708)-655-4020 Szubarealtor@gmail.com

Property Details for 5527 West Potomac Avenue

Area
CHI - Austin
Township
West Chicago
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas
Zoning
MULTI
LISTING UPDATED: 12/09/2025 12:06 AM

Property Details for 5527 West Potomac Avenue

StatusActive
MLS #12522579
Days on Market22
Taxes$4,863 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1918
Lot Size0.07 AC / 3,125 SF
CountyCook County

Location

Listing Courtesy of REMAX Legends
Add your commute

Building Information for 5527 West Potomac Avenue

Stories-Residences2Year Built1918Building Size-Lot Size0.07 AC / 3,125 SF

Payment Calculator

$2,628 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,223

Property Taxes

$405

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5527 West Potomac Avenue

General Information
School Information
  • Elementary School District: 299
  • Elementary School: Disney Elementary School Magnet
  • Jr High Middle School: Young Elementary School
  • High School District: 299
  • High School: Prosser Career Academy Senior Hi
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking Details: No Garage, Yes, Garage Owned, Detached, Garage
Location and General Information
  • Postal Code Plus 4: 0
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 14
  • Bedrooms Total: 5
  • Bedrooms (Below Grade): 0
  • Community Features: Curbs, Gated, Sidewalks, Street Lights, Street Paved
  • Bath Amenities: Soaking Tub
  • Basement Type: Finished, Exterior Entry, Full, Walk-Out Access
  • Bedrooms Possible: 5
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Room Type: Enclosed Porch
  • Num of Baths: 3.0
Exterior Features
  • Fencing: Fenced
  • Patio And Porch Features: Porch
Utilities / Equipment
  • Sewer: Sewer-Public, Other
  • Water: Lake Michigan
  • Other Equipment: CO Detectors, Water Heater-Gas
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2024
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25X125
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Construction: Brick
  • Roof Type: Flat
  • Foundation Details: Concrete Perimeter
  • General Information: None
  • North Coordinate: 1400
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 5527
  • 3 Br Un In Bldg: Yes
  • Conversion: N
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 35
  • Deconversion: N
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $1,539.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 03/25
Unit 2
  • Unit Type Actual Rent: $1,864.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 08/25

Property History for 5527 West Potomac Avenue

DateEvent & SourcePriceAppreciation
Dec 3, 2025

Listed (Active)

MRED #12522579

$449,900
Nov 24, 2025

Contingent

MRED #12522579

Nov 22, 2025

Listed (Active)

MRED #12522579

$449,900
Nov 21, 2025

Expired

MRED #12452123

$449,900
Aug 21, 2025

Listed (Active)

MRED #12452123

$460,000
Aug 19, 2025

Cancelled

MRED #12409403

$460,000
Jul 7, 2025

Temporarily Off Market

MRED #12409403

$460,000
Jul 2, 2025

Listed (Active)

MRED #12409403

$460,000
Jul 2, 2025

Cancelled

MRED #12379415

$475,000
May 30, 2025

Cancelled

MRED #12328890

$485,000
May 30, 2025

Listed (Active)

MRED #12379415

$475,000
May 27, 2025

Pending

MRED #12328890

May 2, 2025

Listed (Active)

MRED #12328890

$485,000
May 20, 2022

Sold

MRED #11330374

$207,375
Mar 21, 2022

Pending

MRED #11330374

Mar 20, 2022

Contingent

MRED #11330374

Mar 2, 2022

Listed (Active)

MRED #11330374

$200,000
Mar 1, 2022

Contingent

MRED #11330374

Feb 22, 2022

Listed (Active)

MRED #11330374

$200,000
Mar 31, 2020

Cancelled

MRED #10678575

$230,000
Mar 27, 2020

Listed (Active)

MRED #10678575

$230,000
Mar 10, 2009

Cancelled

MRED #06959473

$330,000
Jul 15, 2008

Listed (Active)

MRED #06959473

$330,000
Jul 13, 2008

Cancelled

MRED #06774332

$330,000
Jan 16, 2008

Listed (Active)

MRED #06774332

$369,900
Jan 10, 2008

Expired

MRED #06667826

$359,500
Sep 10, 2007

Listed (Active)

MRED #06667826

$374,500
Sep 6, 2007

Expired

MRED #06542121

$374,500
Jun 6, 2007

Listed (Active)

MRED #06542121

$399,900
DateEvent & SourcePrice
12/03/2025

Listed (Active)

MRED #12522579

$449,900
11/24/2025

Contingent

MRED #12522579

11/22/2025

Listed (Active)

MRED #12522579

$449,900
11/21/2025

Expired

MRED #12452123

$449,900
08/21/2025

Listed (Active)

MRED #12452123

$460,000
08/19/2025

Cancelled

MRED #12409403

$460,000
07/07/2025

Temporarily Off Market

MRED #12409403

$460,000
07/02/2025

Listed (Active)

MRED #12409403

$460,000
07/02/2025

Cancelled

MRED #12379415

$475,000
05/30/2025

Cancelled

MRED #12328890

$485,000
05/30/2025

Listed (Active)

MRED #12379415

$475,000
05/27/2025

Pending

MRED #12328890

05/02/2025

Listed (Active)

MRED #12328890

$485,000
05/20/2022

Sold

MRED #11330374

$207,375
03/21/2022

Pending

MRED #11330374

03/20/2022

Contingent

MRED #11330374

03/02/2022

Listed (Active)

MRED #11330374

$200,000
03/01/2022

Contingent

MRED #11330374

02/22/2022

Listed (Active)

MRED #11330374

$200,000
03/31/2020

Cancelled

MRED #10678575

$230,000
03/27/2020

Listed (Active)

MRED #10678575

$230,000
03/10/2009

Cancelled

MRED #06959473

$330,000
07/15/2008

Listed (Active)

MRED #06959473

$330,000
07/13/2008

Cancelled

MRED #06774332

$330,000
01/16/2008

Listed (Active)

MRED #06774332

$369,900
01/10/2008

Expired

MRED #06667826

$359,500
09/10/2007

Listed (Active)

MRED #06667826

$374,500
09/06/2007

Expired

MRED #06542121

$374,500
06/06/2007

Listed (Active)

MRED #06542121

$399,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 5527 West Potomac Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 9 to 12
Public - 9 to 12
Rating
School
Distance
Young Elementary School
PublicPK to 8

Orr Academy High School
Public9 to 12

YCCS West
Charter9 to 12

Douglass Academy High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

Similar Sold Homes

5527 West Potomac Avenue is a multi-family home for sale in Chicago, IL 60651. This property was listed for sale on November 22, 2025 by REMAX Legends, it's currently listed at $449,900. It has been on the market for a total of 22 days and was last sold on May 20, 2022. This listing's school district is Chicago Public Schools. Nearby schools include Young Elementary School, Orr Academy High School and YCCS West. 5527 West Potomac Avenue is a 5-bed, 3-bath, 2,200 sqft multi-family home built in 1918.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of REMAX Legends

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/09/2025 12:06 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.