5527 West Potomac, Chicago IL 60651
$449,900

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Property Description

Don't miss this ideal investment opportunity-a professionally managed legal 2-flat withs g 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) One unit is currently vacant, and the second unit will be vacating at the end of the month-ideal for buyers looking to move in or set their own rents. 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!

Features & Information

Key Details

  • List Price $449,900
  • Property Taxes $4,862.78
  • Price/ Sq. Ft. Unavailable
  • Year Built 1918
  • Parking Type Garage
  • Status Price Change

Rooms

  • Total Rooms 14
  • Basement F

Exterior Features

  • Parking

  • Parking Details Garage
  • # of Cars:  2
  • # of Garage Spaces:  None/NA

Building Information

  • Number of Units 2
  • Age of Building 100+ Years
  • Exterior Construction Brick
  • Foundation Concrete
  • Heating & Cooling Gas
  • Units

  • Unit 1 Stove, Refrigerator
  • Unit 2 Stove, Refrigerator

Location

  • County Cook
  • Township West Chicago
  • Corporate Limits Chicago
  • Directions to Property Laramie To Potomac West To Property.
  • Schools

  • Elementary School District 299
  • School Name Disney Elementary School
  • Junior High District 299
  • School Name Young Elementary School
  • High School District: 299
  • School Name Prosser Career Academy Se
  • Property Taxes

  • Tax 4862.78
  • Tax Year 2023
  • Parcel Identification Number 16041250080000

Utilities

  • Sewer Sewer-Publ

Listed by: REMAX Legends | Phone: 630.216.8000
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 9/17/2025 7:02 PM. 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.

Explore North Austin

A diverse neighborhood of wide streets and single-family homes, North Austin is anchored by beautifully landscaped parks and recreation facilities. Long rows of brick bungalows and wood-frame houses epitomize North Austin, which has a limited amount of commercial business and nightlife. Instead, this west side Chicago community loves its tranquility and undeveloped nature. Public parks and playlots cover acres of neighborhood land with greenery, athletic fields, tennis and volleyball courts, jogging and walking paths, playground equipment and even an outdoor swimming pool. The indoor park facilities provide North Austin residents with gyms, meeting rooms and an auditorium.

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