5203 South Peoria, Chicago IL 60609
$699,000

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Property Description

Exceptional investment opportunity in the rapidly growing New City neighborhood! This brand-new LEGAL 4-unit gut rehab was completely rebuilt down to the studs, offering turnkey ownership with modern finishes and major system upgrades throughout. The property features a total of 8 bedrooms and 4 bathrooms across spacious units designed for strong rental appeal and low maintenance ownership. Major capital improvements include all new HVAC systems, plumbing, electrical, roof, windows, and a newly installed concrete parking pad with a secure front metal fence. Each unit showcases modern white shaker cabinetry, quartz countertops, stainless steel appliances, waterproof LVP flooring, in-unit laundry hookups, and updated contemporary finishes throughout. The property also includes partially finished basements offering additional storage or future value-add potential. Ideal for investors seeking a stabilized, low-maintenance asset with strong income potential in an appreciating area. Located near minutes from Rate Field, expressways, schools, transportation, shopping. Schedule a tour!

Features & Information

Key Details

  • List Price $699,000
  • Price/ Sq. Ft. Unavailable
  • Year Built 1925
  • Parking Type Space/s
  • Status New

Rooms

  • Total Rooms 16
  • Basement F

Exterior Features

  • Parking

  • Parking Details Space/s
  • # of Cars:  2

Building Information

  • Number of Units 4
  • Age of Building 100+ Years
  • Exterior Construction Brick
  • Heating & Cooling Forced Air
  • Units

  • Unit 1 Stove, Refrigerator, Microwave
  • Unit 2 Stove, Refrigerator, Microwave
  • Unit 3 Stove, Refrigerator, Microwave
  • Unit 4 Stove, Refrigerator, Washer, Microwave

Location

  • County Cook
  • Township Lake
  • Corporate Limits Chicago
  • Directions to Property Halsted N/s To 51st To Peoria South To Address
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 0.00
  • Tax Year 2025
  • Tax Exemptions None
  • Parcel Identification Number 20084140010000

Utilities

  • Sewer Sewer-Publ

Listed by: Cloud Gate Realty LLC | Phone: 773.888.1220
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 5/24/2026 10:32 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.

Explore Back of the Yards

The Back-of-the-Yards neighborhood is one of the original communities of the American Industrial Revolution. This was the site of radical social change that moved the country forward with progress in labor relations and how society views laborers. The slaughterhouses and harsh working conditions attracted both reformers and authors who acted as advocates for the everyman. Now the neighborhood is an intriguing place to explore, with a plethora of parks and a strong, diversified community that is expanding on its industrial base. Classic Chicago bungalows are joined by other single-family homes and some condominium conversions to give homeowners a wide range of real estate to choose from. Specialty grocery stores and an international selection of restaurants round out the backdrop of Chicago's Back-of-the-Yards neighborhood.

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