5653 N Talman Avenue, Chicago IL 60659
Property Description
Excellent income-producing opportunity in the desirable Arcadia Terrace neighborhood of West Ridge. This beautifully updated all-brick 2-unit building offers exceptional flexibility for investors and owner-occupants alike, with two spacious 3-bedroom, 1-bathroom main units plus additional garden-level living space featuring 2 bedrooms and 1 bathroom. An owner-occupant can live comfortably in one main unit while renting the other, with additional rental potential from the garden-level space, subject to applicable use and occupancy requirements. A full cosmetic renovation was completed in 2019, including modern kitchens with stainless steel appliances and quartz countertops, updated bathrooms, and hardwood floors throughout the main units. The second-floor unit includes convenient in-unit laundry, while additional coin-operated laundry is available on the garden level. Enjoy a shared outdoor courtyard, perfect for relaxing or entertaining. Parking is a standout advantage, with a detached 2-car garage plus an exterior parking space for a third vehicle. Ideally located near West Ridge Nature Park, shopping, restaurants, schools, and public transportation, this well-maintained property combines flexible living arrangements, strong rental potential, valuable parking, and shared outdoor space in a highly desirable neighborhood.
Features & Information
Key Details
- List Price $785,000
- Property Taxes $6,541
- Year Built 1922
- Status Active
- List Market Time 7
Units
-
Unit 1
- Floor G
- Rooms 5
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner
- Rent $1,650/mo
- Tenant Pays Electric,Gas
- Lease Expires 11/26
-
Unit 2
- Floor 1
- Rooms 5
- Beds 3
- Baths 1
- Appliances Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Garage/Space, Hardwood Floors
- Rent $2,150/mo
- Tenant Pays Electric,Gas
- Lease Expires 04/27
-
Unit 3
- Floor 2
- Rooms 5
- Beds 3
- Baths 1
- Appliances Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Garage/Space, Hardwood Floors
- Rent $0/mo
- Tenant Pays Electric,Gas
- Lease Expires 0
Exterior Features
-
Parking
- # of Cars: 3
Building Information
- Number of Units 3
- Age of Building 100+ Years
Location
- County Cook
- Township Jefferson
- Corporate Limits Chicago
- Directions to Property Lincoln Ave East Of California North To Talman
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 6541
- Tax Year 2023
- Parcel Identification Number 13014280020000
Listed by Svetlana Oleinik for HomeSmart Connect | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 9/9/2026 5:02 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 Arcadia Terrace
With a rich multicultural influence reflected in the eclectic dining scene, Arcadia Terrace is a quiet tree-lined residential pocket of Chicago that is experiencing new growth and a rebirth of interest, thanks to recent revitalization along Lincoln Avenue. As the neighborhood's main commercial drag, Lincoln Avenue is where you'll find most of the action in Arcadia Terrace. A string of Asian restaurants, plus an American eatery and a unique Eastern European café are popular places to grab a bite around here. But the food scene stretches to the neighborhood's northern border as well, where fondue and West Indian baked goods reign supreme. Other Arcadia Terrace tastes include pizza (this is Chicago) and Irish brews (again, this is Chicago!). The local, non-conventional markets make it a cinch to make meals at home, especially if you've got a recipe for traditional Chinese dishes.
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