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$249,990 Just Listed
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Property Description
Exceptional investment opportunity in a rapidly developing area! This spacious property offers 6 bedrooms and 3 full bathrooms with a highly functional layout. The main level features 3 bedrooms and 1 full bath, the finished attic includes an additional bedroom and full bath, and the basement in-law arrangement offers 2 bedrooms and 1 full bath with separate living space. Each level has its own bathroom, making this property ideal for multi-generational living, house hacking, or rental income potential. With the right improvements, this home can be converted into a legal 2-unit property, creating strong cash flow opportunities. Priced under $250K, this is a rare value-add opportunity for investors looking to maximize returns. Sold as-is.
Full Property Details
Full Property Details for 2223 W 50th Pl
General
- Price: $249,990
- Taxes: $1,756 (2024)
- Status: Active
- Type: Single Family
- Source: MRED
- MLS ID: 12577844
- Updated: 2/26/2026
- Added to Site: 1 day(s) ago
Interior
- Basement: Finished, W
- Appliances: Range, Microwave, Refrigerator, Washer, Dryer
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
- Basement Baths: Yes
Bedrooms
- Total Bedrooms: 6
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Garage Owned, Detached, Garage
Location
- Area: CHI - Gage Park
- County: Cook
- Township: Lake
- Driving Directions: Head north on S Ashland Ave toward W 50th St. Turn right (east) onto W 50th St. Continue on W 50th St for about 2 blocks. Turn left (north) onto S Oakley Ave. Take the first right (east) onto W 50th Pl. The destination 2223 W 50th Pl will be on your left.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Structural Information
- Architectural Info: Contemporary, Tudor
- Architectural Style: Contemporary, Tudor
- Construction: Aluminum Siding
- Exterior Const.: Aluminum Siding
- Basement: Yes
- Basement Desc.: Finished, Walk-Up Access, Full
- Roof: Shake
- Square Feet: 2,400
- Sq. Ft. Source: Landlord/Tenant/Seller
- Year Built: 1898
- Built Before 1978: Yes
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 25 x 125
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1898
- Tax Amount: $1,756.83
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20071230110000
Listed by Shopping Casas Chicago LLC
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Schools
Schools serving 2223 W 50th Pl
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Nightingale Elementary School 5250 South Rockwell Street, Chicago, IL 60632 | K-8 | 0.5 mi |
Thomas Kelly College Preparatory 4136 South California Avenue, Chicago, IL 60632 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2223 W 50th Pl
Date
Details
Price
Change
Source
2/26/2026
Listed
$249,990
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2223 W 50th Pl
Year
Property Taxes
Change
Tax Assessment
Change
2023
$994
5%
$8,000
—
2022
$947
1%
$8,000
—
2021
$939
14%
$8,000
18%
2020
$821
-5%
$6,764
-12%
2019
$861
2%
$7,687
—
2018
$845
-13%
$7,687
-2%
2017
$976
-10%
$7,879
—
2016
$1,085
12%
$7,879
—
2015
$970
-9%
$7,879
-5%
2014
$1,065
3%
$8,266
—
2013
$1,033
-1%
$8,266
—
2012
$1,044
—
$8,266
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2223 W 50th Pl
2223 W 50th Place, Chicago, IL 60609 (MLS# 12577844) is a Single Family property with 6 bedrooms and 3 full bathrooms. 2223 W 50th Place is currently listed for $249,990 and was received on February 26, 2026. Want to learn more about 2223 W 50th Place? Do you have questions about finding other Single Family real estate for sale in Gage Park? You can browse all Gage Park real estate or contact a Coldwell Banker agent to request more information.

