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$479,000
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Property Description
Legal 2-Flat Chicago Style Brick Building - Great Investment Opportunity Well-maintained legal 2-flat with a garden unit located in the North Austin neighborhood of Chicago. This classic Chicago-style brick building features hardwood floors throughout and updated kitchens and bathrooms in the main units. The property has been freshly painted and is move-in ready. The first and second floor units each have strong rental potential, with projected rents between $1,800-$2,200 per month. Additional features include a two-car garage, a private backyard with space for grilling and outdoor gatherings, and a secure iron gate fence surrounding the property. Located in North Austin, this property is close to community amenities and activities for youth and families, making it an attractive opportunity for both investors and owner-occupants.
Full Property Details
Full Property Details for 5527 W Potomac Ave
General
- Sold For: $479,000
- Taxes: $5,022 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12578112
Rooms
Bathrooms
- Total Bathrooms: 3
- Bathroom Features: Soaking Tub
Bedrooms
- Total Bedrooms: 5
Additional Information
- Equipment: Carbon Monoxide Detectors, Water Heater-Gas
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: No Garage, Yes, Garage Owned, Detached, Garage
Location
- Area: CHI - Austin
- County: Cook
- Driving Directions: LARAMIE TO POTOMAC WEST TO PROPERTY.
School Information
- School District: 299
- Midd School District: 299
- Elementary School: Disney Elementary School Magnet
- Middle School: Young Elementary School
- High School: Prosser Career Academy Senior Hi
- Private School: Prosser Career Academy Senior Hi
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Finished, Exterior Entry, Full, Walk-Out Access
- Foundation: Concrete Perimeter
- Roof: Flat
- Windows: Screens
- Year Built: 1918
- Built Before 1978: Yes
- Remodeled/Updated: 2024
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 25 x 125
- Fence: Yes
- Zoning: MULTI
- Fencing (Description): Fenced
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1918
- Tax Amount: $5,022.93
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16041250080000
Listed by GMC Realty LTD
Sold by 606 Brokers LLC
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Schools
Schools serving 5527 W Potomac Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Young Elementary School 1434 North Parkside Avenue, Chicago, IL 60651 | PK-8 | 0.2 mi |
Orr Academy High School 730 North Pulaski Road, Chicago, IL 60624 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
5527 W Potomac Avenue, Chicago, IL 60651 (MLS# 12578112) is a Multi-Family property that was sold at $479,000 on April 30, 2026. Want to learn more about 5527 W Potomac Avenue? Do you have questions about finding other Multi-Family real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.

