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$235,000
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Property Description
Affordable 2-unit property offering a rare opportunity for both investors and owner-occupants looking to house hack in the New City / Englewood area. Live in one unit while generating rental income from the other to lessen your monthly expenses, or fully rent both units for steady cash flow. Each unit features a practical layout with separate living spaces, allowing for flexible use and rental optimization. Property is priced to reflect condition and is being sold as-is, making it an ideal value-add opportunity for buyers seeking to renovate, increase rents, and build equity over time. Strong rental demand in the area, easy access to public transportation, major roadways, and neighborhood amenities. With continued investment and redevelopment throughout the South Side, this property presents long-term upside for both appreciation and income growth. Perfect for first-time investors, house-hackers, or experienced buyers looking for a low entry point multi-unit asset. Tenants are on a month-to-month basis.Basement is unfinished.Bring your vision
Full Property Details
Full Property Details for 5624 S Lowe Ave
General
- Sold For: $235,000
- Taxes: $3,817 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12556621
- Added to Site: 74 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Parking
- Total Spaces: 2
- Parking Features: Off-Alley, Yes, Owned
Location
- Area: CHI - Englewood
- County: Cook
- Driving Directions: Halsted to 57th St - E to Lowe - N to Address
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Lake Michigan, Public
Structural Information
- Construction: Frame
- Exterior Const.: Frame
- Basement Desc.: Unfinished, Full
- Year Built: 1893
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 25 x 124.7
Financial Considerations
- Assessment Year: 1893
- Tax Amount: $3,817.5
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20161020740000
Listed by Fulton Grace Realty
Sold by ALLURE Real Estate
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Schools
Schools serving 5624 S Lowe Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Dewey Elementary Academy Of Fine Arts 5415 South Union Avenue, Chicago, IL 60609 | PK-8 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5624 S Lowe Ave
Date
Details
Price
Change
Source
3/30/2026
Sold
$235,000
-6%
MLS
1/30/2026
Listed
$249,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5624 S Lowe Avenue, Chicago, IL 60621 (MLS# 12556621) is a Multi-Family property that was sold at $235,000 on March 30, 2026. Want to learn more about 5624 S Lowe Avenue? Do you have questions about finding other Multi-Family real estate for sale in Englewood? You can browse all Englewood real estate or contact a Coldwell Banker agent to request more information.

