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$110,000
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Property Description
Located in sought after Gage Park, this is a rare two unit property which offers an unlimited amount of upside and potential. The building offers a unit on the main level that features a spacious kitchen, two bedrooms along with a large living room! The second level is the more spacious of the two units with a larger living room along with a formal dining room. This unit offers three bedrooms, one bath. This building needs updates but has unlimited potential, can be used as the current use of a multi unit while creating passive cash flow in each unit, another option is to convert to a single family residence while building equity or live in one unit and rent out the other! Rarely do you find a multi unit in Gage Park under $200K this building will not last at this price basis and should not be overlooked!
Full Property Details
Full Property Details for 5806 S Talman Ave
General
- Sold For: $110,000
- Taxes: $2,054 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12455003
- Added to Site: 175 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Detached, Garage
Location
- Area: CHI - Gage Park
- County: Cook
- Driving Directions: Head north on S Talman Ave from 6930 toward 5806.
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Frame
- Exterior Const.: Frame
- Basement Desc.: Unfinished, Full
- Year Built: 1908
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 41 x 110
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1908
- Tax Amount: $2,054
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: REO/Lender Owned
- Property ID: 19132220180000
Listed by RE/MAX Premier
Sold by Kale Realty
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Schools
Schools serving 5806 S Talman Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Carson Elementary School 5516 South Maplewood Avenue, Chicago, IL 60629 | PK-8 | 0.4 mi |
Gage Park High School 5630 South Rockwell Street, Chicago, IL 60629 | 9-12 | 0.2 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 5806 S Talman Ave
Date
Details
Price
Change
Source
2/05/2026
Sold
$110,000
-18.46%
MLS
12/03/2025
Price Reduced
$134,900
-12.91%
MLS
10/27/2025
Price Reduced
$154,900
-3.13%
MLS
9/24/2025
Price Reduced
$159,900
-5.89%
MLS
8/25/2025
Listed
$169,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5806 S Talman Avenue, Chicago, IL 60629 (MLS# 12455003) is a Multi-Family property that was sold at $110,000 on February 05, 2026. Want to learn more about 5806 S Talman Avenue? Do you have questions about finding other Multi-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.

