Skip To Content

    5448 W Potomac Avenue

    Chicago, IL 60651
    • $290,000
    • STATUS: Active Under Contract
    • ON SITE: 150 days
    • MLS #: 11067985
    Under Contract
    UPDATED: 58 min ago
    $290,000
    • 4
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    School District:
    299

    Description

    Buyer's financing fell through! Solid two-flat on a tree-lined street in Chicago's Austin neighborhood! Built in 1925, this brick building features two spacious units with two bedrooms, 1 bathroom each. First floor is a duplex down rented at $1100/mo through May 2022; tenant can exercise 1 year extension 60 days prior to end of term which would take the lease through May 2023 at $1150/mo. The second floor is a simplex rented for $1000/mo on MTM and can be vacated prior to closing. Each unit features a spacious living room with faux fireplace, formal dining room, hardwood floors, roomy bedrooms, and eat-in kitchens. ! Plus ! Enclosed porch and Large backyard. Detached two-car garage. Full, unfinished basement is accessible from front hall, interior of 1st floor, and exterior (back). Dry basement with drain tile and sump pump as well as plumbed for shower and toilet. Radiator heat. Boiler (1994); Water Heater (2005); Shingled roof ~5 years old. Possibility for adding central air via attic space on 2nd floor. No flat roof here! First floor tenant pays own electric and half of heating gas bill. Second floor tenant pays own electric and cooking gas. Turnkey investment! Check out the 3D tour of each floor. FHA ready (passed previous FHA inspection)! Older windows need replacement. As-is. Multiple offers - highest and best offer due by August 29 at 6 PM.

    Monthly Payment Calculator



    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-09-25T20:00:18.257 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
    www.thewexlergroup.com/homes/116523973
    Print Image

    5448 W Potomac Avenue Chicago, IL 60651

    • Price: $290,000
    • Status: Active Under Contract
    • Updated: 58 min ago
    • MLS #: 11067985
    4
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1925
    Built
    Neighborhood:
    Chi - Austin
    County:
    Cook
    Area:
    Chi - Austin
    Elementary School:
    Young Elementary School
    Middle School:
    Young Elementary School
    High School:
    Orr Community Academy High Schoo
    School District:
    299
    Property Description
    Buyer's financing fell through! Solid two-flat on a tree-lined street in Chicago's Austin neighborhood! Built in 1925, this brick building features two spacious units with two bedrooms, 1 bathroom each. First floor is a duplex down rented at $1100/mo through May 2022; tenant can exercise 1 year extension 60 days prior to end of term which would take the lease through May 2023 at $1150/mo. The second floor is a simplex rented for $1000/mo on MTM and can be vacated prior to closing. Each unit features a spacious living room with faux fireplace, formal dining room, hardwood floors, roomy bedrooms, and eat-in kitchens. ! Plus ! Enclosed porch and Large backyard. Detached two-car garage. Full, unfinished basement is accessible from front hall, interior of 1st floor, and exterior (back). Dry basement with drain tile and sump pump as well as plumbed for shower and toilet. Radiator heat. Boiler (1994); Water Heater (2005); Shingled roof ~5 years old. Possibility for adding central air via attic space on 2nd floor. No flat roof here! First floor tenant pays own electric and half of heating gas bill. Second floor tenant pays own electric and cooking gas. Turnkey investment! Check out the 3D tour of each floor. FHA ready (passed previous FHA inspection)! Older windows need replacement. As-is. Multiple offers - highest and best offer due by August 29 at 6 PM.
    Exterior Features

    Exterior Building Type Brick Foundation Details Concrete Perimeter Garage Onsite Yes Garage Ownersite Owned Garage Type Detached Is Parking Included In Price Yes Lot Size Oversized Chicago Lot Multi Family Type 2 Flat Parking Garage Parking Details Garage Roof Asphalt Waterfront YN No

    Interior Features

    Basement UnfinishedExterior Access Basement Details FullWalkout Bedrooms Below Grade 0 Bedrooms Total 4 Full Baths In Building 2 Half Baths In Building 0 Heating Radiator(S) Room Type Enclosed Porch Rooms Total 10

    Property Features

    Additional Parcels YN No Age 91-100 Years Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show No - Has Seller Written Direction Corporate Limits Chicago General Information Commuter Bus Insurance Expense 1880 New Construction YN No Ownership Fee Simple Rebuilt YN No Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 3897.8 Tax Year 2020 Total Numberof Unitsin Building 2 Total Rental Income 25800 Township West Chicago Type Two To Four Units Water Source Public Zoning Multi

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Re/Max Next.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-09-25T20:00:18.257 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11067985-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11067985-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11067985-1.jpg
    Logo
    The Wexler Group | Keller Williams Preferred Realty
    16123 S LaGrange Road
    Orland Park IL, 60467