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$299,000   Price Analysis
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5548 S Union Ave
Chicago, IL 60621
5 bed 2 bath unknown SqFt ($0/SqFt)
4,792SqFt lot. Built 1905
Listed 2024-02-18
Ⓧ USDA Ineligible
due to location

near Chicago

Turnkey property.

Rehabbed solid brick 2 unit building. Perfect as an investment property OR buy as the owner and rent for additional income. Both units have been fully rehabbed in 2022. Updated plumbing and electrical. 1st floor unit features 2Beds and 1Bath. 2nd floor unit features 3Beds and 1Bath. Clean (unfinished) basement with good ceiling height allows for possible duplex down in the future.

Great location blocks from I90/94 with easy access to the City and the lake. 1 mile to CTA Red Line station. No garage, parking pad at the rear. Both units cu rrently tenant occupied. Tenants pay their own gas, heat and electric. 48hrs ntice required for showings. Showings available Tue (PM), Thurs (PM) and Sat (AM) with appointment. Possible loan assumption available with current lender at 4.625%. YES. you read that right. Buyer must qualify with the lender, must be owner occupant. See Additional Documents on MLS for loan assumption info.


Presented by Ronan Mcbrien at
Second City Real Estate.


Property MLS #11980982 from MRED

Bedrooms: 5
Bedrooms Possible: 5

Total Rooms: 13
Basement Features: Full
Basement Description: Unfinished

Total Bathrooms: 2
Full Bathrooms: 2

Heating Features: Natural Gas, Forced Air

Porch

Lot Size Acres: 0.11
Lot Size Square Feet: 4792

Parking Features: Off Street

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School: Disney Elementary School Magnet
High School: Phillips Academy High School
High School District: 299

Dewey Elementary Academy Of Fine Arts is a public elementary and middle school located approximately 0.2 miles away.
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Hope College Prep High School is a public high school located approximately 0.1 miles away.
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Visitation Catholic School is a private elementary and middle school located approximately 0.3 miles away.
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Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Total Rooms in Unit-1: 6
Total Rooms in Unit-2: 7
Unit 1 Total Actual Rent: 1170
Unit 2 Total Actual Rent: 1533

Annual Tax Amount: 2262.32
Source Listing Status: Active
County: Cook
Directions: Dan Ryan 90/94 to Garfield Blvd. Exit West, Proceed to Union Ave and South to the property.
Tax Year: 2022
Ownership: Fee Simple
Source Property Type: Residential Income
Parcel Number: 20161010510000
Township: Hyde Park
Zoning: MULTI
Property Subtype: Two to Four Units
Source System Name: C2C

Price Changed 2024-04-26
$299,000
MRED
Listed 2024-02-18
$309,000
MRED
Listing removed 2023-03-17
$279,900
MRED
Sold 2022-04-12
$285,000
MRED
Sold 2021-01-07
$85,000
MRED
Listed 2020-11-18
$90,000
MRED

Year Built: 1905
Foundation Details: Brick/Mortar
Property Age: 119
Roof: Flat

Sewer: Public Sewer
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.