Fixer Upper
Address
5448 W Potomac Avenue Chicago, IL
Price
$ 290,000
Property Attributes
  • MLS#11067985
  • TypeContingent
  • CountyCOOK
  • CityChicago
  • AreaCHI - Austin
  • NeighborhoodNorth Austin
  • Zip60651
  • Style
  • Year Built1925
  • Taxes$ 3897
  • Price$ 290,000
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage2100
Listing Provided Courtesy Of:
RE/MAX NEXT
Data Source:
Midwest Real Estate Data (MRED) - 103 - IL
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.

Elementary School Middle School High School
Young Elementary School Young Elementary School Orr Community Academy High Schoo
Price History
4/27/2021 Listed $290,000

General Features

Additional Parcels Y/N No
Basement Full, Walkout
City Chicago
Contingency Attorney/Inspection
County Cook
Days on Market 148
Directions Laramie (5200W) to Potomac (1300N), west to property
Elementary School Young Elementary School
Elementary School District 299
Garage Spaces 2
Heating Radiator(s)
High School Orr Community Academy High Schoo
High School District 299
Insurance Expense 1880
MLS Area CHI - Austin
Middle/Junior High School Young Elementary School
Middle/Junior School District 299
New Construction No
Ownership Fee Simple
Possession Closing, Tenant's Rights
Property Type Residential Income
Property Type Two to Four Units
Roof Asphalt
Sewer Public Sewer
Standard Status Active Under Contract
Status Contingent
Street Name Potomac
Tax Annual Amount 3897.8
Tax Year 2020
Total Rooms 10
Township West Chicago
Water Sewer Expense 1539
Year Built 1925
Zoning MULTI

Interior Features

Basement Unfinished, Exterior Access
Bedrooms Possible 4
Full Baths Building 2
Room Type Enclosed Porch
Street Suffix Avenue
Total Baths 2
Total Bedrooms 4

Exterior Features

Buyerofficefax (708) 524-1286
Exterior Brick
Foundation Details Concrete Perimeter
Garage Onsite Yes
Garage Ownership Owned
Garage Type Detached
Lot Dimensions 31 X 125
Water Source Public
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 60651

Price
AVG $310K
$290K
Taxes
AVG $3,215
$3,897
Visits
AVG 59
104
Year Built
AVG 1919
1925
Walkscore
AVG 73
69
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.