5401 S Wood St, # 2, Chicago, IL 60609

5401 S Wood Ave Unit 2 (1st Floor) | Chicago, IL 60609 Comfort, Convenience, and Value All in One Place Imagine coming home to a freshly updated apartment where every detail has been thoughtfully refreshed and is ready for you from day one. Located on the first floor in Chicago's Back of the Yards / New City neighborhood, this inviting one-bedroom home combines modern finishes, functional living space, and everyday convenience all at an affordable price. Situated just one block south of Garfield Boulevard, you'll enjoy quick access to shopping, restaurants, schools, parks, public transportation, and major expressways while coming home to a quiet residential street. Step inside and you'll immediately appreciate the clean, contemporary design. Wood-look luxury plank flooring flows seamlessly throughout the apartment, while the stylish two-tone paint scheme with chair-rail accents adds depth and character, creating a polished look that complements any decor. The spacious living room offers an open layout that's ideal for relaxing after work, hosting friends, setting up a home office, or simply enjoying your own space. The bedroom is generously sized and designed for practical everyday living. Two separate bi-fold closets provide excellent storage, giving you plenty of room for clothing, seasonal items, and personal belongings without sacrificing floor space. Large windows allow natural light to fill the room, creating an open and welcoming atmosphere. The thoughtfully designed galley kitchen is both functional and attractive, featuring white shaker cabinetry, granite-look countertops, a stainless steel sink, a full-size refrigerator, and a four-burner gas range with oven everything you need to prepare meals comfortably from the day you move in. One of this home's standout features is the private first-floor balcony, accessed directly from the kitchen. Whether you're bringing in groceries, receiving deliveries, enjoying your morning coffee outdoors, or simply stepping outside for fresh air, this convenient outdoor space provides an added level of accessibility that's rarely available in similar apartments. The updated bathroom continues the home's modern appeal with a full tub and shower, elegant marble-look tile surround, decorative mosaic accent band, a wall-mounted mirrored medicine cabinet, modern vanity, and durable flooring that's easy to maintain. Whether you're renting your first apartment, downsizing, or simply looking for a clean, updated home that's professionally managed, 5401 S Wood Ave Unit 2 offers exceptional value, practical features, and a location that makes everyday living convenient. From the functional floor plan to the private outdoor access, this apartment is designed to make you feel at home the moment you walk through the door. Monthly Rent $950.00 per Month Apartment Features 1 Bedroom / 1 Bathroom Unit 2, First Floor Wood-look luxury plank flooring throughout Spacious living room Large bedroom with two closets Two-tone paint with chair-rail detail White shaker kitchen cabinets Granite-look countertops Stainless steel kitchen sink Full-size refrigerator included Four-burner gas stove with oven included Updated bathroom with tiled tub/shower surround Wall-mounted medicine cabinet Private first-floor balcony with easy, ground-level access Mini blinds throughout Professionally managed property Parking available (additional monthly fee) Appliances Included: Refrigerator Gas Range with Oven Utilities Tenant Pays: Heat, Cooking Gas, Electric Owner Pays: Water, Garbage Parking Available for an additional monthly fee. The Neighborhood Located near 54th Street and Wood Avenue in Chicago's Back of the Yards / New City neighborhood, this apartment offers convenient access to shopping, restaurants, schools, parks, and major transportation routes. Garfield Boulevard provides easy connections throughout the city while maintaining a residential neighborhood atmosphere. Nearby Schools New City Elementary School Chavez Multicultural Academic Center Back of the Yards College Preparatory High School Holy Cross School Transportation Convenient access to: CTA bus routes along Garfield Boulevard and nearby major streets CTA Red Line (Garfield Station) via a short drive or bus ride Dan Ryan Expressway (I-90/94) Walkability Residents enjoy convenient access to grocery stores, restaurants, pharmacies, schools, parks, and public transportation. Many daily errands can be completed on foot, while a vehicle provides additional convenience for larger shopping trips and commuting. Why You'll Love This Home Move-in ready Freshly updated throughout Spacious floor plan Modern flooring Updated kitchen and bathroom Two bedroom closets for extra storage Private first-floor balcony with easy access Great natural light Affordable rent Convenient location Professionally managed Occupancy Standard In accordance with Cook County occupancy guidelines, occupancy is limited to two (2) persons per bedroom unless otherwise permitted by applicable law. Chicago Residential Landlord & Tenant Ordinance (CRLTO) This property is professionally managed in compliance with the Chicago Residential Landlord and Tenant Ordinance (CRLTO). All required disclosures will be provided before lease signing. Rental Application & Underwriting Process Thank you for your interest in our property. To ensure a fair, consistent, and transparent screening process, all applicants must complete the following steps. Step 1: Schedule a Property Showing All prospective applicants are encouraged to view the property before submitting an application. Step 2: Submit an Application Each adult (18 years of age or older) who will occupy the property must submit a separate application. Application Fees (Non-Refundable) Primary Applicant: $35.00 Each Additional Adult (18+): $20.00 Once all applications have been received, the underwriting process will begin. Step 3: First Underwriting Review Income Verification Our first underwriting review focuses on verifying the household's financial qualifications and ability to meet the rental obligation. To be considered, applicants must: Have a combined gross monthly household income of at least three (3) times the monthly rent. Provide three (3) months of bank statements. Provide three (3) months of paycheck stubs or other acceptable proof of income. Provide two (2) valid government-issued forms of identification for each adult applicant. If additional verification is needed due to inconsistencies or gaps in the documentation provided, we may request up to two (2) additional months of supporting financial documentation before proceeding. For your privacy, applicants may black out bank account numbers or other sensitive account information. However, your full name, address, financial transactions, and all other required information must remain clearly visible and legible on all submitted documentation. Our underwriting team reviews all documentation to verify financial stability, income consistency, and the household's ability to satisfy the monthly rental obligation. Step 4: Second Underwriting Review Third-Party Screening Applicants who successfully complete the initial income underwriting review will move to the second phase of the screening process. This review is completed through our third-party screening provider, RentSpree. Third-Party Screening Fee $49.99 per adult applicant The third-party screening includes: Credit Report Credit Score Review Rental History Review Eviction History Review Criminal Background Screening (performed in compliance with all applicable Chicago Fair Housing and Fair Chance Housing Ordinances) Minimum screening requirements include: Minimum credit score of 550 No evictions within the past 10 years Move-In Costs Non-Refundable Move-In Fee: $475.00 Non-Refundable Administrative Fee: $300.00 First Month's Rent: $950.00 Total Move-In Cost: $1,725.00 Occupancy Standards Maximum occupancy is two (2) persons per bedroom. Children two (2) years of age and younger are not counted toward the occupancy limit. Important Information All application and screening fees are non-refundable. Every adult (18 years of age or older) must complete the application and screening process. Applications must be complete before they can be reviewed. Additional documentation may be requested at any time during the underwriting process. Providing false, misleading, altered, or incomplete information may result in denial of the application. Meeting the minimum qualification requirements does not guarantee approval. Each application is reviewed as a whole using our established underwriting guidelines and applicable fair housing laws. We appreciate your interest in renting with us and look forward to assisting you throughout the application process. I and J Good Rentals LLC Office Hours: Mon - Fri (10 am - 3 pm) Lease Terms Move-In Costs Move-In Fee (Non-Refundable): $475.00 Administrative Fee (Non-Refundable): $300.00 First Month's Rent (Non-Refundable): $950.00 Total Cost to Move-In (Non-Refundable): $1,725.00 Occupancy Standards Maximum occupancy: Two (2) persons per bedroom Children two (2) years of age and under are not counted toward occupancy limits. Identification Requirements Two (2) valid forms of government-issued identification are required for each adult applicant. Screening Process (Two-Step Review) Step 1: Preliminary Income Review Income documentation is reviewed first to confirm affordability. Applicants who meet the income requirements may proceed to Step 2. Step 2: Full Screening (via Third Party) Credit review: $50.00 per adult Eviction history review Credit Criteria * Minimum credit score: 550 or higher * Credit history is reviewed as part of the overall application package. * No single factor is considered in isolation. Eviction History No evictions within the past ten (10) years * The eviction was dismissed. * The eviction was never executed. * The eviction was legally vacated or removed. Criminal Background Review Criminal background screening (Chicago-compliant) is conducted only after income verification and credit qualification requirements have been met. Additional Notes * All adults 18 years of age or older must submit an application and complete the screening process. * Applications must be complete to be considered. * Providing false or misleading information may result in denial. * Meeting the minimum screening criteria does not guarantee approval. I and J Good Rentals LLC Office Hours: Mon - Fri (10 am - 3 pm)