Introducing a stunning brick modern multifamily building that perfectly blends style and functionality. This exquisite two-story property boasts two beautifully renovated units, each featuring three spacious bedrooms and a full bath, ideal for families or tenants. Step inside to discover the heart of the home - gorgeous kitchens adorned with 42-inch white shaker cabinets and luxurious Carrera quartz countertops. With upgrades include a newer roof, garage, and porch, furnaces and air conditioning units, this property offers peace of mind. The bathrooms are thoughtfully designed with modern vanities, sleek lighting, stylish faucets, mirrors, and fixtures. This multifamily gem is perfect for owner-occupants looking to reside in one unit while renting out the other or for investors seeking a turnkey property. Plus, the basement is supports an in-law suite build-out, adding even more potential square footage to this remarkable offering. Don't miss the chance to make this modern multifamily building your new home or investment opportunity!
Closed
$505,000
5505 W Potomac Ave, Chicago, IL 60651
6beds
--sqft
Multi Family
Built in 1918
-- sqft lot
$531,700 Zestimate®
$--/sqft
$1,843 Estimated rent
Home value
$531,700
$479,000 - $590,000
$1,843/mo
Zestimate® history
Owner options
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$1,843/mo
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$3,562/mo
Est. payment
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$3,562/mo
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List your homeWhat's special
Modern vanitiesStylish faucetsSpacious bedroomsSleek lightingBeautifully renovated unitsGorgeous kitchensLuxurious carrera quartz countertops
Zillow last checked:
Listing updated:
Listed by:
Richard Harnik 708-257-1257,
First Midwest Realty LLC
Bought with:
Whitney Walker
Kale Realty
Source: MRED as distributed by MLS GRID,MLS#: 12336211
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 4
- Parking features: Garage Door Opener, Carport, On Site, Garage Owned, Detached, Off Alley, Owned, Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
Lot
- Size: 3,920 Square Feet
Details
- Parcel number: 16041250150000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Brownstone
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1918
- Major remodel year: 2021
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Community
- Features: Curbs, Sidewalks, Street Lights, Street Paved
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $400,010
- Annual tax amount: $4,936
- Date on market: 4/11/2025
- Listing terms: FHA
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2025 | Sold | $505,000 |
Source:  MRED as distributed by MLS GRID #12336211 Report a problem | ||
| 6/23/2025 | Contingent | $505,000 |
Source: MRED as distributed by MLS GRID #12336211 Report a problem | ||
| 5/24/2025 | Price change | $505,000-1% |
Source: MRED as distributed by MLS GRID #12336211 Report a problem | ||
| 4/11/2025 | Listed for sale | $510,000 |
Source: MRED as distributed by MLS GRID #12336211 Report a problem | ||
| 2/14/2025 | Listing removed | $510,000 |
Source: MRED as distributed by MLS GRID #12204726 Report a problem | ||
| 12/4/2024 | Listed for sale | $510,000+2% |
Source: MRED as distributed by MLS GRID #12204726 Report a problem | ||
| 3/20/2024 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11983947 Report a problem | ||
| 3/2/2024 | Price change | $499,900-2% |
Source: MRED as distributed by MLS GRID #11983947 Report a problem | ||
| 2/18/2024 | Listed for sale | $510,000+6.5% |
Source: MRED as distributed by MLS GRID #11983947 Report a problem | ||
| 10/31/2023 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11879218 Report a problem | ||
| 9/11/2023 | Contingent | $479,000 |
Source: MRED as distributed by MLS GRID #11879218 Report a problem | ||
| 9/7/2023 | Listed for sale | $479,000+8.9% |
Source: MRED as distributed by MLS GRID #11879218 Report a problem | ||
| 2/2/2022 | Sold | $440,000-1.1% |
Source: MRED as distributed by MLS GRID #11283070 Report a problem | ||
| 12/21/2021 | Contingent | $445,000 |
Source: MRED as distributed by MLS GRID #11283070 Report a problem | ||
| 12/7/2021 | Listed for sale | $445,000-3.3% |
Source: MRED as distributed by MLS GRID #11283070 Report a problem | ||
| 12/7/2021 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11275097 Report a problem | ||
| 11/22/2021 | Listed for sale | $460,000+170.6% |
Source: MRED as distributed by MLS GRID #11275097 Report a problem | ||
| 5/11/2021 | Sold | $170,000+123.7% |
Source: Public Record Report a problem | ||
| 11/30/2020 | Sold | $76,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $40,001 +66.7% |
| 2023 | $5,064 +2.6% | $24,000 |
| 2022 | $4,936 +2.3% | $24,000 |
| 2021 | $4,826 +40.1% | $24,000 +55.2% |
| 2020 | $3,445 +684.9% | $15,466 -12% |
| 2019 | $439 +1.5% | $17,576 |
| 2018 | $432 -6.6% | $17,576 -17.8% |
| 2017 | $463 -47.6% | $21,389 |
| 2016 | $884 +4% | $21,389 |
| 2015 | $850 +0.9% | $21,389 +10.5% |
| 2014 | $842 -0.4% | $19,365 |
| 2013 | $845 +6.8% | $19,365 |
| 2012 | $791 +0.9% | $19,365 -6.4% |
| 2011 | $784 +10.6% | $20,697 |
| 2010 | $709 +6.6% | $20,697 |
| 2009 | $665 -7.2% | $20,697 -23.1% |
| 2008 | $716 -9.6% | $26,913 |
| 2007 | $793 -79.5% | $26,913 |
| 2006 | $3,864 +294.6% | $26,913 +54.9% |
| 2005 | $979 -4.8% | $17,369 |
| 2004 | $1,028 -8% | $17,369 |
| 2003 | $1,117 -11.6% | $17,369 +27.3% |
| 2002 | $1,264 -46.5% | $13,646 |
| 2001 | $2,363 +59.4% | $13,646 |
| 2000 | $1,483 -3.8% | $13,646 +20.3% |
| 1999 | $1,541 | $11,341 |
Find assessor info on the county website
Neighborhood: North Austin
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Nearby schools
GreatSchools rating
- 3/10Young Elementary SchoolGrades: PK-8Distance: 0.3 mi
- 1/10Orr Academy High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$531,700
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Estimated market value
$531,700
- Illinois
- Cook County
- Chicago
- 60651
- North Austin
- 5505 W Potomac Ave
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