Now available at 5524 S Wells St, Chicago, IL 60621. This newly rehabbed, turnkey 2-flat is being offered at $249,000 and features a 3-bedroom, 1-bath first-floor unit and a legal 2-bedroom, 1-bath garden unit. Both units are currently vacant and move-in ready, making this a great opportunity for either an owner-occupant or investor. The property has separate furnaces, separate water heaters, separate electric meters, and separate gas service for each unit. The first-floor water heater was newly installed in 2026. The property also includes a 2-car garage that was built from the ground up with permits in 2022, along with a fenced yard and updated kitchens and bathrooms throughout. This property is ideal for someone looking to live in one unit and rent the other, or for an investor looking for a turnkey 2-unit property with separate utilities. FHA, VA, and conventional financing are accepted. Serious buyers and agents may reach out for additional information or to schedule a showing.
Contingent
$249,000
5524 S Wells St, Chicago, IL 60621
5beds
--sqft
Multi Family
Built in 1878
-- sqft lot
$133,000 Zestimate®
$--/sqft
$-- HOA
What's special
Fenced yard
- 13 days
- 168
- 20
Zillow last checked:
Listing updated:
Listed by:
Marcus Toussaint 708-262-7094,
Kale Realty
Source: MRED as distributed by MLS GRID,MLS#: 12741326
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas
Features
- Basement: None
Property
Parking
- Total spaces: 2
- Parking features: Yes, Garage Owned, Detached, Garage
- Garage spaces: 2
Lot
- Size: 3,049 Square Feet
- Dimensions: 25X125
Details
- Parcel number: 20162020500000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding
Condition
- New construction: No
- Year built: 1878
- Major remodel year: 2026
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $79,000
- Annual tax amount: $1,376
- Date on market: 9/1/2026
- Ownership: Fee Simple
Estimated market value
$133,000
$108,000 - $161,000
$1,563/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/9/2026 | Contingent | $249,000 |
Source:  MRED as distributed by MLS GRID #12741326 Report a problem | ||
| 9/1/2026 | Listed for sale | $249,000+164.9% |
Source: MRED as distributed by MLS GRID #12741326 Report a problem | ||
| 2/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 5/6/2020 | Listing removed | $975 |
Source: Owner Report a problem | ||
| 4/21/2020 | Listed for rent | $975-2.5% |
Source: Owner Report a problem | ||
| 2/28/2020 | Listing removed | $1,000 |
Source: Owner Report a problem | ||
| 2/22/2020 | Price change | $1,000-8.7% |
Source: Owner Report a problem | ||
| 2/19/2020 | Listed for rent | $1,095 |
Source: Owner Report a problem | ||
| 12/6/2019 | Sold | $94,000-2.1% |
Source: MRED as distributed by MLS GRID #10564154 Report a problem | ||
| 11/5/2019 | Pending sale | $96,000 |
Source: Amerimax Real Estate Partners #10564154 Report a problem | ||
| 11/1/2019 | Price change | $96,000-2% |
Source: Amerimax Real Estate Partners #10564154 Report a problem | ||
| 10/11/2019 | Price change | $98,000+3.3% |
Source: RE/MAX MI CASA #10545881 Report a problem | ||
| 8/6/2019 | Pending sale | $94,900 |
Source: RE/MAX MI CASA #10457419 Report a problem | ||
| 7/19/2019 | Listed for sale | $94,900+321.8% |
Source: RE/MAX MI CASA #10457419 Report a problem | ||
| 8/30/2017 | Sold | $22,500-18.2% |
Source: MRED as distributed by MLS GRID #09627008 Report a problem | ||
| 6/28/2017 | Price change | $27,500-6.8% |
Source: The Chicagoland RE Auction Co. #09627008 Report a problem | ||
| 6/21/2017 | Pending sale | $29,500 |
Source: The Chicagoland RE Auction Co. #09627008 Report a problem | ||
| 6/13/2017 | Price change | $29,500-14.5% |
Source: The Chicagoland RE Auction Co. #09627008 Report a problem | ||
| 6/7/2017 | Price change | $34,500-12.7% |
Source: The Chicagoland RE Auction Co. #09627008 Report a problem | ||
| 6/1/2017 | Price change | $39,500-11.2% |
Source: The Chicagoland RE Auction Co. #09627008 Report a problem | ||
| 5/22/2017 | Price change | $44,500-6.3% |
Source: The Chicagoland RE Auction Co. #09627008 Report a problem | ||
| 5/15/2017 | Listed for sale | $47,500 |
Source: The Chicagoland RE Auction Co. #09627008 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,109 -19.4% | $7,900 +21.6% |
| 2023 | $1,376 +2.6% | $6,499 |
| 2022 | $1,341 +2.3% | $6,499 |
| 2021 | $1,311 -24.8% | $6,499 -17% |
| 2020 | $1,743 -0.2% | $7,826 -10% |
| 2019 | $1,747 +1.7% | $8,696 |
| 2018 | $1,718 +1.4% | $8,696 +10.5% |
| 2017 | $1,694 +7.5% | $7,870 |
| 2016 | $1,576 +9.3% | $7,870 |
| 2015 | $1,442 +5.6% | $7,870 +6.9% |
| 2014 | $1,365 +2% | $7,359 |
| 2013 | $1,338 +1.4% | $7,359 |
| 2012 | $1,321 -18.3% | $7,359 -26.3% |
| 2011 | $1,617 -0.4% | $9,979 |
| 2010 | $1,624 +4.4% | $9,979 |
| 2009 | $1,556 -3.7% | $9,979 -11.4% |
| 2008 | $1,616 +1% | $11,264 |
| 2007 | $1,600 -1.1% | $11,264 |
| 2006 | $1,617 +93.6% | $11,264 +120.4% |
| 2005 | $835 +1% | $5,111 |
| 2004 | $827 +2.2% | $5,111 |
| 2003 | $809 +26% | $5,111 +43.1% |
| 2002 | $642 +3.8% | $3,572 |
| 2001 | $619 +27.7% | $3,572 |
| 2000 | $484 -0.7% | $3,572 +41.7% |
| 1999 | $488 | $2,521 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Englewood
Nearby schools
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