Step on up...don't be shy! This frame 2-unit is looking for its next owner, and thanks to a recent price improvement, the invitation just got a lot more attractive. Whether you're searching for a property with potential, a place to make your own, or an opportunity to add value through thoughtful updates, this could be the one that earns a spot at the top of your list. Featuring 2 bedrooms and 1 bath in each unit, this property offers flexibility, functionality, and plenty of room for imagination. The layouts provide a solid foundation for future improvements, while the partially finished basement offers additional space for storage, hobbies, recreation, or whatever creative vision you have in mind. Think of it as the bonus room that's still waiting to learn what it wants to be when it grows up. Let's be honest-some homes are completely finished. Others give you the opportunity to create something uniquely yours. This property proudly falls into the second category. Bring your ideas, your inspiration, your favorite paint color, and maybe even that toolbox you've been meaning to use more often. Washington Park is becoming more exciting! You'll enjoy convenient access to green space, walking paths, recreational amenities, and community attractions. The continued investment surrounding the Obama Presidential Center has brought renewed excitement and attention to the area. Nearby access to the University of Chicago, shopping, dining, public transportation, and the Dan Ryan Expressway helps keep everyday conveniences within easy reach. So if you've been waiting for an opportunity with upside potential, a great location, and a price that's moving in the right direction, don't let someone else become the new neighbor first. Opportunity is knocking. The price has spoken. Now all that's missing is you.
Active
Est. $71,250
5538 S Perry Ave, Chicago, IL 60621
4beds
--sqft
Multi Family
Built in 1888
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
Overview
- --
- on Zillow |
- 710
- views |
- 26
- saves |
Zillow last checked:
Listed by:
Tamika Marks 773-656-9895,
Trademarks & Associates
Source: MRED as distributed by MLS GRID,MLS#: 12667592
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas
Features
- Basement: Partially Finished,Full
Property
Features
- Patio & porch: Porch
Lot
- Size: 2,178 Square Feet
- Dimensions: 25 x 85
Details
- Parcel number: 20162050290000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Stone
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1888
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $100,010
- Annual tax amount: $1,352
- Ownership: Fee Simple
Foreclosure details
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/3/2026 | Listing removed | $71,250 |
Source: | ||
| 6/3/2026 | Price change | $71,250-5% |
Source: | ||
| 5/22/2026 | Price change | $75,000-43.6% |
Source: | ||
| 3/17/2026 | Price change | $133,000-5% |
Source: | ||
| 2/12/2026 | Listed for sale | $140,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $10,001 +300.2% |
| 2023 | -- | $2,499 |
| 2022 | -- | $2,499 |
| 2021 | -- | $2,499 -68.6% |
| 2020 | -- | $7,961 -13% |
| 2019 | -- | $9,151 |
| 2018 | -- | $9,151 -16.4% |
| 2017 | -- | $10,947 |
| 2016 | -- | $10,947 |
| 2015 | -- | $10,947 +19.8% |
| 2014 | -- | $9,140 |
| 2013 | -- | $9,140 |
| 2012 | -- | $9,140 -27.1% |
| 2011 | -- | $12,543 |
| 2010 | -- | $12,543 |
| 2009 | -- | $12,543 -27.4% |
| 2008 | -- | $17,280 |
| 2007 | -- | $17,280 |
| 2006 | -- | $17,280 +182.7% |
| 2005 | -- | $6,113 |
| 2004 | -- | $6,113 |
| 2003 | $198 | $6,113 +55.4% |
| 2002 | -- | $3,933 |
| 2001 | $104 | $3,933 |
| 2000 | -- | $3,933 +40.4% |
| 1999 | -- | $2,801 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Englewood
Nearby schools
GreatSchools rating
- 4/10Carter Elementary SchoolGrades: PK-8Distance: 0.3 mi
- 1/10Phillips Academy High SchoolGrades: 9-12Distance: 2.2 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.
A local agent can set up tours, give advice and negotiate with sellers.
- Illinois
- Cook County
- Chicago
- 60621
- Englewood
- 5538 S Perry Ave






