5538 S Perry Avenue, Chicago, IL 60621
Cook County
Key Facts
Description
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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1888
Lot Size
0.05 acres
Lot Dimensions
25 x 85
Ownership
Fee Simple
Zoning
MULTI
Days on Market
41
MLS® Listing#
12667592
Property Features
- Heating:
- Natural Gas
- Basement:
- Partially Finished, Full
- Patio:
- Porch
- Construction:
- Vinyl Siding, Stone
- Foundation:
- Concrete Perimeter
- Roof:
- Asphalt
- Sewer:
- Public Sewer
- Water Source:
- Public
HOA & Tax
- Annual Tax:
- $1,352 (2024)
- Parcel #:
- 20162050290000
Directions
55th St. East or West to Perry then South to the property.
Affordability Calculator
$14,250
Estimated monthly payment
$379/mo
Principal $57,000 · Est. interest $79,520 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Chicago, IL
- $389,939
- Median Listing Price
- 45
- Median Days on Market
- 1,444
- Median Sq Ft
- $273
- Median Price / Sq Ft
- 4,582
- Active Listings
- This home’s price is 82% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Chicago, IL.
Location
- 5538 S Perry Avenue, Chicago, IL 60621
Nearby Schools
School of Life
School · 0.1 mi away
Ace Tech School
School · 0.2 mi away
Sherwood Elementary School
Elementary · 0.3 mi away
Carter Elementary School
Elementary · 0.3 mi away
Beasley Academic Center
Elementary · 0.4 mi away
Parkman Elementary School
Elementary · 0.6 mi away
Ross Elementary School
Elementary · 0.7 mi away
Burke Elementary School
Elementary · 0.7 mi away
Kipp Bloom
Elementary · 0.7 mi away
Educare Chicago
School · 0.7 mi away
Hope College Prep High School
School · 0.7 mi away
Regeneration Schools
School · 0.7 mi away
Cics Washington Park
School · 0.7 mi away
Chicago International Charter School
Elementary · 0.7 mi away
Dewey School of Excellence
Secondary · 0.8 mi away
Dusable High School
Secondary · 0.8 mi away
Daniel Hale Williams Preparatory School of Medicine
Secondary · 0.8 mi away
Bronzeville Scholastic High School
Secondary · 0.8 mi away
Chicago Public Schools
School · 0.8 mi away
Chicago Public Schools
School · 0.9 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in Chicago
Listing Courtesy: Trademarks & Associates - 7733060352
Last Updated: 2026-06-03