5538 S Perry Ave Chicago, IL 60621
Washington Park NeighborhoodEstimated payment $824/month
Total Views
155,990
4
Beds
2
Baths
--
Sq Ft
--
Price per Sq Ft
About This Home
This frame 2-unit just became an even better opportunity! Featuring 2 bedrooms and 1 bath in each unit, this property offers space, flexibility, and the chance to create something special. Yes-it needs creativity and vision to bring it back to full potential, but for the forward-thinking buyer, this is where opportunity meets upside. Each unit offers a functional layout with well-proportioned rooms, providing a solid starting point for your updates. The partially finished basement adds additional space for storage, a recreation area, workshop, or future improvements. Think of it as a blank canvas... with a head start. Conveniently located near Washington Park, you'll have access to green space, walking paths, and recreational amenities. The nearby Obama Presidential Center development continues to bring growth and investment to the area. The proximity to the University of Chicago, local dining, shopping corridors, and the Dan Ryan Expressway makes commuting and day-to-day errands accessible. Public transportation options further enhance connectivity throughout the city. Whether you're an owner-occupant ready to invest some effort into building equity, or an investor seeking your next value-add project, this property offers strong potential in a location with ongoing development. Bring your ideas, your plans, and yes-your favorite hammer and paint brush-because this one is ready for a complete overhaul.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,352
Year Built
- Built in 1888
Lot Details
- 2,178 Sq Ft Lot
- Lot Dimensions are 25 x 83.7
Home Design
- Asphalt Roof
- Stone Siding
- Vinyl Siding
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 2 Bathrooms
Additional Features
- Basement Fills Entire Space Under The House
- Porch
- Heating System Uses Natural Gas
Community Details
- 2 Units
Listing and Financial Details
- Homeowner Tax Exemptions
3D Interior and Exterior Tours
Floorplan
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | -- | $10,001 | $623 | $9,378 |
| 2024 | -- | $10,001 | $623 | $9,378 |
| 2023 | -- | $2,500 | $1,349 | $1,151 |
| 2022 | $0 | $2,500 | $1,349 | $1,151 |
| 2021 | $0 | $2,499 | $1,348 | $1,151 |
| 2020 | $0 | $7,961 | $1,348 | $6,613 |
| 2019 | $0 | $9,151 | $1,348 | $7,803 |
| 2018 | $0 | $9,151 | $1,348 | $7,803 |
| 2017 | $0 | $10,947 | $1,245 | $9,702 |
| 2016 | $0 | $10,947 | $1,245 | $9,702 |
| 2015 | $0 | $10,947 | $1,245 | $9,702 |
| 2014 | -- | $9,140 | $1,141 | $7,999 |
| 2013 | -- | $9,140 | $1,141 | $7,999 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/17/2026 03/17/26 | Price Changed | $133,000 | -5.0% | -- |
| 02/11/2026 02/11/26 | For Sale | $140,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
About the Listing Agent
Chicago-born and real estate-obsessed, I’ve spent 21+ years mastering the art of residential sales, specializing in REO and non-REO assets—especially reverse mortgage REOs. As the Managing Broker of Trademarks & Associates, LLC, I lead with expertise, earning top industry accolades, including Diamond Awards and a spot in the top 1% of realtors. At Trademarks and Associates, we do more than sell properties—we provide hands-on, personalized service, ensuring every asset shines. From REO
Tamika's Other Listings
Source: Midwest Real Estate Data (MRED)
MLS Number: 12566728
APN: 20162050290000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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