5624 S Lowe Ave Chicago, IL 60621
Englewood NeighborhoodEstimated payment $1,604/month
About This Home
Affordable 2-unit property offering a rare opportunity for both investors and owner-occupants looking to house hack in the New City / Englewood area. Live in one unit while generating rental income from the other to lessen your monthly expenses, or fully rent both units for steady cash flow. Each unit features a practical layout with separate living spaces, allowing for flexible use and rental optimization. Property is priced to reflect condition and is being sold as-is, making it an ideal value-add opportunity for buyers seeking to renovate, increase rents, and build equity over time. Strong rental demand in the area, easy access to public transportation, major roadways, and neighborhood amenities. With continued investment and redevelopment throughout the South Side, this property presents long-term upside for both appreciation and income growth. Perfect for first-time investors, house-hackers, or experienced buyers looking for a low entry point multi-unit asset. Tenants are on a month-to-month basis.Basement is unfinished.Bring your vision
Listing Agent
Fulton Grace Realty Brokerage Email: iraist@fultongrace.com License #475195762 Listed on: 01/30/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,818
Year Built
- Built in 1893
Home Design
- Frame Construction
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 2 Bathrooms
Parking
- 2 Parking Spaces
- Parking Available
- Off Alley Parking
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 25x124.7
Community Details
- 2 Units
Map
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 | $706 | $19,001 | $938 | $18,063 |
| 2024 | $706 | $19,001 | $938 | $18,063 |
| 2023 | $688 | $3,346 | $2,031 | $1,315 |
| 2022 | $688 | $3,346 | $2,031 | $1,315 |
| 2021 | $673 | $3,345 | $2,031 | $1,314 |
| 2020 | $1,966 | $8,827 | $2,031 | $6,796 |
| 2019 | $2,038 | $10,146 | $2,031 | $8,115 |
| 2018 | $2,004 | $10,146 | $2,031 | $8,115 |
| 2017 | $2,794 | $12,981 | $1,875 | $11,106 |
| 2016 | $2,600 | $12,981 | $1,875 | $11,106 |
| 2015 | $2,379 | $12,981 | $1,875 | $11,106 |
| 2014 | $1,929 | $10,394 | $1,718 | $8,676 |
| 2013 | $1,890 | $10,394 | $1,718 | $8,676 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/15/2026 02/15/26 | Pending | -- | -- | -- | |
| 01/30/2026 01/30/26 | For Sale | $249,999 | +25.0% | -- | |
| 12/22/2023 12/22/23 | Sold | $200,000 | +0.5% | -- | View Prior Sale |
| 11/06/2023 11/06/23 | Pending | -- | -- | -- | |
| 10/06/2023 10/06/23 | Price Changed | $199,000 | -4.8% | -- | |
| 09/20/2023 09/20/23 | For Sale | $209,000 | 0.0% | -- | |
| 09/19/2023 09/19/23 | Pending | -- | -- | -- | |
| 09/12/2023 09/12/23 | For Sale | $209,000 | +326.5% | -- | |
| 06/26/2020 06/26/20 | Sold | $49,000 | -10.9% | -- | View Prior Sale |
| 05/19/2020 05/19/20 | Pending | -- | -- | -- | |
| 05/01/2020 05/01/20 | For Sale | $55,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12556621
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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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