#12275983, Angel Rosales, Listing Office: PROSALES REALTY
5505 W Potomac Ave Chicago, IL 60651
Property details
About 5505 W Potomac Ave
Introducing a stunning brick modern multifamily building that perfectly blends style and functionality. This exquisite two-story property boasts two beautifully renovated units, each featuring three spacious bedrooms and a full bath, ideal for families or tenants. Step inside to discover the heart of the home - gorgeous kitchens adorned with 42-inch white shaker cabinets and luxurious Carrera quartz countertops. With upgrades include a newer roof, garage, and porch, furnaces and air conditioning units, this property offers peace of mind. The bathrooms are thoughtfully designed with modern vanities, sleek lighting, stylish faucets, mirrors, and fixtures. This multifamily gem is perfect for owner-occupants looking to reside in one unit while renting out the other or for investors seeking a turnkey property. Plus, the basement is supports an in-law suite build-out, adding even more potential square footage to this remarkable offering. Don't miss the chance to make this modern multifamily building your new home or investment opportunity!
Highlights
Summary
- Basement: Yes
- Total Bedroom Count: 6
- Garage Space: 2 spaces
- Parking: Garage Door Opener, Carport, Garage Owned, Detached, Off Alley, Owned, Garage
- Architectural Style: Brownstone
- Heating: Natural Gas
- List Price: $510,000
- Annual Tax Amount: $4,936
- Tax Year: 2022
- Directions: Turn right onto W Division St, Turn right onto N Pine Ave, Turn left onto W Potomac Ave
- Year Built: 1918
- Lot Size: 0.09 Acres
- MLS Number: 12336211
- MLS Name: MRED
- Office Name: First Midwest Realty LLC
- Office Phone: (630) 257-3030
- Office Email: bruno@firstmidwestrealty.com
- Listing Agent: Richard Harnik
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$510,000
5505 W Potomac Ave
$6,056
closing credit¹
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Price information
Property sales
Date | Event | Price |
---|---|---|
Feb 03, 2022 | Home Sold | $440,000 |
May 11, 2021 | Home Sold | $170,000 |
May 06, 2021 | Home Sold | $86,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2022 | $24,000 | $4,936 |
2020 | $15,466 | $3,445 |
2019 | $17,576 | $438 |
2018 | $17,576 | $432 |
2017 | $21,389 | $486 |
History based on county public records data.
Nearby schools
4
Hatch Elementary School
Public District KG-5
1.0 mi
•1000 N Ridgeland Ave
7
John Greenleaf Whittier Elementary School
Public District PK-5
1.0 mi
•715 N Harvey Ave
9
William Beye Elementary School
Public District KG-5
1.3 mi
•230 N Cuyler Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $54,405. Residents of Chicago, IL typically earn between $35k-100k each year. Typical family type is single, no kids. Most residents in this area have high school diploma education.
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Frequently asked questions
About 5505 W Potomac Ave
The listing price of 5505 W Potomac Ave property is $510,000.
The property 5505 W Potomac Ave is a house located in Chicago, Illinois, 60651.
Active Listing: 5505 W Potomac Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5505 W Potomac Ave are: Hatch Elementary School (GreatSchools Rating 4/10), John Greenleaf Whittier Elementary School (GreatSchools Rating 7/10), William Beye Elementary School (GreatSchools Rating 9/10), Young Elementary School (GreatSchools Rating 2/10), Brunson Math and Science Specialty Elementary School (GreatSchools Rating 3/10), Hay Elementary Community Academy (GreatSchools Rating 4/10), Douglass Academy High School (GreatSchools Rating 1/10), Noble St Charter-Itw Speer Academy (GreatSchools Rating 5/10), Prosser Career Academy High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2022 is $4,936 (source: MLS/based on county public records data).
The last sale was on February 3, 2022 for $440,000 (source: MLS/tax record).
The property at 5505 W Potomac Ave has 6 bedrooms and 2 bathrooms.
The year of construction for 5505 W Potomac Ave is 1918.
This home is located at 5505 W Potomac Ave in Chicago, IL and zip code 60651 in the Austin neighborhood. Features: 6 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 11, 2025 and is currently priced at $510,000.
While more than 901 listings in Chicago, IL in April 2025 were sold above asking price, there were more than 351 listings sold at asking price, and more than 879 were sold below. The inventory of homes for sale in Chicago, IL between March and April 2025 increased by 19.8%. Listings spent 31 days on the market in April 2025, and had a median list price of $374,309 during the same period.