ClosedPrice Reduced

$530,000

$550,000
523 41st Street, Chicago, IL 60653
5 Beds3 Baths85 days
523 41st Street·Chicago, IL 60653
5Bedrooms
3Bathrooms
1890Year Built
About This Home

Nestled in the heart of Chicago's highly desirable historic Bronzeville neighborhood, this lovely red brick 2 unit seamlessly blends historic character with modern functionality! On a lovely tree-lined street, this property is very unique as it was an original 1st floor, duplex up. The current owner has transformed the functionality to create additional income! There is a legal basement/garden unit, however the seller does not represent the legality of the 3rd unit. (Current rents: Garden $1360, 1st Flr $1225) This building is an ideal choice for both an owner-occupant or savvy investor looking to make an investment in a booming area that is full of new developments! eeking rental income potential. The garden/basement unit features 2 good sized bedrooms, 1 full bath, in-unit laundry, a formal dining room, living room, and open-concept kitchen. The 1st Flr layout has a welcoming foyer that leads to a formal living room and dining room, both adorned with original hardwood floors and high ceilings that amplify the home's classic charm. The units have been thoughtfully updated and the building has been maintained very well over the years, blending classic details with modern amenities. Each unit presents an excellent opportunity for rental income or could be utilized as an Airbnb for short-term or mid-term stays. Separate utilities include: one boiler, two hot water heaters, and individual electric panels. Additionally, there is a concrete parking pad with potential for garage construction. This is the perfect location, just a 15-minute commute to downtown via bus or train; a 7-minute drive, and very close to Lake Michigan. Schedule your private tour today!

MLS# 12365141Listed May 30, 2025Residential Income
Property Details

Beds & Baths

Total Bedrooms5
Total Bathrooms3
Total Rooms15

Size & Structure

Year Built1890
Lot Size25X118

Location

CountyCook
TownshipHyde Park
Zip Code60653

Financial

List Price$530,000
Original Price$550,000
Annual Taxes (2023)$5,927
Monthly Tax Est.$494
Parcel #20032130140000
Interior Features

Heating

Natural Gas

Basement

FinishedFull
Exterior & Lot

Construction

BrickStoneConcrete

Roof

Flat

Foundation

Concrete Perimeter
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan
Tax & Financial
Annual Taxes
$5,927
Tax Year 2023
Monthly Tax Est.
$494
per month
Price Reduced by $20,000
Original list price: $550,000
Property Location

523 41st Street, Chicago, IL 60653Cook County

$530,000
523 41st Street
5 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
85 days on market
25X118
$5,927/yr taxes
Price reduced $20,000
$3,279
estimated monthly payment
Principal & Interest
$2,785/mo
Property Tax
$494/mo
$530,000
20% — $106,000
3%50%
6.875%
3%12%
Loan Amount
$424,000
Down Payment
$106,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Keller Williams ONEChicago
Agent: Rashauna Scott
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