ClosedPrice Reduced

$385,000

$419,000
5451 POTOMAC Avenue, Chicago, IL 60651
6 Beds2 Baths104 days
5451 POTOMAC Avenue·Chicago, IL 60651
6Bedrooms
2Bathrooms
1920Year Built
About This Home

Welcome to this remarkable 2-flat property nestled on a serene and quiet block, offering a unique opportunity for comfortable living and flexible investment. Boasting two expansive 3-bedroom, 1-bathroom units, this property is an excellent choice for both homeowners and savvy investors seeking rental income. The sizable basement presents an exciting opportunity for an Additional Dwelling Unit (ADU), offering additional living space or rental income potential. Separate utilities for each unit provide hassle-free management and utility cost allocation. A 2-car garage provides secure parking and storage space, enhancing the property's functionality and value. The huge basement not only offers laundry hookups for each unit but also serves as a canvas for creative expansion ideas. A brand-new roof ensures peace of mind and minimizes maintenance expenses. With low taxes and expenses, this property is a financially attractive investment. Situated on a quiet and peaceful block, this property provides a serene escape while remaining close to essential amenities, schools, parks, and public transportation. Whether you're an investor looking for a property with diverse income streams or a homeowner seeking a residence with the potential for rental income, this jumbo 2-flat offers endless possibilities. Don't miss out on this chance to own a property that combines comfortable living spaces, investment potential, and low expenses. Schedule a viewing today and envision the lifestyle and opportunities that await!

MLS# 11873646Listed August 30, 2023Residential Income
Property Details

Beds & Baths

Total Bedrooms6
Total Bathrooms2
Total Rooms10

Size & Structure

Garage Spaces2
Year Built1920
Lot Size25X125

Location

CountyCook
TownshipWest Chicago
Zip Code60651

Financial

List Price$385,000
Original Price$419,000
Annual Taxes (2021)$4,504
Monthly Tax Est.$375
Parcel #16041260070000
Interior Features

Heating

Natural Gas

Basement

UnfinishedFull
Exterior & Lot

Construction

Stucco
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

On SiteGarage OwnedDetachedGarage
Tax & Financial
Annual Taxes
$4,504
Tax Year 2021
Monthly Tax Est.
$375
per month
Price Reduced by $34,000
Original list price: $419,000
Property Location

5451 POTOMAC Avenue, Chicago, IL 60651Cook County

$385,000
5451 POTOMAC Avenue
6 bd2 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
104 days on market
2-car garage
25X125
$4,504/yr taxes
Price reduced $34,000
$2,399
estimated monthly payment
Principal & Interest
$2,023/mo
Property Tax
$375/mo
$385,000
20% — $77,000
3%50%
6.875%
3%12%
Loan Amount
$308,000
Down Payment
$77,000

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

Listed by
Exit Strategy Realty
Agent: Shaheen Pervaiz
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