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Price change
  • Price cut: $7K (3/17)
    Est. $133,000

    5538 S Perry Ave, Chicago, IL 60621

    4beds
    --sqft
    Multi Family
    Built in 1888
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    Overview

    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.
    36 days
    |
    368
    |
    12
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 17, 2026 at 12:56pm

    Listing courtesy of:

    Tamika Marks 773-656-9895,

    Trademarks & Associates

    Source: MRED as distributed by MLS GRID,MLS#: 12566728MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Natural Gas
      Features
      • Basement: Partially Finished,Full

      Property

      Features
      • Patio & porch: Porch
      Lot
      • Size: 2,178 Square Feet
      • Dimensions: 25 x 83.7
      Details
      • Parcel number: 20162050290000
      • Zoning: MULTI
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Vinyl Siding, Stone
      • Foundation: Concrete Perimeter
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1888

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Chicago

      Financial & listing details

      • Tax assessed value: $24,990
      • Annual tax amount: $1,352
      • Date on market: 2/12/2026
      • Ownership: Fee Simple
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        Foreclosure details

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        3/17/2026Price change$133,000-5%
        Source: MRED as distributed by MLS GRID #12566728 Report a problem
        2/12/2026Listed for sale$140,000
        Source: MRED as distributed by MLS GRID #12566728 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2023-- $2,499
        2022-- $2,499
        2021-- $2,499 -68.6%
        2020-- $7,961 -13%
        2019-- $9,151
        2018-- $9,151 -16.4%
        2017-- $10,947
        2016-- $10,947
        2015-- $10,947 +19.8%
        2014-- $9,140
        2013-- $9,140
        2012-- $9,140 -27.1%
        2011-- $12,543
        2010-- $12,543
        2009-- $12,543 -27.4%
        2008-- $17,280
        2007-- $17,280
        2006-- $17,280 +182.7%
        2005-- $6,113
        2004-- $6,113
        2003$198 $6,113 +55.4%
        2002-- $3,933
        2001$104 $3,933
        2000-- $3,933 +40.4%
        1999-- $2,801

        Find assessor info on the county website

        BuyAbility℠ payment

        Estimated monthly payment
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Earn up to a 6% match & get a competitive APY with a *. Zillow has partnered with to help get you home faster.

        Learn more*Terms apply. Match provided by Foyer. Account offered by Pacific West Bank, Member FDIC.

        Climate risks

        Neighborhood: Englewood

        Getting around

        73 / 100
        Very Walkable
        75 / 100
        Excellent Transit
        59 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: 299

        Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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