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.
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
- 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#: 12566728
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
Foreclosure details
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/17/2026 | Price change | $133,000-5% |
Source: | ||
| 2/12/2026 | Listed for sale | $140,000 |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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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Neighborhood: Englewood
Nearby schools
GreatSchools rating
- 1/10Carter Elementary SchoolGrades: PK-8Distance: 0.3 mi
- 1/10Phillips Academy High SchoolGrades: 9-12Distance: 2.2 mi
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.
Local experts in 60621
- Illinois
- Cook County
- Chicago
- 60621
- Englewood
- 5538 S Perry Ave






