Now available at 5524 S Wells St, Chicago, IL 60621. This newly rehabbed, turnkey 2-flat is being offered at $249,000 and features a 3-bedroom, 1-bath first-floor unit and a legal 2-bedroom, 1-bath garden unit. Both units are currently vacant and move-in ready, making this a great opportunity for either an owner-occupant or investor. The property has separate furnaces, separate water heaters, separate electric meters, and separate gas service for each unit. The first-floor water heater was newly installed in 2026. The property also includes a 2-car garage that was built from the ground up with permits in 2022, along with a fenced yard and updated kitchens and bathrooms throughout. This property is ideal for someone looking to live in one unit and rent the other, or for an investor looking for a turnkey 2-unit property with separate utilities. FHA, VA, and conventional financing are accepted. Serious buyers and agents may reach out for additional information or to schedule a showing.
Englewood, located between Washington Park and West Englewood, is a historic and residential Chicago neighborhood with a grid of classic brick two-flats and broad commercial corridors. The neighborhood’s energy concentrates along West 63rd Street near South Halsted Street, where storefront blocks, murals, and corner shops set a street-level rhythm. Hamilton Park’s fieldhouse and greenspace give the area a strong civic anchor. Kennedy-King College adds a campus presence and steady daytime motion along 63rd. The Englewood Square development frames a modern retail-and-services node beside the college. Side streets mix worker cottages, greystones, and tidy bungalows, creating a grounded, architectural patchwork.
Provided by Walk Score and Local Logic
Market insights
5524 S Wells St · $249,000
DAYS ON MARKET
63 days
The average home goes pending in 53 days.
SALE-TO-LIST
100.1%
Most homes are selling 0% above list price.
LIST PRICE
$249,000
Median sale price in this area is $399,175. (60% higher than this home)
PRICE DROP
0 price drops
15% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
10 total rooms
Bedrooms
5 bedrooms (total)
Building includes 3-bedroom unit(s)
Bathrooms
2 full bathrooms (building total)
Kitchen
Stove
Refrigerator
Microwave
Laundry & utility
Tenants pay electric
Heating & cooling
Natural gas heating
Exterior features
25 x 125 lot dimensions
Lot smaller than 0.25 acre
Home design
Two- to four-unit building
Fee simple ownership
Rehab in 2026
Over 100 years old
Built before 1978
Located in Chicago, South Chicago township
Parking
Detached garage (owned), 2 garage spaces, 2 parking spaces total
Construction
Aluminum siding
Utilities
Lake Michigan water
Public sewer
Financial info
Special service area: No
Other
Parcel number 20162020500000
Possession at closing
Electricity and solar
View estimated energy costs and solar savings for this home
Come see this beautifully updated two flat! Conveniently located near Dan Ryan and RedLine CTA. New businesses being built near by. 10min to Downtown and 5min to the lakefront. Call for details!
MRED as Distributed by MLS Grid #10545881
Oct 25, 2019
Listing Removed
—
MRED as Distributed by MLS Grid #10457419
Aug 6, 2019
Contingent
—
Aug 6, 2019
Listing Removed
—
MRED as Distributed by MLS Grid #09627008
Aug 30, 2017
Sold (MLS) (Closed Sale)
$22,500
Jun 28, 2017
Price Changed
$27,500
Jun 28, 2017
Pending
—
Jun 28, 2017
Relisted (Reactivated)
—
Jun 21, 2017
Pending
—
Jun 14, 2017
Price Changed
$29,500
Jun 7, 2017
Price Changed
$34,500
Jun 1, 2017
Price Changed
$39,500
May 22, 2017
Price Changed
$44,500
May 15, 2017
Listed (New)
$47,500
Year
Property tax
Land + Additions
Assessment*
2023
$1,376 (+2.6%)
$945 + $6,955
$7,900
2022
$1,341 (+2.3%)
$2,047 + $4,452
$6,499
2021
$1,311 (−24.8%)
$2,047 + $4,452
$6,499
2020
$1,743 (−0.2%)
$2,047 + $5,779
$7,826
2019
$1,747 (+1.7%)
$2,047 + $6,649
$8,696
2018
$1,718 (+1.4%)
$2,047 + $6,649
$8,696
2017
$1,694 (+7.5%)
$1,890 + $5,980
$7,870
2016
$1,576 (+9.3%)
$1,890 + $5,980
$7,870
2015
$1,442 (+5.6%)
$1,890 + $5,980
$7,870
2014
$1,365 (+2.0%)
$1,732 + $5,627
$7,359
2013
$1,338 (+1.3%)
$1,732 + $5,627
$7,359
2012
$1,321 (−18.3%)
$1,732 + $5,627
$7,359
2011
$1,617 (−0.4%)
$2,205 + $7,774
$9,979
2010
$1,624 (+4.4%)
$2,205 + $7,774
$9,979
2009
$1,556 (−3.7%)
$2,205 + $7,774
$9,979
2008
$1,616 (+1.0%)
$3,528 + $7,736
$11,264
2007
$1,600
$3,528 + $7,736
$11,264
Public record
Public record
Zoning
Beds
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
3,150 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
968
Unfinished Sq. Ft.
—
Total Sq. Ft.
968
Year built
1878
Style
Single Family Residential
County
Cook County
APN
20162020500000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 15, 2026.
RS-3
Residential Single-Unit (Detached House) District
The primary purpose of the RS districts is to accommodate the development of detached houses on individual lots. It is intended that RS zoning be applied in areas where the land-use pattern is characterized predominately by detached houses on individual lots or where such a land use pattern is desired in the future. The Zoning Ordinance includes three RS districts - RS3 - which are differentiated primarily on the basis of minimum lot area requirements and floor area ratios.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Single unit
Housing-Other
Infrastructure
Educational / school
Library
Recreation
Cemetery
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 101° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Chicago, IL • 60621
Average low and high temperatures (°F)
30
18
39
25
54
36
61
44
67
52
80
65
85
71
81
67
78
62
66
53
52
40
37
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
43/ 100
Low sunlight
Sunscore
There appears to be significant shading by surrounding buildings, terrain, and vegetation.
6.6 hrs
1 hr
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5524 S Wells St
$248,363
$637 under list price of $249K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $36K to $431K.