Chicago, IL 60644,5551 W Van Buren ST
Chicago, IL 60644,5551 W Van Buren ST
Chicago, IL 60644,5551 W Van Buren ST
33
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$330,000
Est. payment /mo
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9 Beds
3 Baths
3,920 Sqft Lot
Active

5551 W Van Buren ST Chicago, IL 60644

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Michael Di Giovanni

Michael Di Giovanni

+1(773) 583-2274

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12478320

Bedrooms 9

Year Built 1920

Annual Tax Amount $5,696

Tax Year 2023

Lot Size 3,920 Sqft

Lot Dimensions 4030

Property Sub-Type Two to Four Units

Property Description

Investor special in Chicago's fast-growing Austin neighborhood! This massive 3-unit building at 5551 W Van Buren Ave is the perfect opportunity for an investor looking to finish a nearly complete project and generate serious cash flow. Each of the three spacious units offers 3 bedrooms, 1 full bath, a large living and dining room combo, kitchen, and dedicated laundry area. The tall-ceilinged basement holds potential for a 4th unit or duplex-down, maximizing your ROI. Plus, the property features a fenced-in yard with gated access and 3 private parking spaces-a rare gem for city living. Demolition has already been completed both inside and out. The heavy lifting is done - now it's time to finish and start cashing in. Upgrades include a brand-new 3-story rear porch built to code, new rear siding, new windows, completed rough plumbing with installed water heaters and sump pump, and framing/structural work approved by the City of Chicago DOB. The third-floor unit is nearly completed, and high-efficiency furnaces are already on site. Remaining work includes electrical installation and cosmetic finishes. New buyer has the flexibility to complete the rehab with the current architect/contractor team or bring their own. With projected rents at $2,000 per unit and ARVs ranging from $525K-$600K, this is your chance to build equity and earn strong rental income. Just blocks from Columbus Park, Austin Town Hall Park, and the Garfield Park Conservatory, and close to Leland Elementary, Michele Clark Magnet High School, and Catalyst Circle Rock Charter School. Easy access to I-290, public transportation, and area retail. Don't miss this value-add investment in a transforming West Side location!

Location

State IL

County Cook

Area Chi - Austin

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Hugo Araujo of  Coldwell Banker Realty 

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 20
  • 8

    Horace Mann Elementary School

    Public | KG - 5

  • 8

    William Hatch Elementary School

    Public | PK - 5

  • 8

    Zapata Elementary School

    Public | PK - 8

  • 7

    Oliver W Holmes Elementary School

    Public | PK - 5

  • 7

    Abraham Lincoln Elementary School

    Public | KG - 5

  • 7

    Irving Elementary School

    Public | KG - 5

  • 7

    Longfellow Elementary School

    Public | PK - 5

  • 6

    Blythe Park Elementary School

    Public | KG - 5

  • 6

    Jefferson Elementary School

    Public | PK - 5

  • 6

    Piper School

    Public | KG - 5

  • 6

    William Beye Elementary School

    Public | KG - 5

  • 6

    Whittier Elementary School

    Public | PK - 5

  • 6

    Frazier Perspectives Magnet Elementary School

    Public | KG - 8

  • 5

    Prairie Oak School

    Public | KG - 5

  • 5

    Karel Havlicek Elementary School

    Public | KG - 5

  • 5

    Burbank Elementary School

    Public | PK - 8

  • 5

    G. Clark Elementary School

    Public | PK - 8

  • 5

    Ellington Elementary School

    Public | PK - 8

  • 5

    Horizon Science Academy-Belmont

    Public | KG - 8

  • 5

    Liberty Elementary School

    Public | PK - 3

Middle Schools 8
  • 7

    Lincoln Middle School

    Public | 6 - 8

  • 6

    Heritage Middle School

    Public | 6 - 8

  • 6

    Percy Julian Middle School

    Public | 6 - 8

  • 5

    Gwendolyn Brooks Middle School

    Public | 6 - 8

  • 5

    Clark Academy Preparatory Magnet High School

    Public | 7 - 12

  • 4

    Freedom Middle School

    Public | 6 - 8

  • 4

    Ames Middle School

    Public | 7 - 8

  • 3

    Unity Jr High School

    Public | 7 - 8

High Schools 20
  • 10

    Oak Park & River Forest High School

    Public | 9 - 12

  • 6

    Prosser Career Academy High School

    Public | 9 - 12

  • 6

    World Language High School

    Public | 9 - 12

  • 5

    Infinity Math, Science and Technology High School

    Public | 9 - 12

  • 4

    Douglass Academy High School

    Public | 9 - 12

  • 4

    Austin Business & Entrepreneurship High School

    Public | 9 - 12

  • 3

    J Sterling Morton West High School

    Public | 9 - 12

  • 3

    School of Social Justice High School

    Public | 9 - 12

  • 2

    Austin Polytechnical Academy High School

    Public | 9 - 12

  • 1

    J Sterling Morton East High School

    Public | 10 - 12

  • 1

    Voise Academy High School

    Public | 9 - 12

  • 1

    J Sterling Morton Freshman Center

    Public | 9 - 9

  • 1

    Multicultural Academy of Scholarshp High School

    Public | 9 - 12

  • 1

    North-Grand High School

    Public | 9 - 12

  • 1

    Orr Academy High School

    Public | 9 - 12

  • 0

    Alop Academic Learning Program

    Public | 9 - 12

  • 0

    Fenwick High School

    Private | 9 - 12

  • 0

    Austin Career Education Center

    Private | 10 - 12

  • 0

    Morton Alternative Schools

    Public | 9 - 12

  • 0

    J Sterling Morton Alternative School

    Public | 9 - 12

School and business data provided by Attom Data.

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Michael Di Giovanni

Michael Di Giovanni

Broker Associate | License ID: 475119822

+1(773) 583-2274

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5551 W Van Buren ST