5551 W Van Buren Street
Chicago, IL, 60644
$340,000
9 Beds
3 Baths
0 SqFt
0.09 Acres
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$340,000
5551 W Van Buren Street
Chicago, IL, 60644
MLS #MRD12478320 image #0MLS #MRD12478320 image #1MLS #MRD12478320 image #2MLS #MRD12478320 image #3MLS #MRD12478320 image #4MLS #MRD12478320 image #5MLS #MRD12478320 image #6MLS #MRD12478320 image #7MLS #MRD12478320 image #8MLS #MRD12478320 image #9MLS #MRD12478320 image #10MLS #MRD12478320 image #11MLS #MRD12478320 image #12MLS #MRD12478320 image #13MLS #MRD12478320 image #14MLS #MRD12478320 image #15MLS #MRD12478320 image #16MLS #MRD12478320 image #17MLS #MRD12478320 image #18MLS #MRD12478320 image #19MLS #MRD12478320 image #20MLS #MRD12478320 image #21MLS #MRD12478320 image #22MLS #MRD12478320 image #23MLS #MRD12478320 image #24MLS #MRD12478320 image #25MLS #MRD12478320 image #26MLS #MRD12478320 image #27MLS #MRD12478320 image #28MLS #MRD12478320 image #29MLS #MRD12478320 image #30MLS #MRD12478320 image #31MLS #MRD12478320 image #32
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!

Property Details

Price:
$340,000
MLS #:
MRD12478320
Status:
Active Under Contract
Beds:
9
Baths:
3
Type:
Multi Family
Neighborhood:
chiaustin
Listed Date:
Sep 24, 2025
Year Built:
1920
Chi – AustinChiaustin

Schools

School District:
299

Interior

Heating
Natural Gas, Forced Air

Exterior

Construction Materials
Brick
Parking Features
On Site, Owned
Parking Spots
3
Roof
Asphalt

Financial

Tax Year
2023
Taxes
$5,697
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Multi Family in Chicago as of Oct 08, 2025
1,499
Multi Family Listed
81
Avg DOM
$500,671
Avg List Price

Community

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Property Summary

    5551 W Van Buren Street Chicago IL is a Multi Family for sale in Chicago, IL, 60644. It is listed for $340,000 To schedule a showing of MLS#mrd12478320 at 5551 W Van Buren Street in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
5551 W Van Buren Street
Chicago, IL