📍5243 S Peoria St, Chicago, IL 60609
Solid brick 2-unit multifamily located in the heart of Back of the Yards, offering strong value-add potential for both fix-and-flip or long-term rental hold strategies.
Property Details
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2,152 SF building
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3,597 SF lot
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Brick 2-flat construction
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4 bedrooms total
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2 bathrooms total
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Separate units (ideal for duplex-down, house hack, or rental split)
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Rear yard with outdoor space
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Classic Chicago brick construction with strong bones
Investment Upside
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Ideal for light-to-moderate rehab
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Strong rental demand in the area for affordable 2–3 bedroom units
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Value-add through cosmetic upgrades, unit reconfiguration, or rent optimization
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Perfect candidate for BRRRR, house hack, or flip to retail buyer
Location Highlights
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Back of the Yards neighborhood
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Close to public transit, major arterials, and employment corridors
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Minutes from I-90/94 access
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Surrounded by other 2-flats and small multifamily properties
📈 Investment Breakdown:
- 🔑 Sale Price: $140,000
- 🛠️ Estimated Rehab Costs: $110k
- 💎 After Repair Value (ARV): $345,000
- 🏠 Taxes:$2,320
🏠 Comparable Sales (Comps):
- 💰 $355,000 – 5928 S Parnell Ave, Chicago, IL 60621
- 💰 $320,000 – 712 W 48th Pl, Chicago, IL 60609
Perfect for:
Investor, rehabber, BRRRR buyer, or owner-occupant looking to offset mortgage with rental income.