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Backup Offers

5347 N Wayne Ave, Chicago, IL, 60640

$850,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
4 Baths
House
Schools Nearby

Location

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5347 N Wayne Ave, Chicago$850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Garage2 spaces
Year Built1904
HeatingNatural Gas
BasementYes
MLS #12026493
Lot Size0.09 Acres
StatusAccepting Backup Offers
(Contingent)

About 5347 N Wayne Ave

APPRAISED AT ITS CURRENT CONDITION @$950,000. Welcome to your chance to own a piece of Andersonville history! This stunning brick 2-flat, nestled in the heart of the highly sought-after Andersonville community in Chicago, has never before been on the market. Sold "AS-IS," this property presents an extraordinary opportunity for savvy investors and vintage enthusiasts alike. Featuring two expansive 7+ room vintage units, this property offers the flexibility of generating impressive rental income or the potential for luxurious duplex living. Each unit boasts charming brick decorative fireplaces, hardwood trim and floors, soaring high ceilings, and exquisite stained glass windows. Enjoy the unique character of sunrooms and enclosed rear 3-season porches, perfect for relaxing or entertaining guests. Though in need of some TLC and deferred maintenance, the possibilities are limitless for transforming this stately residence into a show-stopping masterpiece. With a long-term tenant currently on a month-to-month lease, you have the option to retain stable rental income or embark on your renovation journey immediately. Situated in the highly desirable Lakewood Balmoral Historic District. The building itself spans 3878 sq. ft. with a full basement, providing abundant potential for value-added improvements. The first-floor unit features 2 bedrooms and 1 bath, while the second-floor unit offers 3 bedrooms and 1.5 baths. Both units include separate dining rooms, kitchens with storage pantries, decks, and sunrooms within the primary suites. Additionally, the attic presents an exciting opportunity to create a stunning primary bedroom retreat with your unique vision. Conveniently located within a leisurely stroll to all that Andersonville has to offer - from charming boutiques and eclectic dining options to serene parks and lakefront recreation. Plus, enjoy easy access to top-rated schools including Peirce School of International Studies, Sacred Heart, Northside Catholic Academy, Rogers Park Montessori, and Lysee Francais. Don't miss out on this incredible opportunity to own a piece of Andersonville's vibrant history and realize your vision for a dream home or lucrative investment. Bring your contractors, unleash your creativity, and make this diamond in the rough shine! Schedule your showing today. AS-IS sale.

Property Details

Property Features

Property Information:

  • Year Built: 1904

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices Starck Real Estate
  • Office Phone: (847) 359-4600
  • Listing Agent: Elizabeth Goodchild

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas

School Info

Assigned Schools Information:

  • Senn High School, Public District Grades 9-12
  • Peirce Elementary School, Public District Grades KG-8

Other

Directions Information:

  • Directions: West of Broadway, East of N. Clark Street, South of Balmoral St and North of Berwyn.

Price Information

Listing Price Info

Price Summary:

  • List Price: $850,000

Tax Information:

  • Annual Amount: $1,479
  • Tax Year: 2019
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Housing Market Comparison

See how this home compares to others in Chicago, IL.

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Chicago, IL

City

Med. Sold Price

$346.4K

Med. Price/SqFt

$246

Avg. Days On Market

40

# of Sold Homes

1846

5347 N Wayne Ave vs Chicago

16 DAYS ON ROCKET

-24 Days

$850,000

+$503.5K More

KEY TAKEAWAY

This property is $503.5K more than the Median Sold Price in Chicago, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12026493

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices Starck Real Estate
  • Office Phone: (847) 359-4600
  • Listing Agent: Elizabeth Goodchild

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 4:15:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2019$1,479$70,971
2018$1,456$70,971
2017$1,559$71,190

History based on county public records data.

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$4,310

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,615

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1401833
5
/10

  • Peirce Elementary School

  • 1423 W Bryn Mawr Ave

  • 0.32 miles

  • Public District Grades KG-8

High School

school-card-donut-1401834
4
/10

  • Senn High School

  • 5900 N Glenwood Ave

  • 0.69 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $78,358. The most common annual income of people living in Chicago, IL is between $35k-100k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5347 N Wayne Ave

What is the listing price of this property?

The listing price of 5347 N Wayne Ave property is $850,000.

What type of property is this?

The property 5347 N Wayne Ave is a house located in Chicago, Illinois, 60640.

Is this property for sale now?

Accepting Backup Offers: 5347 N Wayne Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 5347 N Wayne Ave are:
Peirce Elementary School: GreatSchools Rating 5/10
Senn High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2019 is $1,479 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5347 N Wayne Ave has 5 bedrooms and 4 bathrooms.

Which year was this property built?

The year of construction for 5347 N Wayne Ave is 1904.

Rocket Homes›Illinois›Cook County›Chicago›60640›5347 N Wayne Ave

This home is located at 5347 N Wayne Ave in Chicago, IL and zip code 60640 in the Lakewood Balmoral neighborhood. This home, which was built in 1904, sits on a 0.09 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 11, 2024 and is currently priced at $850,000.

In March 2024, from all listings sold in Chicago, IL there were more than 612 sold above asking price, over 916 sold below and more than 317 were sold right at the asked price. The inventory of homes for sale in Chicago, IL between February 2024 and March 2024 increased by 21.5%. Listings spent 40 days on the market in March 2024, and had a median list price of $346,470 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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