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5510 W Rice Street
Chicago, IL 60651

  • 5 beds
  • 3 baths
  • 6,250 sqft
  • 6,229 sqft lot
  • $28 per sqft
  • 1895 build
  • on site

LOWEST HOME ON THE BLOCK IS NOW AVAILABLE FOR YOU! This well maintained home has 5 bedrooms, 2 and a half bathrooms, a large kitchen, and ample backyard space. This beautiful home does need TLC and would be perfect for traditional rehab loans as well as investors! After repair value in this neighborhood is estimated at around $300,000. This home provides residents to walk in with equity or investors to make a SERIOUS profit! Due to it being under priced owner will not make repairs, give credits, and buyer will have to pay the very small transfer taxes.

Listing courtesy of MRED / TADD Realty

Last checked: Checking… • Last updated Aug 2, 2021 •

MLS# 11165256 —

Amenities & Taxes

The Building

Year Built:
1895
Rebuilt:
No
New Construction:
false
Basement:
Full
Disability Access:
No
Living Area Source:
Appraiser

Interior

Rooms Total:
8
Room Type:
Bedroom 5
Living Area:
6250
Laundry:
Not Applicable

Location

Directions:
Follow I-94 W and I-290 W to W Flournoy St in Chicago. Take exit 23B from I-290 W, Use the right 2 lanes to take exit 51H for I-290 W, Take exit 23B toward Central Ave/5600 W, Take S Central Ave to W Rice St
Location:
15243
Location:
12664

The Property

Parcel Number:
16043240180000
Property Type:
Residential
Lot Size Dimensions:
6250
Lot Size Acres:
0.143
Waterfront:
false

Listing Agent

Contact info:

Taxes

Tax Year:
2019
Tax Annual Amount:
1760.83

Beds

Bedrooms Total:
5
Bedrooms Possible:
5

Baths

Bathrooms:
3
Bathrooms Full:
2
Bathrooms Half:
1

The Listing

Special Listing Conditions:
None

Heating & Cooling

Cooling:
2 (Window/Wall Unit)
Heating:
Natural Gas

Utilities

Sewer:
Public Sewer
Water Source:
Public

Schools

Elementary School District:
299
Middle Or Junior School District:
299
High School District:
299

The Community

Association Fee Includes:
None
Association Fee Frequency:
Not Applicable
Master Assoc Fee Frequency:
Not Required

Parking

Parking Total:
1
Parking Onsite:
Yes
Parking Ownership:
Owned

Schools

Rating Details

Milton Brunson Math And Science Specialty Elementary School

  • Public
  • K-8
  • 0.1 mi

Douglass Academy High School

  • Public
  • 9-12
  • 0.4 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

Monthly cost estimate

5510 W Rice Street

Asking price

$175,000

Expense Monthly cost
Mortgage

$606

Taxes $146
Insurance $48
Utilities $353 See report
Total $1,153/mo.*
*This is an estimate

Flood Risk

This property has minimal flood risk

This property has a . Although flood risks across the country are changing because of the environment, this property is unlikely to flood over the next 30 years.

Provided by Flood Factor®

Flood Insurance

Recommended: MassiveCert estimates that this property is in FEMA Zone X, which means that flood insurance is recommended, but not required.

Get an instant insurance quote

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WalkScore®

Provided by WalkScore® Inc.

Soundscore™

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Provided by ClearlyEnergy

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Sale history

Date Event Source Price % Change
8/2/21
Pending MRED $175,000
7/22/21
Listed / Active MRED $175,000
6/24/21
Price Changed MRED

Finding records…

No additional history available

If new records are added for this property, we’ll share them here.

Want to see this home?


52% of nearby similar homes sold for over asking price

Similar homes that sold in bidding wars went $14k above asking price on average, but some went as high as $50k over asking price.

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5510 W Rice Street
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