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2548 W 57th St
Single Family
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$230,000

$77/sqft

2548 W 57th St, Chicago

81% below median
5 bd·2 ba·3,000 sqft
Built 1920Gage Park

2548 W 57th St, Chicago, IL

5 bd · 2 ba · 3,000 sqft Single Family listed at $230,000, built in 1920 in the Gage Park neighborhood.

About this home

Opportunity awaits in the heart of Gage Park! This 5-bedroom, 2-bathroom brick bungalow offers plenty of space and endless potential for the right buyer. Featuring generous living areas and a 2-car concrete parking pad, this home is perfect for large families needing extra room or buyers looking to create their dream home. Located near parks, schools, shopping, and public transportation, the property offers both convenience and a strong community feel. With solid brick construction and great bones, this is a fantastic opportunity to add your personal touch and build instant equity with a few updates or TLC. Whether you're a homeowner looking for space or an investor searching for your next project, this property is full of potential and value. Don't miss your chance to make it yours!

Property details

Price
$230,000
Bedrooms
5
Bathrooms
2
Interior
3,000 sqft
Price / sqft
$77
Year built
1920
Type
Single Family
Days on market
51
Est. property tax
$4,784/yr · $399/mo · 2.08% IL avg
Last sold
$90,000 · Nov 2003

Estimated monthly payment

Down payment20% ($46,000)
Interest rate6.75%
Principal & Interest$1,193
Property Tax$211
Insurance$150
Total$1,554/mo

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Price history

$249K$138K$27K$63K on Jul 01 (Sold)$105K on Nov 01 (Sold)$90K on Nov 03 (Sold)$85K on Feb 11 (Initial list)$85K on Sep 11 (Price change)$99K on Dec 11 (Initial list)$89K on Dec 11 (Price change)$85K on Dec 11 (Price change)$83K on Feb 12 (Price change)$82K on Mar 12 (Price change)$80K on Apr 12 (Price change)$65K on May 12 (Price change)$65K on Dec 12 (Price change)$48K on Aug 13 (Initial list)$45K on Sep 13 (Sold)$225K on Jan 26 (Initial list)$230K on Mar 26 (Initial list)
$63K · Jul 01$230K · Mar 26
  1. Mar 6, 2026$230,000Initial list price
  2. Jan 29, 2026$224,900Initial list price
  3. Sep 30, 2013$45,000Sold
  4. Aug 23, 2013$47,900Initial list price
  5. Dec 6, 2012$64,900Price change
  6. May 30, 2012$64,900Price change
  7. Apr 9, 2012$79,900Price change
  8. Mar 20, 2012$81,500Price change
  9. Feb 7, 2012$82,900Price change
  10. Dec 18, 2011$84,500Price change
  11. Dec 10, 2011$89,000Price change
  12. Dec 3, 2011$99,000Initial list price
  13. Sep 26, 2011$84,500Price change
  14. Feb 15, 2011$84,500Initial list price
  15. Nov 18, 2003$90,000Sold
  16. Nov 15, 2001$105,000Sold
  17. Jul 11, 2001$63,000Sold

Location

This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.

About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.

Location

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Home Intelligence

Neighborhood (zip 60629)

Median age is 32.9; 10% hold a bachelor's degree; 59% of homes are owner-occupied; median household income is $53,318.

Median income
$53,318
Median age
32.9
Owner-occupied
59.1%
Bachelor's degree
9.5%
Census median home value
$224,500

Source: US Census Bureau American Community Survey 5-year estimates.

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