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5531 S Neva Ave
Pending
Single Family
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$414,900

$336/sqft

5531 S Neva Ave, Chicago

65% below median
4 bd·2 ba·1,233 sqft
Built 1931Garfield Ridge

5531 S Neva Ave, Chicago, IL

4 bd · 2 ba · 1,233 sqft Single Family listed at $414,900, built in 1931 in the Garfield Ridge neighborhood.

About this home

NEW PRICE - INCREDIBLE VALUE IN A PRIME LOCATION! Beautifully remodeled and move-in ready, this spacious home is centrally located just minutes from Midway Airport and I-55-perfect for commuters and city access. This home features 4 bedrooms and 2 full bathrooms, along with a fully finished basement offering flexible space for a family room, home office, guest suite, or additional living area. The layout is functional and designed for today's lifestyle, with plenty of room to grow. Enjoy a 2-car garage, ample storage, and a generously sized lot, providing both convenience and versatility. With its modern updates, spacious interior, and unbeatable location, this home stands out as one of the best values in the area. Recently priced to sell-schedule your showing today. Seller is motivated and ready to review offers.

Property details

Price
$414,900
Bedrooms
4
Bathrooms
2
Interior
1,233 sqft
Price / sqft
$336
Year built
1931
Type
Single Family
Days on market
67
Est. property tax
$8,630/yr · $719/mo · 2.08% IL avg
Last sold
$275,000 · Feb 2025

Estimated monthly payment

Down payment20% ($82,980)
Interest rate6.75%
Principal & Interest$2,153
Property Tax$380
Insurance$150
Total$2,683/mo

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Price history

5.5%Most recent change on 2026-03-30: $439,000$414,900.

$501K$258K$15K$55K on Aug 85 (Sold)$55K on Aug 85 (Sold)$280K on Oct 24 (Initial list)$275K on Feb 25 (Sold)$460K on Jan 26 (Initial list)$455K on Feb 26 (Initial list)$450K on Feb 26 (Price change)$439K on Mar 26 (Price change)$415K on Mar 26 (Price change)
$55K · Aug 85$415K · Mar 26
  1. Mar 30, 2026$414,900Price change
  2. Mar 19, 2026$439,000Price change
  3. Feb 26, 2026$449,900Price change
  4. Feb 17, 2026$455,000Initial list price
  5. Jan 22, 2026$460,000Initial list price
  6. Feb 3, 2025$275,000Sold
  7. Oct 26, 2024$279,999Initial list price
  8. Aug 20, 1985$55,000Sold
  9. Aug 1, 1985$55,000Sold

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.

Home Intelligence

Neighborhood (zip 60638)

This neighborhood is predominantly owner-occupied (79%). Median age is 38.3; 16% hold a bachelor's degree; median household income is $85,374.

Median income
$85,374
Median age
38.3
Owner-occupied
78.9%
Bachelor's degree
16.2%
Census median home value
$274,100

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

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