2223 W 50th Pl, Chicago, IL
6 bd · 3 ba · 2,400 sqft Single Family listed at $249,990, built in 1898 in the Gage Park neighborhood.
About this home
Exceptional investment opportunity in a rapidly developing area! This spacious property offers 6 bedrooms and 3 full bathrooms with a highly functional layout. The main level features 3 bedrooms and 1 full bath, the finished attic includes an additional bedroom and full bath, and the basement in-law arrangement offers 2 bedrooms and 1 full bath with separate living space. Each level has its own bathroom, making this property ideal for multi-generational living, house hacking, or rental income potential. With the right improvements, this home can be converted into a legal 2-unit property, creating strong cash flow opportunities. Priced under $250K, this is a rare value-add opportunity for investors looking to maximize returns. Sold as-is.
Property details
- Price
- $249,990
- Bedrooms
- 6
- Bathrooms
- 3
- Interior
- 2,400 sqft
- Price / sqft
- $104
- Year built
- 1898
- Type
- Single Family
- Days on market
- 58
- Est. property tax
- $5,200/yr · $433/mo · 2.08% IL avg
- Last sold
- $67,000 · Apr 1993
Estimated monthly payment
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Price history
- Feb 26, 2026$249,990Initial list price
- Apr 7, 1993$67,000Sold
- Apr 2, 1992$60,000Sold
- Oct 11, 1990$30,000Sold
- Jul 12, 1920$60,000Sold
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 60609)
This neighborhood is primarily renter-occupied (40% owner-occupied). Median age is 35.4; 11% hold a bachelor's degree; median household income is $47,209.
- Median income
- $47,209
- Median age
- 35.4
- Owner-occupied
- 39.6%
- Bachelor's degree
- 10.7%
- Census median home value
- $228,800
Source: US Census Bureau American Community Survey 5-year estimates.
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