5541 S Peoria St
About
2-unit duplex located in Chicago, Illinois. Spacious Greystone building in a tree-lined neighborhood near restaurants, parks, and freeway access, featuring a newer roof and separate front room, living room, and dining room in each unit. Unit 1 is currently occupied on a month-to-month lease at $1,350 per month with a $2,025 security deposit, and the tenant is responsible for all utilities, with a prior 1-year lease from 02/21/2024 to 02/20/2025. Unit 2 is currently occupied on a month-to-month lease at $1,295 per month, with $1,140 paid by the Chicago Housing Authority and $155 by the tenant, following a prior 1-year lease from 06/01/2022 to 06/01/2023.
Due Diligence Documents
Offering Details
The Market
Chicago offers a mix of neighborhood livability, local employment, and day-to-day amenities that support long-term housing demand. Ask Lofty AI to compare this market against any other on the platform.
Property Updates
- Property Update (08/20/2026):
- Unfortunately, we had to make an emergency hot water heater replacement yesterday due to carbon monoxide leak (improper installation, incorrect unit). A similar repair had to be done last November on Unit 1 HWH but Unit 2 just started doing the same thing. Cost was $2789. Old hot water heater still works so we set it aside in the basement for future use/sale to another DAO i.e. 665 Chapman needs a replacement and the previous heater is compatible with that property's structure (rooftop chimney exhaust, which this building 5541 does not have). Any questions please email ecosystemspm@gmail.com.
Investor Reviews
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