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550 W 127th St, Chicago, IL, 60628

3beds
2baths
0sqft
$169,000
--price/sqft
$1,438/moest. monthly cost
$57,520/yrincome needed

About This Home

Nothing but Potential in this Large Split Level home. In the family for 30+ years and is now ready for a new family! Need full rehab with wonderful living room, pass thru to kitchen, family room and basement kitchen. 3 bedrooms 1 baths sitting on 2 lots. Bring your ideas to bring this property back to its Luster! Side drive to 2.5 car garage (shown with accepted offer)! Great access to public transportation, Highways and shopping! ARV give so much room and equity in a finished property!

Getting Around

46
WalkingCar-Dependent
48
TransitSome Transit
71
BikeVery Bikeable

Schools

Construction

Condition

  • Year built: 1959

Materials

  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Finished,Full

Bedroom2

  • Level: Fourth
  • Area: 192
  • Dimensions: 16X12

Bedroom3

  • Level: Third
  • Area: 168
  • Dimensions: 12X14

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Level: Second
  • Area: 273
  • Dimensions: 21X13

Family Room

  • Level: Fourth
  • Area: 352
  • Dimensions: 22X16

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 0

Kitchen

  • Level: Second
  • Area: 195
  • Dimensions: 13X15

Living Room

  • Level: Second
  • Area: 399
  • Dimensions: 21X19

Master Bedroom

  • Level: Fourth
  • Area: 240
  • Dimensions: 16X15

Other

  • Level: Fourth
  • Area: 352
  • Dimensions: 22X16

Sitting Room

  • Level: Main
  • Area: 180
  • Dimensions: 12X15

Property

Accessibility

  • Accessibility features: No Disability Access

Details

  • Parcel number: 25283270160000
  • Special condition: None

Lot

  • Lot size: 7,627 sqft

Parking

  • Total spaces: 2
  • Parking features: Yes,Garage Owned,Detached,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Tornado
    TornadoVery High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Tornado
Heat Wave
Inland Flooding
Winter Weather
Tsunami

FEMA Declared Disasters Across Illinois Counties

Flood
Other
Severe Storm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $854$10,248
Home Insurance *$211$2,532
Property Taxes $243$2,916
Electricity $130$1,569
Total$1,438$17,256
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$49,302/yr
40% on housing$43,140/yr
45% on housing$38,346/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.1%
15.1%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.8%
-0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 60628$109
Cook County$225

vs Homes Sold Last Month

Median $/sqft

ZIP 60628$119
Cook County$219

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-08-21Listed for sale$169,000

For Sale by Agent

AgentHoward Thomas
BrokerageRE/MAX Premier

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