$950/ mo
Doesn't include deposits and fees
1 bed1 bathcondo
5401 S Wood St #2
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5401 S Wood St #2
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Costs, fees, and lease terms
Lease terms
Lease Terms Move-In Costs Move-In Fee (Non-Refundable): $475.00 Administrative Fee (Non-Refundable): $300.00 First Month's Rent (Non-Refundable): $950.00 Total Cost to Move-In (Non-Refundable): $1,725.00 Occupancy Standards Maximum occupancy: Two (2) persons per bedroom Children two (2) years of age and under are not counted toward occupancy limits. Identification Requirements Two (2) valid forms of government-issued identification are required for each adult applicant. Screening Process (Two-Step Review) Step 1: Preliminary Income Review Income documentation is reviewed first to confirm affordability. Applicants who meet the income requirements may proceed to Step 2. Step 2: Full Screening (via Third Party) Credit review: $50.00 per adult Eviction history review Credit Criteria * Minimum credit score: 550 or higher * Credit history is reviewed as part of the overall application package. * No single factor is considered in isolation. Eviction History No evictions within the past ten (10) years * The eviction was dismissed. * The eviction was never executed. * The eviction was legally vacated or removed. Criminal Background Review Criminal background screening (Chicago-compliant) is conducted only after income verification and credit qualification requirements have been met. Additional Notes * All adults 18 years of age or older must submit an application and complete the screening process. * Applications must be complete to be considered. * Providing false or misleading information may result in denial. * Meeting the minimum screening criteria does not guarantee approval. I and J Good Rentals LLC Office Hours: Mon - Fri (10 am - 3 pm)
Pricing comparison
$50At $950, this listing is priced $50 cheaper than the current market rate for a 1 bedroom home in Back of the Yards.
Other 1 bedroom homes in the area go for
- Back of the Yards$1,000
- Chicago$2,209
- Cook County$2,065
- 60609$1,000
Pets
Dogs
Cats
The neighborhood
About the building
5401 S Wood Ave Unit 2 (1st Floor) | Chicago, IL 60609
Comfort, Convenience, and Value All in One Place
Imagine coming home to a freshly updated… apartment where every detail has been thoughtfully refreshed and is ready for you from day one. Located on the first floor in Chicago's Back of the Yards / New City neighborhood, this inviting one-bedroom home combines modern finishes, functional living space, and everyday convenience all at an affordable price.
Situated just one block south of Garfield Boulevard, you'll enjoy quick access to shopping, restaurants, schools, parks, public transportation, and major expressways while coming home to a quiet residential street.
Step inside and you'll immediately appreciate the clean, contemporary design. Wood-look luxury plank flooring flows seamlessly throughout the apartment, while the stylish two-tone paint scheme with chair-rail accents adds depth and character, creating a polished look that complements any decor.
The spacious living room offers an open layout that's ideal for relaxing after work, hosting friends, setting up a home office, or simply enjoying your own space.
The bedroom is generously sized and designed for practical everyday living. Two separate bi-fold closets provide excellent storage, giving you plenty of room for clothing, seasonal items, and personal belongings without sacrificing floor space. Large windows allow natural light to fill the room, creating an open and welcoming atmosphere.
The thoughtfully designed galley kitchen is both functional and attractive, featuring white shaker cabinetry, granite-look countertops, a stainless steel sink, a full-size refrigerator, and a four-burner gas range with oven everything you need to prepare meals comfortably from the day you move in.
One of this home's standout features is the private first-floor balcony, accessed directly from the kitchen. Whether you're bringing in groceries, receiving deliveries, enjoying your morning coffee outdoors, or simply stepping outside for fresh air, this convenient outdoor space provides an added level of accessibility that's rarely available in similar apartments.
The updated bathroom continues the home's modern appeal with a full tub and shower, elegant marble-look tile surround, decorative mosaic accent band, a wall-mounted mirrored medicine cabinet, modern vanity, and durable flooring that's easy to maintain.
Whether you're renting your first apartment, downsizing, or simply looking for a clean, updated home that's professionally managed, 5401 S Wood Ave Unit 2 offers exceptional value, practical features, and a location that makes everyday living convenient. From the functional floor plan to the private outdoor access, this apartment is designed to make you feel at home the moment you walk through the door.
Monthly Rent
$950.00 per Month
Apartment Features
1 Bedroom / 1 Bathroom
Unit 2, First Floor
Wood-look luxury plank flooring throughout
Spacious living room
Large bedroom with two closets
Two-tone paint with chair-rail detail
White shaker kitchen cabinets
Granite-look countertops
Stainless steel kitchen sink
Full-size refrigerator included
Four-burner gas stove with oven included
Updated bathroom with tiled tub/shower surround
Wall-mounted medicine cabinet
Private first-floor balcony with easy, ground-level access
Mini blinds throughout
Professionally managed property
Parking available (additional monthly fee)
Appliances Included:
Refrigerator
Gas Range with Oven
Utilities
Tenant Pays: Heat, Cooking Gas, Electric
Owner Pays: Water, Garbage
Parking
Available for an additional monthly fee.
The Neighborhood
Located near 54th Street and Wood Avenue in Chicago's Back of the Yards / New City neighborhood, this apartment offers convenient access to shopping, restaurants, schools, parks, and major transportation routes. Garfield Boulevard provides easy connections throughout the city while maintaining a residential neighborhood atmosphere.
Nearby Schools
New City Elementary School
Chavez Multicultural Academic Center
Back of the Yards College Preparatory High School
Holy Cross School
Transportation
Convenient access to:
CTA bus routes along Garfield Boulevard and nearby major streets
CTA Red Line (Garfield Station) via a short drive or bus ride
Dan Ryan Expressway (I-90/94)
Walkability
Residents enjoy convenient access to grocery stores, restaurants, pharmacies, schools, parks, and public transportation. Many daily errands can be completed on foot, while a vehicle provides additional convenience for larger shopping trips and commuting.
Why You'll Love This Home
Move-in ready
Freshly updated throughout
Spacious floor plan
Modern flooring
Updated kitchen and bathroom
Two bedroom closets for extra storage
Private first-floor balcony with easy access
Great natural light
Affordable rent
Convenient location
Professionally managed
Occupancy Standard
In accordance with Cook County occupancy guidelines, occupancy is limited to two (2) persons per bedroom
unless otherwise permitted by applicable law.
Chicago Residential Landlord & Tenant Ordinance (CRLTO)
This property is professionally managed in compliance with the Chicago Residential Landlord and Tenant Ordinance (CRLTO). All required disclosures will be provided before lease signing.
Rental Application & Underwriting Process
Thank you for your interest in our property. To ensure a fair, consistent, and transparent screening process, all applicants must complete the following steps.
Step 1: Schedule a Property Showing
All prospective applicants are encouraged to view the property before submitting an application.
Step 2: Submit an Application
Each adult (18 years of age or older) who will occupy the property must submit a separate application.
Application Fees (Non-Refundable)
Primary Applicant: $35.00
Each Additional Adult (18+): $20.00
Once all applications have been received, the underwriting process will begin.
Step 3: First Underwriting Review Income Verification
Our first underwriting review focuses on verifying the household's financial qualifications and ability to meet the rental obligation.
To be considered, applicants must:
Have a combined gross monthly household income of at least three (3) times the monthly rent.
Provide three (3) months of bank statements.
Provide three (3) months of paycheck stubs or other acceptable proof of income.
Provide two (2) valid government-issued forms of identification for each adult applicant.
If additional verification is needed due to inconsistencies or gaps in the documentation provided, we may request up to two (2) additional months of supporting financial documentation before proceeding.
For your privacy, applicants may black out bank account numbers or other sensitive account information. However, your full name, address, financial transactions, and all other required information must remain clearly visible and legible on all submitted documentation.
Our underwriting team reviews all documentation to verify financial stability, income consistency, and the household's ability to satisfy the monthly rental obligation.
Step 4: Second Underwriting Review Third-Party Screening
Applicants who successfully complete the initial income underwriting review will move to the second phase of the screening process.
This review is completed through our third-party screening provider, RentSpree.
Third-Party Screening Fee
$49.99 per adult applicant
The third-party screening includes:
Credit Report
Credit Score Review
Rental History Review
Eviction History Review
Criminal Background Screening (performed in compliance with all applicable Chicago Fair Housing and Fair Chance Housing Ordinances)
Minimum screening requirements include:
Minimum credit score of 550
No evictions within the past 10 years
Move-In Costs
Non-Refundable Move-In Fee: $475.00
Non-Refundable Administrative Fee: $300.00
First Month's Rent: $950.00
Total Move-In Cost: $1,725.00
Occupancy Standards
Maximum occupancy is two (2) persons per bedroom.
Children two (2) years of age and younger are not counted toward the occupancy limit.
Important Information
All application and screening fees are non-refundable.
Every adult (18 years of age or older) must complete the application and screening process.
Applications must be complete before they can be reviewed.
Additional documentation may be requested at any time during the underwriting process.
Providing false, misleading, altered, or incomplete information may result in denial of the application.
Meeting the minimum qualification requirements does not guarantee approval. Each application is reviewed as a whole using our established underwriting guidelines and applicable fair housing laws.
We appreciate your interest in renting with us and look forward to assisting you throughout the application process.
I and J Good Rentals LLC
Office Hours: Mon - Fri (10 am - 3 pm)
The property manager
5401 S Wood St #2
Nearby schools
Students who live in 5401 S Wood St #2 attend the following Chicago Public Schools (Unified School District) public schools:
- 12.1 mi
Tilden Career Communty Academy High School
Public, Grades 8 - 12
- 30.3 mi
Fulton Elementary School
Public, Grades PK - 8
- 2.1 miNR
- 22.8 mi
John Hope College Preparatory High School
Public, Grades 9 - 12
GreatSchools ratings are based on test scores and additional metrics when available.
5401 S Wood St #2
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Find similar homes
 This listing 5401 S Wood St #2 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Studio | — | $745+ | — | — | $900 | — | — | — | — |
| 1 bed | $950 | $855+ | $930 | $1,100 | $757+ | $1,099+ | $1,010 | $1,030 | $890+ |
| 2 beds | — | — | $1,105+ | $1,450+ | $832+ | — | — | — | — |
| Distance | — | 3.0 miles away | 3.2 miles away | 3.2 miles away | 2.9 miles away | 5.0 miles away | 4.9 miles away | 4.5 miles away | 4.8 miles away |
| Pets | No Pets Allowed | Cats and Small Dogs Allowed | Cats and Small Dogs Allowed | Cats and Dogs Allowed | — | Cats and Dogs Allowed | Cats and Small Dogs Allowed | Cats and Small Dogs Allowed | Cats and Small Dogs Allowed |
| Laundry | none | — | — | — | Shared | Shared | Shared | Shared | Shared |
| Security | — | — | — | — | Doorman, Gated Entry | — | — | Intercom | — |
| A/C |  | — | — | | | — | — | — | — |
| Dishwasher | — | — | — | — | — | — | — | — | — |
| Parking | | — | — | | | — | — | — | — |
| Gym | — | — | — | — | — | — | — | — | — |
| Pool | — | — | — | — | — | — | — | — | — |
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