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Police and fire officials walk near a small twin-engine cargo plane that crashed into a home on Chicago's southwest side on Nov. 18, 2014.M. SPENCER GREEN/The Associated Press

A small twin-engine cargo plane crashed into a home on Chicago's southwest side Tuesday, killing the pilot but sparing a couple who were asleep just inches away.

The Aero Commander 500-B slammed nose-down into the front of the home around 2:40 a.m., punching through the ground floor into the basement and leaving about a third of the aircraft, including the tail, sticking straight out of the red-brick home.

"The wreckage was about eight inches away from them," Assistant Chicago Fire Department Commissioner Michael Fox said of the home's two residents. "It's very lucky. They were in a bedroom next to the living room and the living room is gone."

Both told first responders they were fine and refused any medical attention.

Authorities did not immediately release the pilot's name. After stabilizing the house, crews were working to recover the body from the wreckage. No one else was on board.

The pilot reported engine trouble shortly after taking off from Midway International Airport and asked to return to the airport. But the plane crashed about a quarter mile short of the runway, said Federal Aviation Administration spokeswoman Elizabeth Isham Cory.

Fire crews found aviation fuel leaking from the wreck but there was no fire or explosion, but the airframe was mostly intact, investigators said.

"So we're confident we're not dealing with any type of in-flight breakup or some scenario like that," National Transportation Safety Board investigator Tim Sorensen said.

The NTSB is still investigating and expects to have a preliminary accident report within a week, followed by a final report in about a year.

The airport is closely bounded by densely populated neighbourhoods. Those living near the crash site said the impact shook houses.

"It wasn't a big boom noise," Robin Vrablic told WBBM radio. "It just shook the ground, and the chandelier had shaken, or something, so we went out the front, and went down there, and I was astounded that it took the whole front of that house out."

The pilot had been intending to fly to Ohio State University Airport in Columbus, Ohio.

The aircraft was built in 1964 and owned by Central Airlines Inc. of Fairway, Kansas, according to an FAA aircraft registry. Central said it was co-operating with investigators but still gathering information and did not know if the plane was carrying cargo at the time of the crash.

Investigators also did not yet know if any cargo was on board, NTSB spokesman Terry Williams said.

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