5334 Gladys Avenue, Austin, Chicago, Illinois 60644
$530,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 9 |
| Baths: | 0 |
| Year Built: | 1945 |
| Property Taxes: | $7,806 |
| Days On Market: | 241 |
| Lot Size: | 0,09 |
Description
In the month of love, wouldn't you just love to own this fantastic Investment Opportunity in the vibrant Austin Neighborhood, just blocks from Oak Park. This spacious, refurbished legal 2-flat offers three rental opportunities, each with 3 bedrooms and 1 bath. The units feature gorgeous bathrooms, fully loaded gourmet kitchens with stainless steel appliances (including dishwashers), stylish light fixtures, trendy green backsplashes, and gold hardware. The lower-level in-law unit has front and rear egress and tons of storage, making it ideal for buyers seeking a turnkey investment. Whether you're looking for a forever home or a rental opportunity, this building has tremendous potential. With no current tenant leases, the income-generating possibilities are endless. Healthy rental comps show low market times and up to $2,000 for a 3-bed/1-bath rental without parking. (See MLS#:11971537 for a similar-sized comparable rental located at 303 N Lockwood.) COMPETITIVE ADVANTAGE: Rent the 3-car garage for additional income. Plus, your tenants will love the spacious living areas with separate dining rooms, eat-in kitchens, and updated plumbing and electrical. This is an ideal opportunity for owner-occupants or investors looking to capitalize on a strong rental market with potential for rental growth and a stable tenant base. We've covered all the essentials to minimize the cost of ownership: all units have separate heating and in-unit washer & dryer hookups. Please note: the seller does not warrant the legality of the in-law garden unit.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1945 | |
| — | |
| — | |
| No | |
| 0.09 |
| Cook | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 12280806 | |
| 16161130440000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Hefferan Elementary School |
299 | — | |
|
Middle School
Marshall Metropolitan High Schoo |
299 | Not in DB | |
|
High School
Marshall Metropolitan High Schoo |
299 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 23 Oct, 2024 | Sold | $285,000 | MRED MLS |
| 28 Aug, 2024 | Under contract | $345,000 | MRED MLS |
| 22 Aug, 2024 | Listed for sale | $345,000 | MRED MLS |
| 31 Mar, 2025 | Sold | $530,000 | MRED MLS |
| 5 Feb, 2025 | Under contract | $499,000 | MRED MLS |
| 30 Jan, 2025 | Listed for sale | $499,000 | MRED MLS |
Room Specifics
Total Bedrooms: 9
Bedrooms Above Ground: 9
Bedrooms Below Ground: 0
Dimensions: —
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Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: Finished
Other Specifics
| 3 | |
| — | |
| — | |
| — | |
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| 4340 | |
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| — | |
| — | |
| — | |
| Not in DB | |
| — | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2024 | $7,806 |
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Listing Provided By
MPower Residential Brokerage LLC
