$499,000
 $2,679 est/mo Sourced by Back At You

5334 W Gladys Avenue , Chicago, IL 60644

Chicago, IL 60644

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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.

Details

MLS#12280806
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusPending
Year1945
Days On Site17
Listing Provided ByMPower Residential Brokerage LLC | Karla Mina

Features

Bed(s)9
Bath(s)3
Garage3
BasementY
ZoningMULTI
Acreage0.09

Market Activity 60644

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Learn More About This Property

StateIL
CountyCook
CityChicago
Zip Code60644
AreaCHI Austin
School DistrictMarshall Metropolitan High Schoo
Elementary SchoolHefferan Elementary School
Middle SchoolMarshall Metropolitan High Schoo
High SchoolMarshall Metropolitan High Schoo
Listing VS Median (in 60644)
Price:
$499,000
low | high
Med:
$194,950
100% of Average
On Site:
17
low | high
Med:
81.500000
20.858895705521% of Average
Sourced by Back At You
Listing Updated: February 14, 2025 at 7:09:53 PM PST