IL > Chicago
Chicago, IL 60644,5334 W Gladys AVE
Chicago, IL 60644,5334 W Gladys AVE
Chicago, IL 60644,5334 W Gladys AVE
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Jaime Birks

Jaime Birks

+1(708) 925-2352
$499,000
Est. payment /mo
9 Beds
3 Baths
3,920 Sqft Lot
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UPDATED:

01/31/2025 10:16 PM

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12280806

Style Contemporary

Bedrooms 9

Year Built 1945

Annual Tax Amount $7,806

Tax Year 2023

Lot Size 3,920 Sqft

Lot Dimensions 4340

Property 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.

Location

State IL

County Cook

Area Chi - Austin

Zoning MULTI

Rooms

Basement Full

Interior

Heating Natural Gas

Equipment CO Detectors

Fireplace N

Exterior

Parking Features Detached

Garage Spaces 3.0

Community Features Curbs, Gated, Sidewalks, Street Lights, Street Paved

Roof Type Flat

Building

Lot Description Fenced Yard, Landscaped

Dwelling Type Two to Four Units

Sewer Other

Water Lake Michigan

New Construction false

Schools

Elementary Schools Hefferan Elementary School

Middle Schools Marshall Metropolitan High Schoo

High Schools Marshall Metropolitan High Schoo

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

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Midwest Real Estate Data (MRED) IDX
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Karla Mina • MPower Residential Brokerage LLC

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Jaime Birks

+1(708) 925-2352

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5334 W Gladys AVE