$530,000

beds

baths

5334 W Gladys Avenue

Chicago, Illinois 60644

Closed / MLS #12280806 / Multiple Unit (2-4) / Austin

Listing information updated 3/31/2025 at 7:03pm

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.

Full Features

Architecture Style:

Contemporary

Exterior Type:

Brick

Basement:

Finished

Beds Above Grade:

Heating System:

Natural Gas

Pool:

Age:

71-80 Years

Roof Type:

Flat

Parking Type:

Garage

Parking Spaces:

Garage:

Garage Door Opener(s)

Room Count:

Water Front:

Square Feet:

N/A

Lot Size:

Less Than .25 Acre

Acreage:

0.09

Taxes & Assessments

Tax Amount:

$7,806

Tax Year:

2023

Location

Zip Code:

60644

City:

Chicago

County:

Cook

Schools

School District(s):

299

Elementary School:

Hefferan Elementary School

Middle School:

Marshall Metropolitan High Schoo

High School:

Marshall Metropolitan High Schoo

Full Features Taxes & Assessments Location Schools

Architecture Style:

Contemporary

Exterior Type:

Brick

Basement:

Finished

Beds Above Grade:

Heating System:

Natural Gas

Pool:

Age:

71-80 Years

Roof Type:

Flat

Parking Type:

Garage

Parking Spaces:

Garage:

Garage Door Opener(s)

Room Count:

Water Front:

Square Feet:

N/A

Lot Size:

Less Than .25 Acre

Acreage:

0.09

Listing Office: MPower Residential Brokerage LLC

Listing Office Phone: 312.498.8473

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 3/31/2025 at 7:03pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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5334 W Gladys Avenue is a multiple unit (2-4) which sold for $530,000. 5334 W Gladys Avenue features 9 Beds, 3 Baths. This multiple unit (2-4) has been listed on @properties Christie's International Real Estate since January 30th, 2025 and was built in 1945. Nearby schools include Hefferan Elementary School and Marshall Metropolitan High Schoo. The nearest transit stops include Cicero CTA Blue line.