5334 W Gladys AVE Pending Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60644
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Pending
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 Sub-Type Two to Four Units
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
Virtual Tour https://dashboard.prestigelistingphotos.com/media/download2.asp?hop=1&D2F0A489A33343B98DB44CA862087E2D