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  • $530,000

    5334 W Gladys Ave, Chicago, IL 60644

    9beds
    --sqft
    Multi Family
    Built in 1945
    -- sqft lot
    $572,600 Zestimate®
    $--/sqft
    $1,677 Estimated rent

    Home value

    $572,600

    $510,000 - $641,000

    $1,677/mo

    Zestimate® history
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    $3,804/mo

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    What's special

    Stylish light fixturesGorgeous bathroomsEat-in kitchensFully loaded gourmet kitchensTons of storageBlocks from oak parkSeparate dining rooms
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Karla Mina 312-498-8473,

    MPower Residential Brokerage LLC

    Bought with:

    Cedrick Hunter, CRB

    Hunter's Realty, Inc.

    Source: MRED as distributed by MLS GRID,MLS#: 12280806MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Natural Gas
    Features
    • Basement: Finished,Full

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage Door Opener, On Site, Garage Owned, Detached, Garage
    • Garage spaces: 3
    • Has uncovered spaces: Yes
    Features
    • Fencing: Fenced
    Lot
    • Size: 3,920 Square Feet
    • Features: Landscaped
    Details
    • Parcel number: 16161130440000
    • Zoning: MULTI
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Contemporary
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Concrete Perimeter
    • Roof: Flat
    Condition
    • New construction: No
    • Year built: 1945
    • Major remodel year: 2024

    Utilities & green energy

    • Sewer: Other
    • Water: Lake Michigan

    Community & HOA

    Community
    • Features: Curbs, Gated, Sidewalks, Street Lights, Street Paved
    • Security: Carbon Monoxide Detector(s)
    Location
    • Region: Chicago

    Financial & listing details

    • Annual tax amount: $7,806
    • Date on market: 1/31/2025
    • Listing terms: FHA
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    3/31/2025Sold$530,000+6.2%
    Source: MRED as distributed by MLS GRID #12280806 Report a problem
    2/6/2025Pending sale$499,000
    Source: MRED as distributed by MLS GRID #12280806 Report a problem
    1/31/2025Listed for sale$499,000+75.1%
    Source: MRED as distributed by MLS GRID #12280806 Report a problem
    10/23/2024Sold$285,000-17.4%
    Source: MRED as distributed by MLS GRID #12144757 Report a problem
    9/9/2024Pending sale$345,000
    Source: MRED as distributed by MLS GRID #12144757 Report a problem
    8/29/2024Contingent$345,000
    Source: MRED as distributed by MLS GRID #12144757 Report a problem
    8/22/2024Listed for sale$345,000
    Source: MRED as distributed by MLS GRID #12144757 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: South Austin

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Hefferan Elementary School
    • Middle: Marshall Metropolitan High Schoo
    • High: Marshall Metropolitan High Schoo
    • District: 299

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $572,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $572,600