Don't miss this beautifully rehabbed and upgraded 2-unit building, ideal for Investors! Situated in the vibrant Austin community, Each spacious unit features hardwood floors throughout, modern kitchens with stainless steel appliances, and completely updated bathrooms. Enjoy year-round comfort with central air, heating units and new windows. Additional perks include a new oversized 2 car garage w/Loft for parking and/or additional storage for extra income. Each spacious unit features its own private deck, perfect for relaxing or entertaining. Tenants are already in place, making this a hassle-free, income-generating investment from day one! A true low-maintenance investment! The property also includes an unfinished walkout basement-a blank canvas with the potential to add additional income or expand existing living space.
Closed
$400,000
5567 W Gladys Ave, Chicago, IL 60644
4beds
--sqft
Multi Family
Built in 1953
-- sqft lot
$421,500 Zestimate®
$--/sqft
$1,906 Estimated rent
Home value
$421,500
$379,000 - $468,000
$1,906/mo
Zestimate® history
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$2,867/mo
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$2,867/mo
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Private deckCompletely updated bathroomsNew windowsCentral airHardwood floorsHeating units
Zillow last checked:
Listing updated:
Listed by:
Monique McPhail 773-495-9929,
Real People Realty
Bought with:
Ana Torelli
RE/MAX Horizon
Source: MRED as distributed by MLS GRID,MLS#: 12406685
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas
Appliances
- Included: Multiple Water Heaters, Gas Water Heater
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 2
- Parking features: Garage Door Opener, Heated Garage, Garage, On Site, Garage Owned, Detached
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck, Patio
- Fencing: Fenced
Lot
- Size: 3,936 Square Feet
- Dimensions: 32X123
Details
- Additional structures: Garage(s)
- Parcel number: 16161140500000
- Zoning: MULTI
- Special conditions: List Broker Must Accompany
- Other equipment: Ceiling Fan(s)
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Brick/Mortar
- Roof: Flat
Condition
- New construction: No
- Year built: 1953
- Major remodel year: 2016
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $220,000
- Annual tax amount: $4,575
- Date on market: 7/11/2025
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2025 | Sold | $400,000+2.6% |
Source:  MRED as distributed by MLS GRID #12406685 Report a problem | ||
| 7/16/2025 | Contingent | $390,000 |
Source: MRED as distributed by MLS GRID #12406685 Report a problem | ||
| 7/11/2025 | Listed for sale | $390,000+420% |
Source: MRED as distributed by MLS GRID #12406685 Report a problem | ||
| 8/24/2015 | Sold | $75,000-50.7% |
Source: MRED as distributed by MLS GRID #08867421 Report a problem | ||
| 6/13/2000 | Sold | $152,000+39.4% |
Source: Public Record Report a problem | ||
| 10/28/1999 | Sold | $109,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,758 -17.9% | $22,000 -12% |
| 2023 | $4,575 +3.1% | $24,999 |
| 2022 | $4,438 +1.9% | $24,999 |
| 2021 | $4,357 +77.1% | $24,999 +76.7% |
| 2020 | $2,461 -4.6% | $14,148 -13% |
| 2019 | $2,578 +1.8% | $16,263 |
| 2018 | $2,534 -27.9% | $16,263 -17.5% |
| 2017 | $3,516 +2% | $19,710 |
| 2016 | $3,448 +10.1% | $19,710 |
| 2015 | $3,131 +17.9% | $19,710 +16.8% |
| 2014 | $2,655 +2.5% | $16,877 |
| 2013 | $2,591 +0.4% | $16,877 |
| 2012 | $2,581 +7.7% | $16,877 -10.4% |
| 2011 | $2,397 +5.3% | $18,832 |
| 2010 | $2,275 +13.1% | $18,832 |
| 2009 | $2,011 -20.6% | $18,832 -22.7% |
| 2008 | $2,534 +17.1% | $24,377 |
| 2007 | $2,164 +35.6% | $24,377 |
| 2006 | $1,596 -5.1% | $24,377 +57.7% |
| 2005 | $1,682 +1.9% | $15,462 |
| 2004 | $1,651 +4.5% | $15,462 |
| 2003 | $1,581 -5.4% | $15,462 +39% |
| 2002 | $1,671 +6% | $11,123 |
| 2001 | $1,576 -5.5% | $11,123 |
| 2000 | $1,668 | $11,123 +28.1% |
| 1999 | -- | $8,684 |
Find assessor info on the county website
Neighborhood: South Austin
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Nearby schools
GreatSchools rating
- 3/10Leland Elementary SchoolGrades: PK-8Distance: 0.7 mi
- NADouglass Academy High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- 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
$421,500
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Estimated market value
$421,500
- Illinois
- Cook County
- Chicago
- 60644
- South Austin
- 5567 W Gladys Ave
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