5334 West Gladys, Chicago IL 60644
- Units 3
- Total Beds 9
- Total Baths 3
- Taxes $7,806.42
- Payment Estimate View Mortgage Calculator
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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.
Features & Information
Key Details
- List Price $499,000
- Property Taxes $7,806.42
- Price/ Sq. Ft. Unavailable
- Year Built 1945
- Parking Type Garage
- Status Pending
Rooms
- Total Rooms 12
- Basement F
Exterior Features
-
Parking
- Parking Details Garage
- # of Cars: 3
- # of Garage Spaces: Garage Door Opener(s)
Building Information
- Number of Units 3
- Age of Building 71-80 Years
- Exterior Construction Brick
- Foundation Concrete
- Heating & Cooling Gas
-
Units
- Unit 1 Stove, Refrigerator, Central Air Conditioner, Laundry Hook-Up, Hardwood Floors
- Unit 2 Stove, Refrigerator, Central Air Conditioner, Laundry Hook-Up, Hardwood Floors
- Unit 3 Stove, Refrigerator, Dishwasher, Central Air Conditioner, Laundry Hook-Up
Location
- County Cook
- Township West Chicago
- Corporate Limits Chicago
- Directions to Property From S Laramie Ave Toward W Congress Pkwy, Turn Left Onto W Gladys Ave
-
Schools
- Elementary School District 299
- School Name Hefferan Elementary Schoo
- Junior High District 299
- School Name Marshall Metropolitan Hig
- High School District: 299
- School Name Marshall Metropolitan Hig
-
Property Taxes
- Tax 7806.42
- Tax Year 2023
- Tax Exemptions None
- Parcel Identification Number 16161130440000
Utilities
- Sewer Other
Listed by Karla Mina for MPower Residential Brokerage LLC | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 3/10/2025 7:32 AM. 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.
Explore South Austin
With wide boulevards, plenty of park space, inexpensive housing and convenient transportation options, South Austin is a Chicago neighborhood on the rise. Civic organizations are an active part of South Austin's community culture, working with residents and local businesses to revitalize the area and create an attractive and pleasant environment. A classic farmer's market sets up shop in the heart of South Austin every week during the warm weather months, and year round recreational activities are always going on at the neighborhood's popular Columbus Park fieldhouse. A nine-hole golf course makes it easy for South Austiners to keep those tee times and summertime movies and concerts in the park are a great evening event for the whole family to enjoy.
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