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5641 N Austin Avenue, Chicago, IL 60646

$549,999
  • 5641 N Austin Avenue, Chicago, IL 60646 Main Photo

46 Photos

Active
BEDS4 BATHS3 full MLS#12732399
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONGladstone Park SCHOOLDistrict 299

Property Description

Rare opportunity to own a beautifully maintained two-flat in the heart of Gladstone Park! Owned by the same family for over 60 years, this pride-of-ownership property combines classic Chicago charm with numerous updates and strong income potential. Property being sold as-as. Both units have been thoughtfully refreshed, making this a truly turnkey opportunity for investors and owner-occupants alike. Major improvements include newer windows, roof, siding, gutters, downspouts, furnace, central air, updated kitchens, and recent interior paint. The second-floor unit was extensively updated in 2022 with new flooring, cabinetry, carpeting, and fresh paint, while the first-floor unit was repainted in 2025. The property features two well maintained units with tenants already in place, providing immediate rental income from day one. Both leases are currently month-to-month, offering future owners flexibility while benefiting from an established income stream. The first-floor unit has use of a finished rec room and bathroom, currently enjoyed as a comfortable space to relax, entertain, and watch the game. Located in highly desirable Gladstone Park, residents enjoy tree-lined streets, a strong neighborhood feel, and convenient access to the Kennedy Expressway, Metra, parks, restaurants, shopping, and everyday conveniences. This Northwest Side community is known for its welcoming atmosphere, excellent connectivity, and balance of city living with a more residential feel. Whether you're looking to expand your investment portfolio, live in one unit while generating rental income from the other, or acquire a well cared for multi-unit property in a prime location, this exceptional two-flat checks all the boxes. Don't miss the opportunity to own a turnkey building in one of Chicago's most established and sought-after neighborhoods.

5641 N Austin Avenue | MLS# 12732399

This multi-family property located at 5641 N Austin Avenue, Chicago, IL 60646 is currently listed for sale with an asking price of $549,999. N Austin Avenue is located within the District 299 school district. Search Chicago real estate on www.mycrr.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Partially Finished, Rec/Family Area, Full
Basement: Yes
Heating: Natural Gas
Lot Size: 30 X 124
Roof Type: Asphalt
Taxes: $8,924
Year Built: 1926

Feature Descriptions

Additional rooms: Enclosed Porch, Recreation Room
Exterior: Vinyl Siding
Lot Dimensions: 30 X 124
Other Equipment: Sump Pump
Parcel#: 13054260070000
Parking: Off Alley, Alley Access, Yes, Owned
Sewer: Public Sewer
Total Rooms: 11
Township: Jefferson
Water: Lake Michigan

Local Schools

High School: Taft High School
Middle School: Hitch Elementary School
Elementary School: Hitch Elementary School
School District: District 299

Listed By / Shown By

Listed By

Agency Name: @properties Christie's International Real Estate
Agency Phone: 312-254-0200

Shown By

Agency Title: Charles Rutenberg Realty
Agency Phone: 630-929-1100

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Estimated Payment

$ 3,685.18 per month $2,781.10 Principal & Interest $743.67 Property Tax $160.42 Homeowner's Insurance

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