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$549,999

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4 Beds

3 Baths

New

5641 N Austin AVE Chicago, IL 60646

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Anthony Florentino

tony@florentino.homes +1(773) 814-8466

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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

Subdivision Gladstone Park

MLS Listing ID 12732399

Bedrooms 4

Year Built 1926

Annual Tax Amount $8,924

Tax Year 2024

Lot Dimensions 30 X 124

Property Sub-Type Two to Four Units

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.

Location

State IL

County Cook

Area Chi - Jefferson Park

Rooms

Basement Partially Finished, Rec/Family Area, Full

Interior

Heating Natural Gas

Equipment Sump Pump

Fireplace N

Exterior

Community Features Sidewalks, Street Lights

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Building Description Vinyl Siding, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Vinyl Siding

New Construction false

Schools

Elementary Schools Hitch Elementary School

Middle Schools Hitch Elementary School

High Schools Taft High School

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Benjamin Geerts of @properties Christie's International Real Estate

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Anthony Florentino

Managing Broker | License ID: 471015396

+1(773) 814-8466

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5641 N Austin AVE Chicago, IL 60646

Anthony Florentino

Key Details

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Exterior

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Schools

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5641 N Austin AVE