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USAILChicagoGladstone Park5641 N Austin Ave
Listing image | Image 1

5641 N Austin Ave, Chicago, IL

House

Other

Listed price in listed location currency (USD).
$549,999

432

MLS® 12732399

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes $8,925
Days Active 23
Lot Size 
Approx. Age 1926
MLS® Number 12732399

Property Address: 5641 N Austin Ave, Chicago, IL, 60646-6229

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number12732399
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1926
BasementPartially Finished, Rec/Family Area, Full
DrivewayOff Alley, Alley Access, Yes, Owned
Garage Spaces
HeatNatural Gas
A/C

Extras

How Much House Can I Afford?

Home Estimate Zoopraisal®

This property is estimated to sell between: $549,000 and $564,000.
Similar properties in this area sold on average for: $559,009
Expect to pay over asking. 67% of similar properties sold for more than the asking price.
Expected to sell very soon! Similar properties sold in 10 days. This home has been on Zoocasa for 23 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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