Welcome to 5005 W Chicago Ave, where you only need to bring $1,000 to the closing table to call this REHABBED 2-unit with finished basement "home". Benefit from a $20,000 forgivable GRANT and potential to convert to a legal 3-unit for passive income - all that is missing are your final touches! NEW UPDATES include TEAR-OFF ROOF, siding, 200 amps electric service, 3 gang meter bank, three circuit breaker panels, two water heaters, plumbing, two furnaces, and more! Each unit features spacious layouts with ample natural lighting, sizable rooms, and beautiful, neutral tones. Enter Unit 1 (main level) to enjoy a large living room, separate dining room, a kitchen that is equally big, two bedrooms, as well as a bonus room that can double as an office, nursery, playroom, storage room - you name it. Unit 2 (upper level) boasts two bedrooms including a primary bedroom with a walk-in closet, a bathroom with separate tub/shower, and additional storage space at the rear. The full basement can serve as an in-law suite with vast living space that consists of a living room, two bedrooms, full bathroom, and storage. Wired to be a 3-unit with expansion and the ability to add additional meters, this can be converted and rezoned as a legal 3-unit (subject to special use approval) for an instant gain in equity. Basic renovations have already begun in this multi-unit and here is the opportunity to add your style and appliances to make it yours. Perfect for living in one unit and renting out the other(s) for additional streams of income. Plenty of easy street parking available. Convenient location on Chicago Ave means that it is in the heart of revitalization in the Austin neighborhood and just minutes to local amenities such as public transit, Interstate access, retail, restaurants, parks/playgrounds, Garfield Park Conservatory, and more! This property is eligible for the coveted Home Purchase Assistance Grant Program for homebuyers that will purchase this as their primary residence. Reach out for more details and to schedule a tour! Schedule a Private Showing

Listing courtesy of MRED / Keller Williams Success Realty as distributed by MLS GRID

Last checked: Checking… • Last updated Nov 4, 2024 • Source: MRED

MLS# 12196671 — Report a problem