5334 W Gladys Avenue
Chicago, IL 60644
- 9 beds
- 3 baths
- – sqft
- 3,920 sqft lot
- 1945 build
- – on site
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.
Last checked:
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Last updated Feb 1, 2025
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MLS# 12280806 —
The Building
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Year Built:1945
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Rebuilt:No
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New Construction:false
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Architectural Style:Contemporary
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Roof:Flat
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Basement:Full
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Foundation Details:Concrete Perimeter
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Other Equipment:CO Detectors
Interior
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Rooms Total:12
Location
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Directions:From S Laramie Ave toward W Congress Pkwy, Turn left onto W Gladys Ave
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Location:87688
The Property
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Parcel Number:16161130440000
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Property Type:Residential Income
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Location:N
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Lot Features:Fenced Yard, Landscaped
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Lot Size Dimensions:4340
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Lot Size Acres:0.09
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Lot Size Source:Owner
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Zoning:MULTI
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (312) 498-8473
- Office phone:
- (312) 498-8473
Taxes
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Tax Year:2023
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Tax Annual Amount:7806.42
Beds
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Bedrooms Total:9
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Bedrooms Possible:9
Baths
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Baths:3
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Full Baths:3
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Natural Gas
Utilities
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Sewer:Other
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Water Source:Lake Michigan
Schools
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Elementary School:Hefferan Elementary School
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Elementary School District:299
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Middle Or Junior School:Marshall Metropolitan High Schoo
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Middle Or Junior School District:299
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High School:Marshall Metropolitan High Schoo
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High School District:299
The Community
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Community Features:Curbs, Gated, Sidewalks, Street Lights, Street Paved
Parking
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Parking Total:3
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Garage Type:Detached
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Garage Spaces:3
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Garage Onsite:Yes
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Garage Ownership:Owned
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/31/25
Jan 31, 2025
|
Listed / Active | MRED | $499,000 | 75.1% |
|
10/23/24
Oct 23, 2024
|
MRED | $285,000 | -17.4% | |
|
9/9/24
Sep 9, 2024
|
MRED | $345,000 |
