5334 W Gladys Ave Chicago, IL 60644
Austin Neighborhood
9
Beds
3
Baths
2,713
Sq Ft
3,920
Sq Ft Lot
Highlights
- Gated Community
- Contemporary Architecture
- Paved or Partially Paved Lot
- Landscaped Professionally
- Fenced Yard
About This Home
As of March 2025In 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 Agent to Sell the Property
MPower Residential Brokerage LLC License #471006190 Listed on: 01/30/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,806
Year Built
- Built in 1945 | Remodeled in 2024
Lot Details
- 3,920 Sq Ft Lot
- Fenced Yard
- Landscaped Professionally
- Paved or Partially Paved Lot
Parking
- 3 Car Garage
- Parking Included in Price
Home Design
- Contemporary Architecture
- Flat Roof Shape
- Brick Exterior Construction
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Potential Bedrooms
- 3 Bathrooms
Basement
- Basement Fills Entire Space Under The House
Schools
- Hefferan Elementary School
- Marshall Metropolitan High Schoo Middle School
- Marshall Metropolitan High Schoo
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
- 3 Units
- Gated Community
Similar Homes in Chicago, IL
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/31/2025 03/31/25 | Sold | $530,000 | +6.2% | $195 / Sq Ft |
| 02/05/2025 02/05/25 | Pending | -- | -- | -- |
| 01/30/2025 01/30/25 | For Sale | $499,000 | +75.1% | $184 / Sq Ft |
| 10/23/2024 10/23/24 | Sold | $285,000 | -17.4% | $105 / Sq Ft |
| 08/28/2024 08/28/24 | Pending | -- | -- | -- |
| 08/22/2024 08/22/24 | For Sale | $345,000 | -- | $127 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Karla Mina
Seller's Agent in 2025
Karla Mina
MPower Residential Brokerage LLC
(312) 498-8473
8 in this area
109 Total Sales
-
Cedrick Hunter
Buyer's Agent in 2025
Cedrick Hunter
Hunter's Realty, Inc.
(708) 628-2900
93 in this area
159 Total Sales
-
Andre Carter
A
Seller's Agent in 2024
Andre Carter
RE/MAX Premier
(309) 825-6055
1 in this area
18 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12280806
APN: 16161130440000
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