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$549,999

5641 Austin Avenue, Chicago, IL 60646
4 Beds3 Baths8 days
5641 Austin Avenue·Chicago, IL 60646
4Bedrooms
3Bathrooms
1926Year Built
About This Home

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# 12732399Listed August 24, 2026Residential IncomeSubdivision: Gladstone Park
Property Details

Beds & Baths

Total Bedrooms4
Total Bathrooms3
Total Rooms11

Size & Structure

Year Built1926
Lot Size30 X 124

Location

CountyCook
TownshipJefferson
SubdivisionGladstone Park
Zip Code60646

Financial

List Price$549,999
Annual Taxes (2024)$8,925
Monthly Tax Est.$744
Parcel #13054260070000
Interior Features

Heating

Natural Gas

Basement

Partially FinishedRec/Family AreaFull
Exterior & Lot

Construction

Vinyl Siding

Roof

Asphalt

Foundation

Concrete Perimeter
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

Off AlleyAlley AccessYesOwned
HOA & Community

Community Features

SidewalksStreet Lights
Schools
Elementary
Hitch Elementary School
District: 299
Middle School
Hitch Elementary School
District: 299
High School
Taft High School
District: 299
Tax & Financial
Annual Taxes
$8,925
Tax Year 2024
Monthly Tax Est.
$744
per month
Property Location

5641 Austin Avenue, Chicago, IL 60646 — Cook County

$549,999
5641 Austin Avenue
4 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
8 days on market
30 X 124
$8,925/yr taxes
$3,634
estimated monthly payment
Principal & Interest
$2,890/mo
Property Tax
$744/mo
$549,999
20% — $110,000
3%50%
6.875%
3%12%
Loan Amount
$439,999
Down Payment
$110,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
@properties Christie's International Real Estate
Agent: Benjamin Geerts
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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