5633 N Austin Avenue, Chicago, Cook County, IL, 60646 Chicago IL US

USD 450,000
For Sale MLS: 11813585

Property Details

Bedrooms

4

Bathrooms

2

Neighborhood

Gladstone Park

Property Type

MultiFamily

Description

Welcome to 5633 N Austin Ave, a charming and well-maintained 2-unit building located on a 30' wide lot in vibrant Jefferson Park. This property presents an excellent opportunity for investors or multi-generational families seeking a comfortable and versatile living space. A fantastic investment property in the family since 1972. Both units offer spacious and inviting layouts. Upon entering each, you'll be greeted by a bright and airy living area with beautiful hardwood floors, perfect for relaxing or entertaining guests. Each home features 2 bedrooms and 1 bathroom, providing ample space for a growing family or accommodating roommates. The kitchens are thoughtfully designed with functionality in mind and newer modern LVT flooring. Additionally, there is access to a private backyard, ideal for outdoor gatherings and activities. Conveniently situated in the Jefferson Park neighborhood, this property benefits from its prime location in Chicago. Residents will appreciate the proximity to various amenities, including shops, restaurants, parks, and schools (across the street from the elementary school!), all within a short distance. Easy access to public transportation and major highways, allowing for seamless travel throughout the city and beyond. Only 15 minutes to O'Hare and 20 minutes to Downtown! Investment Potential: With its dual-unit setup, this building presents an attractive investment opportunity. The ability to generate rental income from both units provides a steady cash flow potential. Alternatively, occupying one unit while renting out the other can help offset mortgage costs. The strong demand for rental properties in this desirable location ensures a favorable return on investment. New Boiler 12/2019, Electrical panels 11/2020, Water heater 2018, Roof 2017, windows 2010, walls insulated 2008, copper piping. Hardwood floors refinished and LVT in kitchen 2019, various updates to apartments 2019-2021. Garage being conveyed As Is. Needs work, currently used for storage. Find out more about this property. Request details here

Location

Address

5633 North Austin Avenue, Chicago, Illinois 60646, United States

City

Chicago

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