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5641 N Austin Avenue

Chicago, IL 60646
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Bed 4

Bed

Bath 3

Bath

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 imm ediate 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $549,999

AD Id : 89964318

MLS Id : MRD12732399

Beds : 4

Year Built : 1926

County : Cook

Subdivision: Gladstone Park

  • Map Map

Map

Feature Features

  • Bedroom Information

    Total Bedroom: 4 Room Types: Enclosed Porch, Recreation Room

    Bathroom Information

    Total Baths: 3

    Room Information

    Rooms Total: 11

    Interior Features

    Roof: Asphalt

    Roofing Information

    Asphalt
  • Flooring Information

    Construction Materials: Vinyl Siding
  • Heating & Cooling

    Heating: Natural Gas WaterSource: Lake Michigan

  • Building Information

    Year Built: 1926

  • Lot Information

    Lot Dimensions: 30 X 124 Lot Size: Oversized Chicago Lot

    Property Information

    Property Type: Residential Income Sub Type: Two to Four Units

  • Listing Price Information

    Original List Price:$549999

  • Tax Information

    Annual Tax: $8924.83 Tax Year: 2024 Parcel Number: 13054260070000

  • Parking Information

    Total Parking: 2 Off Alley, Alley Access, Yes, Owned

  • School Information

    Elementary School: Hitch Elementary School Junior High School: Hitch Elementary School Senior High School: Taft High School
  • Utility Information

    Sewer: Public Sewer Water Source: Lake Michigan
  • Location Information

    Subdivision: Gladstone Park City: Chicago Direction: Austin Ave. North of Bryn Mawr Ave. Property is on the east side of Austin Ave.
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Nearby Home Value

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6000 N Cicero Avenue #515, Chicago, IL, 60646 $439,900 2 2 1,300 1,300 SqFt
5865 N Elston Avenue #2S, Chicago, IL, 60646 $265,000 2 1 900 900 SqFt
6209 N Caldwell Avenue, Chicago, IL, 60646 $475,000 2 2 1,342 1,342 SqFt
5625 N Menard Avenue, Chicago, IL, 60646 $649,900 4 3 2,663 2,663 SqFt
5942 W Thorndale Avenue, Chicago, IL, 60646 $599,999 3 2 --
6150 W Thorndale Avenue, Chicago, IL, 60646 $735,000 5 3 --
6940 N Mendota Avenue, Chicago, IL, 60646 $1,100,000 5 4 3,955 3,955 SqFt
5626 N Miltimore Avenue, Chicago, IL, 60646 $564,900 4 2 2,800 2,800 SqFt
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ByOwner last updated this listing 08/27/2026 @ 06:20

MLS: MRED #12732399 LISTED BY: Benjamin Geerts, @properties Christie's International Real Estate 312-254-0200 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)

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