5005 West Chicago Avenue
$349,900
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3
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Description
Massive Equity Opportunity in South Austin! This is an ideal chance for both owner-occupants and investors with a potential cap rate of 7-9% to build instant equity in a rapidly appreciating neighborhood. This spacious 2-unit property, with a bonus non-conforming basement, has huge potential. Major updates have been completed, including a brand new tear-off roof, siding, water heaters, plumbing, and furnaces, leaving only cosmetic updates and appliances for you to add value and create built-in equity....Massive Equity Opportunity in South Austin! This is an ideal chance for both owner-occupants and investors with a potential cap rate of 7-9% to build instant equity in a rapidly appreciating neighborhood. This spacious 2-unit property, with a bonus non-conforming basement, has huge potential. Major updates have been completed, including a brand new tear-off roof, siding, water heaters, plumbing, and furnaces, leaving only cosmetic updates and appliances for you to add value and create built-in equity. The main level unit features 3 bedrooms, a spacious living room, separate dining room, and sizable kitchen, while the upper level offers 2 bedrooms, a large walk-in closet, and great storage. Live in one unit and rent the other, plus the basement with 2 bedrooms and a full bathroom, for even more income opportunities. Owner-occupants benefit from a $20,000 forgivable grant, requiring just $1,000 to close, with options to layer additional grants through your preferred lender. Note: Certain areas may need finishing touches, making it ideal for buyers ready to customize and maximize value. Located in the heart of South Austin's thriving market, this property is in a transforming neighborhood with rising home values and strong equity growth. Don't miss this high-potential opportunity-schedule your tour today!
- Listed by Amy Wu • Keller Williams Success Realty
- Listed by Jessica Jeffries • Keller Williams Success Realty
Property Details for 5005 West Chicago Avenue
Area
CHI - Austin
TownshipWest Chicago
OwnershipFee Simple
Num Of Parking Spaces0.0
Heat/FuelNatural Gas, Forced Air, Sep Heating Systems - 2+
LISTING UPDATED: 11/14/2024 09:27 PM
Property Details for 5005 West Chicago Avenue
Status | Active |
---|---|
MLS # | 12196671 |
Days on Market | 64 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 2 Flat |
Year Built | 1898 |
Lot Size | 0.07 AC / 3,150 SF |
County | Cook County |
Building Information for 5005 West Chicago Avenue
Stories-Residences2Year Built1898Building Size-Lot Size0.07 AC / 3,150 SF
Property Information for 5005 West Chicago Avenue
Property History for 5005 West Chicago Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5005 West Chicago Avenue
Taxable ValueLand-Additions-Total-
Home Facts
Baths3.5Total Finished SqFt2,382 SqFtAbove Grade Finished SqFt2,382 SqFtStories2Lot Size3,150 SqFtStyleMulti-Family Dwelling (2-4)Year Built1898CountyCOOKAPN16-09-202-021
Schools near 5005 West Chicago Avenue
This home is within Chicago Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
Nash Elementary School PublicPK to 8 | ||
Marshall Metropolitan High School Public9 to 12 | ||
KIPP Academy Chicago Campus CharterK to 8 | ||
KIPP Create College Prep CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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