5005 West Chicago Avenue

Chicago, IL 60651

$349,900
Price
5
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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!
  1. Listed by Amy Wu • Keller Williams Success Realty
  2. Listed by Jessica Jeffries • Keller Williams Success Realty

Property Details for 5005 West Chicago Avenue

Area
CHI - Austin
Township
West Chicago
Ownership
Fee Simple
Num Of Parking Spaces
0.0
Heat/Fuel
Natural Gas, Forced Air, Sep Heating Systems - 2+
LISTING UPDATED: 11/14/2024 09:27 PM

Property Details for 5005 West Chicago Avenue

StatusActive
MLS #12196671
Days on Market64
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1898
Lot Size0.07 AC / 3,150 SF
CountyCook 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

General Information
School Information
  • Elementary School District: 299
  • Elementary School: Nash Elementary School
  • Jr High Middle School: Nash Elementary School
  • High School District: 299
  • High School: Marshall Metropolitan High Schoo
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 14
  • Bedrooms (Below Grade): 0
  • Community Features: Park, Sidewalks, Street Paved
  • Bath Amenities: Separate Shower
  • Basement Type: Full
  • Bedrooms Possible: 5
  • Basement Description: Finished, Storage Space
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Room Type: Recreation Room, Utility Room-Lower Level
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
  • Other Equipment: Ceiling Fan(s), Multiple Water Heaters
Property/Lot Information
  • Exterior Property Features: Deck
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2024
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Oversized Chicago Lot
  • Lot Dimensions: 3150
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • North Coordinate: 0
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 5005
  • Lot Size Source: County Records
  • 3 Br Un In Bldg: Yes
  • Conversion: N
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA
  • Public Document Count: 8
  • Document Date: 2024-11-01T01:39:44
  • Photos Count: 62
  • Deconversion: N
  • OpenHouse Count: 2
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: N/A
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: N/A

Property History for 5005 West Chicago Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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5005 West Chicago Avenue is a multi-family home for sale in Chicago, IL 60651. This property was listed for sale on October 31, 2024 by Keller Williams Success Realty, it's currently listed at $349,900. It has been on the market for a total of 64 days and was last sold on January 13, 2006. This listing's school district is Chicago Public Schools. Nearby schools include Nash Elementary School, Marshall Metropolitan High School and KIPP Academy Chicago Campus. 5005 West Chicago Avenue is a 5-bed, 3-bath, multi-family home built in 1898.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Success Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/14/2024 09:27 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.