5521 West Gladys Avenue

Chicago, IL 60644

$720,000
Price
12
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investment Opportunity! This 8-unit property is a cash cow, generating $8,664 in monthly gross income. Consisting of four 2-bed, 1-bath units and four 1-bed, 1-bath units, all currently occupied by CHA Section 8 tenants, ensuring a steady, government-backed income stream. Each unit features separate utilities and gas forced air. Well-maintained and situated in a prime location. Don't miss this chance for a reliable investment in a thriving area!Investment Opportunity! This 8-unit property is a cash cow, generating $8,664 in monthly gross income. Consisting of four 2-bed, 1-bath units and four 1-bed, 1-bath units, all currently occupied by CHA Section 8 tenants, ensuring a steady, government-backed income stream. Each unit features separate utilities and gas forced air. Well-maintained and situated in a prime location. Don't miss this chance for a reliable investment in a thriving area!
  1. Listed by Sagar Shah • YBRS Realty Inc.

Property Details for 5521 West Gladys Avenue

Area
CHI - Austin
Township
West Chicago
Zoning
MULTI
LISTING UPDATED: 08/17/2024 03:30 AM

Property Details for 5521 West Gladys Avenue

StatusActive
MLS #11942380
Days on Market378
Taxes$8,321 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Garden Complex
Year Built1965
Lot Size0.14 AC / 6,200 SF
CountyCook County

Building Information for 5521 West Gladys Avenue

Stories2Residences8Year Built1965Building Size-Lot Size0.14 AC / 6,200 SF

Property Information for 5521 West Gladys Avenue

General Information
Location and General Information
  • Frontage Type: City Street
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 8
  • # Of Disposals: 0
  • Num of Baths: 4.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat, Hot Water
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Garden Complex
  • Lot Dimensions: 6200
  • Lot Size Square Feet: 6200.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • # Of Ranges: 8
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 2
  • Document Date: 2024-07-19T16:05:41
  • Photos Count: 21
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $101,484.00
  • Gross Scheduled Income: $101,484.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Known Encumbrances: First Mortgage
  • Janitor Expense: 0
  • Total Monthly Income: 8457
  • Net Operating Income: $101,484.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 4
Unit 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 4
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 5521 West Gladys 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 5521 West Gladys Avenue

Taxable ValueLand$6,510Additions$33,944Total$40,454
Tax Record2022$8,321 ($693 / month)
Home Facts
Stories2Lot Size6,200 SqFtStyleMulti-Family Res (5+ Units)Year Built1965CountyCOOKAPN16-16-114-058

Schools near 5521 West Gladys Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - K to 8
Charter - K to 8
Rating
School
Distance
Leland Elementary School
PublicPK to 8

Austin College and Career Acad High School
Public9 to 12

Catalyst Circle Rock Elementary School
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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5521 West Gladys Avenue is a multi-family home for sale in Chicago, IL 60644. This property was listed for sale on December 5, 2023 by YBRS Realty Inc., it's currently listed at $720,000. It has been on the market for a total of 378 days and was last sold on November 30, 2017. This listing's school district is Chicago Public Schools. Nearby schools include Leland Elementary School, Austin College and Career Acad High School and Plato Learning Academy Elementary School. 5521 West Gladys Avenue is a 12-bed, 4-bath, multi-family home built in 1965.

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 YBRS Realty Inc.

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 08/17/2024 03:30 AM. 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.