5005 W Chicago Avenue, Chicago IL 60651

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$337,900

5005 W Chicago Avenue, Chicago, IL 60651

bedrooms

bathrooms

square feet

Acreage

Open Houses

year built

1898

Full Baths

Half Baths

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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!

Location
Subdivision	-
County	Cook
Elementary School	Nash Elementary School
Middle School	Nash Elementary School
High School	Marshall Metropolitan High Schoo

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None scheduled.

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MLS number: 12196671

Listing agent: Amy Wu #475186618

Listing broker: Keller Williams Success Realty (847) 381-9500

Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Wednesday, January 15 2025 at 12:20 a.m. EST

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