5300 W Congress Parkway
Chicago, IL 60644

Status: Active
Multi Family
8 beds
0 baths
0 sq.ft
Listing Price: $599,999

About this home

Welcome home to a gem nestled in the vibrant Austin neighborhood of Chicago, IL. This enchanting 4-unit building exudes character and offers a unique opportunity for investors and savvy buyers alike. Situated in the heart of Austin, this property enjoys proximity to an array of amenities. From eclectic dining options in Oak Park to convenient shopping centers, everything you need is just moments away. Additionally, with easy access to public transportation and i290, commuting to downtown Chicago or beyond is a breeze. This 4 unit brick building offers two units with formal living room, dining room and kitchen with 2 ample size bedrooms and a full bath. the rear units have a large living room adjacent to the kitchen leading to 2 bedroom and full bath. While in need of updates and renovations, it presents an incredible canvas for those with vision. Whether you're looking to restore it to its former glory or customize it to suit modern tastes, the possibilities are endless. With rental demand on the rise in the Austin area, this property presents a lucrative investment opportunity. Renovate and modernize the units to attract premium tenants or convert the building into sought-after luxury apartments- the choice is yours. Rarely do properties with such character and potential become available. Seize this opportunity to own a piece of Chicago history and unlock the true value. Schedule a showing today and let your imagination run wild with possibilities!

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 91-100 Years
3 Bedroom Unit in Building No
Approx Year Built 1926
Exterior Building Type Brick
Parking None
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Sidewalks, Street Lights, Street Paved
Area Major CHI - Austin
Zoning Type MULTI
Corporate Limits Chicago
Directions North or South on Laramie Ave to Congress PKWY, West on Congress PKWY to property.
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township West Chicago
Interior Features
Basement Description Partially Finished
Basement Full ,Walkout
Bedrooms Count 8
Bedrooms Possible 8
Baths Count 4
Full Baths in Building Count 4
Total Rooms 18
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 850
Appliances And Features None
Full Baths Total 1
Lease Expiration Date M/M
Rooms Total 5
Tenant Pays Electric,Gas
Floor Number 1
Square Feet 1000
unit 2
Beds Total 2
Baths Total 1
Actual Rent 850
Appliances And Features None
Full Baths Total 1
Lease Expiration Date M/M
Rooms Total 4
Tenant Pays Electric,Gas
Floor Number 2
Square Feet 1000
unit 3
Beds Total 2
Baths Total 1
Actual Rent 750
Appliances And Features None
Full Baths Total 1
Lease Expiration Date M/M
Rooms Total 4
Tenant Pays Electric,Gas
Floor Number 1
Square Feet 900
unit 4
Beds Total 2
Baths Total 1
Actual Rent 750
Appliances And Features None
Full Baths Total 1
Lease Expiration Date M/M
Rooms Total 4
Tenant Pays Electric,Gas
Floor Number 2
Square Feet 900
Property / Lot Details
Lot Dimensions 121X50
Lot Description Fenced Yard
Lot Size Source County Records
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 4 Flat
Number Of Units in Building 4
Property Type Two to Four Units

Financials

Gross Rental Income $38,400
Net Oper Income $38,400
Rental Income 38400
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 16161180630000
Special Assessments U
Taxes $4,923
Tax Exemptions None
Tax Year 2022
$599,999 Listing Price:
MLS # 12067741
Investment Profile Residential Income
Listing Market Time 26 days
Basement Full ,Walkout
Type Unit 4 Flat
Number of Units in Building 4
Parking None
List Date 05/31/2024
Year Built 1926
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