5005 W Chicago AVE Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60651
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12283896
Bedrooms 5
Year Built 1898
Tax Year 2023
Lot Dimensions 25 X 126
Property Sub-Type Two to Four Units
Property Description
This spacious 2-unit property has undergone major updates, including a brand-new tear-off roof, siding, water heaters, plumbing, and furnaces. With only cosmetic finishes and appliances left to add, you can easily enhance its value and build instant equity. The main-level unit offers 3 bedrooms, a generous living room, a separate dining room, and a sizable kitchen, while the upper unit features 2 bedrooms, a large walk-in closet, and ample storage. Live in one unit and rent out the other-plus take advantage of the basement, which includes 2 additional bedrooms and a full bathroom, for even more income potential. Owner-occupants may qualify for a $20,000 forgivable grant, requiring just $1,000 to close, with opportunities to stack additional grants through your preferred lender. Some areas may need final touches, making this a perfect option for buyers looking to customize and maximize value.
Location
State IL
County Cook
Area Chi - Austin
Zoning MULTI
Rooms
Basement Full
Interior
Heating Natural Gas,Forced Air
Equipment CO Detectors,Ceiling Fan(s),Multiple Water Heaters
Fireplace N
Exterior
Community Features Sidewalks,Street Lights,Street Paved
Roof Type Asphalt
Building
Dwelling Type Two to Four Units
Sewer Public Sewer
Water Public
New Construction false
Schools
Elementary Schools Nash Elementary School
Middle Schools Nash Elementary School
High Schools Marshall Metropolitan High Schoo
School District 299 ,299, 299
Others
Ownership Fee Simple
Special Listing Condition None