1506 N Mayfield Avenue, Chicago, IL 60651 - Photo 1

1/1

$272,000

Sold
Closed
Multi-Family
8 Total Beds

1/1

Property Description

North Austin 2-Flat with additional Basement Unit - Great Investment Opportunity! This solid brick 2-flat in North Austin offers two spacious units plus a garden apartment in the basement. The first-floor unit and basement are currently occupied by non-paying tenants - buyer will assume responsibility for the occupants. The second-floor unit is vacant, in decent condition, and can be rent-ready with just a little TLC. Each unit features generous room sizes, classic layouts, and good ceiling height. Separate utilities. The property is being sold as-is, cash only. Drive-by only. We are trying to arrange showings for the vacant unit.

Full Property Details

Full Property Details for 1506 N Mayfield Ave

General

Sold For: $272,000
Taxes: $5,064 (2023)
Status: Closed
Type: Multi-Family
Source: MRED
MLS ID: 12343129
Added to Site: 303 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 3

Bedrooms

Total Bedrooms: 8

Parking

Total Spaces: 4
Parking Features: Driveway, Alley Access, Additional Parking, On Site, Owned
Parking On-Site: Yes

Location

Area: CHI - Austin
County: Cook
Driving Directions: South of North Ave, East of Austin Blvd

School Information

School District: 299
Midd School District: 299

Heating & Cooling

Heating Type: Natural Gas, Radiator(s)

Utilities

Water: Public

Structural Information

Construction: Brick
Exterior Const.: Brick
Basement Desc.: Finished, Full
Roof: Flat
Year Built: 1925
Built Before 1978: Yes

Unit Information

Units in Building: 3

Lot Features

Lot Size Range: Less than .25 Acre
Lot Dimensions: 31 x 124
Lot Features: None

Financial Considerations

Parking Included: Yes
Assessment Year: 1925
Tax Amount: $5,064
Tax Year: 2023

Disclosures and Reports

Ownership: Fee Simple
Property ID: 16052010360000

Listed by Remax Future
Sold by Hometown Real Estate

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— 1506 N Mayfield Ave —

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Schools

Schools serving 1506 N Mayfield Ave

School District:Chicago Public School District 299

Name	Grades	Distance
Young Elementary School 1434 North Parkside Avenue, Chicago, IL 60651	PK-8	0.3 mi
Douglass Academy High School 543 North Waller Avenue, Chicago, IL 60644	9-12	1.2 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1506 N Mayfield Ave

Date

Details

Price

Change

Source

6/27/2025

Sold

$272,000

-6.21%

MLS

4/28/2025

Listed

$290,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Total Baths
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1506 N Mayfield Avenue, Chicago, IL 60651 (MLS# 12343129) is a Multi-Family property that was sold at $272,000 on June 27, 2025. Want to learn more about 1506 N Mayfield Avenue? Do you have questions about finding other Multi-Family real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.

1506 N Mayfield Ave Chicago, IL 60651