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$549,900 -$20,000 (-3.51%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
  • Updated 1 hour ago
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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. Each unit features generous room sizes, classic layouts, and good ceiling height. Separate utilities.

Full Property Details for 1506 N Mayfield Ave

General

  • Price: $549,900
  • Taxes: $5,064 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12687901
  • Updated: 7/5/2026
  • Added to Site: 13 day(s) ago

Rental Information

  • Complex Features: Curbs, Sidewalks, Street Lights

Interior

  • Basement: Finished, F

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Upper - Full Baths: 3

Bedrooms

  • Total Bedrooms: 8

Parking

  • Total Spaces: 4
  • Parking Features: Driveway, Alley Access, Additional Parking, Yes, Owned

Location

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

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Heating & Cooling

  • Heating Type: Natural Gas, Radiator(s)

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • 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
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 16052010360000

Listed by Cosmos Realty Investors, Inc.

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Listing agent

— 1506 N Mayfield Ave —

  • Cosmos Realty Investors, Inc.

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1506 N Mayfield Ave

School District:Chicago Public School District 299
NameGradesDistance
Young Elementary School
1434 North Parkside Avenue, Chicago, IL 60651
PK-80.3 mi
Douglass Academy High School
543 North Waller Avenue, Chicago, IL 60644
9-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1506 N Mayfield Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/05/2026
Price Reduced
$549,900
-3.51%
MLS
6/24/2026
Listed
$569,900
109.52%
MLS
6/16/2025
Sold
$272,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1506 N Mayfield Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,064
—
$32,000
33%
2023
$5,064
3%
$24,000
—
2022
$4,936
2%
$24,000
—
2021
$4,826
22%
$24,000
35%
2020
$3,967
-2%
$17,808
-12%
2019
$4,066
2%
$20,237
—
2018
$3,998
-14%
$20,237
-6%
2017
$4,658
7%
$21,637
—
2016
$4,334
9%
$21,637
—
2015
$3,965
-3%
$21,637
-2%
2014
$4,092
2%
$22,056
—
2013
$4,011
1%
$22,056
—
2012
$3,958
—
$22,056
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Cosmos Realty Investors, Inc.

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1506 N Mayfield Avenue, Chicago, IL 60651 (MLS# 12687901) is a Multi-Family property with 3 units containing 8 bedrooms and 0 full bathrooms. 1506 N Mayfield Avenue is currently listed for $549,900 and was received on June 24, 2026. 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.

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