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$295,000
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Property Description
Bring your vision to life with this unique brick multifamily investment opportunity on a prominent corner lot in Chicago's Austin neighborhood. Currently configured as a 4-unit property and situated on two PINs, the basement is partially finished with 2 possible in-law units. Subject to zoning, permitting, and municipal approval. Fully vacant and ready for renovation, this property provides investors and developers with the advantage of immediate access to reimagine, restore, and create value from the ground up. Solid brick construction, corner-lot visibility, and significant value-add potential make this a compelling opportunity to invest in the future. Plant a seed and watch it grow as you unlock the possibilities of this well-positioned asset. Property is being sold as-is. Buyer is responsible for all inspections, due diligence, and verification of all information.
Full Property Details
Full Property Details for 5124 W Kinzie Ave
General
- Price: $295,000
- Taxes: $7,134 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12657479
- Updated: 8/13/2026
- Added to Site: 86 day(s) ago
Location
- Area: CHI - Austin
- County: Cook
- Township: West Chicago
- Driving Directions: Lake Street N on Laramie, W on Kinzie, N on Leamington
Heating & Cooling
- Heating Type: Gas
Structural Information
- Stories/Levels: 2
- Year Built: 1925
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 127.5 x 35.2
Financial Considerations
- Assessment Year: 1925
- Tax Amount: $7,134.64
- Tax Year: 2024
Disclosures and Reports
- Property ID: 16092250170000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 5124 W Kinzie Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Howe Elementary School, Chicago, IL 720 North Lorel Avenue, Chicago, IL 60644 | PK-8 | 0.5 mi |
Marshall Metropolitan High School 3250 West Adams Street, Chicago, IL 60624 | 12-11 | 2.5 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 5124 W Kinzie Ave
Date
Details
Price
Change
Source
8/13/2026
Price Reduced
$295,000
-1.67%
MLS
7/22/2026
Price Reduced
$300,000
-3.23%
MLS
7/03/2026
Price Reduced
$310,000
-1.59%
MLS
6/24/2026
Price Reduced
$315,000
-1.56%
MLS
6/14/2026
Price Reduced
$320,000
-1.54%
MLS
6/03/2026
Listed
$325,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5124 W Kinzie Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$253
—
$1,512
26%
2023
$253
3%
$1,197
—
2022
$246
2%
$1,197
—
2021
$241
1%
$1,197
12%
2020
$239
11%
$1,071
—
2019
$215
1%
$1,071
—
2018
$212
4%
$1,071
13%
2017
$203
7%
$945
—
2016
$189
9%
$945
—
2015
$173
5%
$945
7%
2014
$164
2%
$882
—
2013
$160
1%
$882
—
2012
$158
—
$882
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5124 W Kinzie Ave
5124 W Kinzie Avenue, Chicago, IL 60644 (MLS# 12657479) is a Commercial property. 5124 W Kinzie Avenue is currently listed for $295,000 and was received on June 03, 2026. This property is listed by Anthony Kirkland from our Oak Lawn Office.Want to learn more about 5124 W Kinzie Avenue? Do you have questions about finding other Commercial real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.


