This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/21
5521 W Gladys Avenue, Chicago, IL 60644
$720,000
5521 W Gladys Avenue, Chicago, IL 60644View this property at 5521 W Gladys Avenue, Chicago, IL 60644
5521 W Gladys AvenueChicagoIL60644
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/21
Property Description
Investment Opportunity! This 8-unit property is a cash cow, generating $8,457 in monthly gross income. Consisting of four 2-bed, 1-bath units and four 1-bed, 1-bath units, all currently occupied by CHA Section 8 tenants, ensuring a steady, government-backed income stream. Each unit features separate utilities and gas forced air. Well-maintained and situated in a prime location. Don't miss this chance for a reliable investment in a thriving area!
Full Property Details
Full Property Details for 5521 W Gladys Ave
General
- Price: $720,000
- Taxes: $8,320 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 11942380
- Updated: 12/11/2023
- Added to Site: 148 day(s) ago
Parking
- Total Spaces: 4
Location
- Area: CHI - Austin
- County: Cook
- Township: West Chicago
- Driving Directions: I-290 West to Exit 24A - Laramie Right onto S Laramie Ave Left onto W Gladys Ave
Heating & Cooling
- Heating Type: Forced Air, Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Stories/Levels: 2
- Current Bldg. Use: Multi-Family
- Year Built: 1965
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 8
- Units w/Range/Oven: 8
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,200
- Lot Dimensions: 6200
- Frontage: City Street
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1965
- Tax Amount: $8,320.65
- Tax Year: 2022
- Tenant Pays: Electricity, Heat, Hot Water
Disclosures and Reports
- Property ID: 16161140580000
Listed by YBRS Realty Inc.
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 5521 W Gladys Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
512 S Lavergne Ave, Chicago, IL 60644 | PK-8 | 0.7 mi | |
231 N Pine Ave, Chicago, IL 60644 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5521 W Gladys Ave
Date
Details
Price
Change
Source
12/05/2023
Listed
$720,000
138.41%
MLS
11/30/2017
Sold
$302,000
—
Public Record
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 5521 W Gladys Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$8,321
2%
$40,454
—
2021
$8,135
21%
$40,454
34%
2020
$6,728
-15%
$30,200
-23%
2019
$7,873
32%
$39,186
30%
2018
$5,966
-15%
$30,200
-7%
2017
$7,002
7%
$32,525
—
2016
$6,514
9%
$32,525
—
2015
$5,960
-36%
$32,525
-35%
2014
$9,263
2%
$49,926
—
2013
$9,080
1%
$49,926
—
2012
$8,959
—
$49,926
—
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 5521 W Gladys Ave
5521 W Gladys Avenue, Chicago, IL 60644 (MLS# 11942380) is a Commercial property. 5521 W Gladys Avenue is currently listed for $720,000 and was received on December 05, 2023. Want to learn more about 5521 W Gladys 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.