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$429,900 Contingent

  • For Sale
  • Contingent
  • Multi-Family
  • 9 Total Beds
  • 2 Car Garage
  • Updated 10 days ago
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TALE OF THE TAPE: 5724 W. Lake Street is a massive 9/3 2-unit located in super-hot West Austin; on the precipice of Oak Park! This jumbo 2-flat sits on an over-sized 40' x 177' lot and has a 3/1 simplex on the first floor and a large 6/2 duplex up. The property has recently been fully upgraded and needs only light cosmetic work to be put back into service! Patch & paint, refinish hardwood floors, clean and you're good to go! There are two newer GFA/ACs and hot water heaters, in-unit and basement laundry and a brand new 2-car garage plus parking pad in the rear. This property is perfect for the live-in owner looking to defer occupancy costs or an astute investor. Area comps support $550K and GPI of over $4,000 per month...that's a stout 10 cap!

Full Property Details for 5724 W Lake St

General

  • Price: $429,900
  • Taxes: $5,486 (2023)
  • Status: Contingent
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12530629
  • Updated: 1/8/2026
  • Added to Site: 37 day(s) ago

Interior

  • Basement: Unfinished

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 9

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Garage

Location

  • Area: CHI - Austin
  • County: Cook
  • Township: West Chicago
  • Driving Directions: LAKE ST. EAST OR WEST TO SUBJECT

School Information

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

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Construction: Frame
  • Exterior Const.: Frame
  • Basement: Yes
  • Basement Desc.: Unfinished, Full, Daylight
  • Foundation: Concrete Perimeter
  • Built Before 1978: Yes
  • Remodeled/Updated: 2010

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 40 x 177

Financial Considerations

  • Tax Amount: $5,486
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 16082260180000

Listed by Chicago Real Estate Authority

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— 5724 W Lake St —

  • Chicago Real Estate Authority

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NMLS#: 1598647

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NMLS#: 1598647

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

Schools serving 5724 W Lake St

School District:Chicago Public School District 299
NameGradesDistance
Ellington Elementary School
243 North Parkside Avenue, Chicago, IL 60644
PK-80.2 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 5724 W Lake St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/17/2025
Price Reduced
$429,900
-9.49%
MLS
12/12/2025
Listed
$475,000
—
MLS
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 5724 W Lake St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,486
3%
$26,000
—
2022
$5,348
17%
$26,000
—
2021
$4,559
26%
$26,000
35%
2020
$3,607
-3%
$19,296
-12%
2019
$3,717
2%
$21,928
—
2018
$3,653
-7%
$21,928
1%
2017
$3,944
-9%
$21,695
—
2016
$4,345
9%
$21,695
—
2015
$3,976
9%
$21,695
10%
2014
$3,663
2%
$19,745
—
2013
$3,591
1%
$19,745
—
2012
$3,543
—
$19,745
—
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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5724 W Lake Street, Chicago, IL 60644 (MLS# 12530629) is a Multi-Family property with 2 units containing 9 bedrooms and 0 full bathrooms. 5724 W Lake Street is currently listed for $429,900 and was received on December 12, 2025. Want to learn more about 5724 W Lake Street? 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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