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$565,000
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Property Description
Want $56,000+ of annual cash flow without the headache of replacing electric and plumbing to get there? Welcome to 1337 S Austin, a MASSIVE, condoquality 2flat on the Cicero/Oak Park border, just minutes from Berwyn, Oak Park, and the Blue Line. This is a true, fully permitted gut rehab: allnew plumbing, electrical, windows, appliances, fixtures, cabinetry, and concrete work inside and out. Each unit offers over 1,500 sq ft with gleaming hardwood floors, designer lighting, an elegant electric fireplace, oversized bedrooms with great closets, and separate living, dining, and family/media rooms-perfect for entertaining or working from home. Kitchens are showpieces with premium cabinetry, breakfast nooks, and brandnew appliance packages. Spastyle baths feature dual vanities, fogfree Bluetooth mirrors, and sleek modern finishes. Smart features include a twoway audio/video intercom, inunit laundry (exclusive washer/dryer in the basement), and highefficiency central HVAC. Both units are currently rented at $2,350/month (tenants pay all utilities except water), generating approximately $56,400 in annual income and a solid cap rate at list price, with room to push rents higher. The lower level already has bathroom plumbing/fixtures and wideopen space-offering excellent potential for a future third incomeproducing unit or extended living (buyer to verify zoning/permitting). Outside, enjoy a newly poured concrete patio and walkways, plus a garage space with wallmounted storage and easy street parking. Turnkey, highincome opportunity for investors or owneroccupants looking for a lowm
Full Property Details
Full Property Details for 1337 S Austin Blvd
General
- Price: $565,000
- Taxes: $9,811 (2023)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12521081
- Updated: 1/17/2026
- Added to Site: 103 day(s) ago
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 2
- Upper - Full Baths: 2
- Bathroom Features: Double Sink, Soaking Tub
Bedrooms
- Total Bedrooms: 5
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Garage
Location
- Area: Cicero
- County: Cook
- Township: Cicero
- Driving Directions: South on Austin Blvd from I-290 to 1337
School Information
- School District: 99
- Elem School District: 99
- Midd School District: 99
- High School District: 201
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
- Trash: 1
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Unfinished, Full
- Foundation: Concrete Perimeter
- Roof: Rubber
- Year Built: 1926
- Built Before 1978: Yes
- Remodeled/Updated: 2024
Unit Information
- Units in Building: 2
Lot Features
- Lot Size (Acres): 0.09
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 4092 square feet
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $3,951
- Parking Included: Yes
- Assessment Year: 1926
- Tax Amount: $9,811
- Tax Year: 2023
- Pays Trash: 1
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 16202080110000
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Schools
Schools serving 1337 S Austin Blvd
School Districts:Cicero School District 99, J. Sterling Morton High School District 201
| Name | Grades | Distance |
|---|---|---|
Daniel Burnham Elementary School 5900 West 14th Street, Cicero, IL 60804 | K-2 | 0.1 mi |
J Sterling Morton Freshman Center 1801 South 55th Avenue, Cicero, IL 60804 | 9- | 0.8 mi |
Unity Jr High School, Cicero, IL 2115 South 54th Avenue, Cicero, IL 60804 | 7-8 | 1.1 mi |
J Sterling Morton East High School 2423 South Austin Boulevard, Cicero, IL 60804 | 10-12 | 1.1 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 1337 S Austin Blvd
Date
Details
Price
Change
Source
1/11/2026
Price Reduced
$565,000
-1.74%
MLS
12/18/2025
Price Reduced
$575,000
-0.86%
MLS
11/20/2025
Listed
$580,000
73.13%
MLS
6/28/2023
Sold
$335,000
—
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 1337 S Austin Blvd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$9,811
39%
$28,999
30%
2022
$7,038
—
$22,272
—
2021
$7,026
—
$22,272
—
2020
$7,004
30%
$22,272
29%
2019
$5,384
3%
$17,208
—
2018
$5,241
-12%
$17,208
-10%
2017
$5,929
20%
$19,033
31%
2016
$4,930
3%
$14,555
—
2015
$4,769
3%
$14,555
—
2014
$4,639
-20%
$14,555
-13%
2013
$5,813
4%
$16,698
—
2012
$5,594
—
$16,698
—
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 1337 S Austin Blvd
1337 S Austin Boulevard, Cicero, IL 60804 (MLS# 12521081) is a Multi-Family property with 2 units containing 5 bedrooms and 0 full bathrooms. 1337 S Austin Boulevard is currently listed for $565,000 and was received on November 20, 2025. Want to learn more about 1337 S Austin Boulevard? Do you have questions about finding other Multi-Family real estate for sale in Cicero? You can browse all Cicero real estate or contact a Coldwell Banker agent to request more information.

