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$499,000
Est. payment /mo
12 Beds
4 Baths
Open House
Sat May 16, 10:30am - 12:30pm
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Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12638557
Bedrooms 12
Year Built 1922
Annual Tax Amount $6,830
Tax Year 2024
Lot Dimensions 50x125
Property Sub-Type Two to Four Units
Property Description
Rarely available Austin 4-flat with strong income potential and substantial capital improvements throughout the years. Property appraised at $500,000 in July 2023. Recent unit updates include a 2025 rehab of Unit 1E and a 2022 rehab of Unit 1W. Major building improvements include a rubber roof installed on both the building and garage in 2015, with maintenance touch-ups completed in 2021, and a rear porch rebuilt to code in 2013. The property features individual furnaces for each unit and the basement, installed in 2004, with the furnace in Unit 2E replaced in 2010. All furnaces are serviced annually, and tenants pay for their own heat. Additional improvements include the replacement of all 72 windows with high-efficiency double-pane Low-E aluminum windows; a 75-gallon water heater installed in December 2022; copper plumbing added on the west side and part of the east side of the building in 2006; and sewer lines repaired with a new liner in 2026, which includes a limited warranty. Two two-car garages generate an additional $100 per garage per month ($200 total), bringing the property's total monthly income to approximately $5,250. Note: Only one of the two garages is currently rented. Unit 1W is leased through Section 8. Unit 2W is rented below market value in exchange for tenant assistance with building maintenance. Property is sold AS-IS.
Location
State IL
County Cook
Area Chi - Austin
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Spaces 4.0
Roof Type Rubber
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Debra Taitel of Baird & Warner
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Rich Ayers
Team Lead | Realtor | License ID: 471.001732
Team Lead | Realtor License ID: 471.001732