Active Under Contract Multi-Family MLS# 12780662

5047 W CHICAGO Avenue

Chicago, IL 60651

$229,900

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About 5047 W CHICAGO Avenue

Fantastic investment opportunity in Chicago's Austin neighborhood! This solid 2-flat features two well-proportioned units, Unit 1 boasts 3 bedrooms, 1 bathroom; Unit 2 offers 2 bedrooms, 1 bathroom. Large rear yard offering plenty of outdoor space, complete with a dedicated rear parking pad for off-street convenience. Conveniently situated near public transportation, major thoroughfares, local parks, and shopping, offering high tenant demand and solid rental potential. Currently tenant-occupied on a flexible month-to-month basis, offering immediate rental income upon closing or room for full repositioning. Bring your updates and ideas to maximize market rents in a rapidly developing location near public transportation, local schools, and major roadways. Room counts and sizes are estimates. Sold AS-IS. Real estate taxes prorated. Seller will not provide survey or disclosures. Tenant occupied on a month-to-month lease; please do not disturb tenants. Showings require 24-48 hour advance notice. All buyers must submit proof of funds or a pre-approval letter with offers. Terms & Conditions: Sold in AS-IS condition. Seller will provide no surveys nor disclosures, and real estate taxes will be prorated. Bring your buyers and investment strategies today!

Property details

Property

Type
multi
Year built
1888
List date
Oct 8, 2026

Schools

District
Chicago Public School District 299

Location

Subdivision
Austin
Neighborhood
Austin

Location

Neighborhood
Austin
School district
Chicago Public School District 299

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Listed by Michael Olszewski, Area Wide Realty

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.