Bring your vision to life with this unique brick multifamily investment opportunity on a prominent corner lot in Chicago's Austin neighborhood. Currently configured as a 4-unit property and situated on two PINs, the building includes a partially finished basement with two additional units. Fully vacant and ready for renovation, this property provides investors and developers with the advantage of immediate access to reimagine, restore, and create value from the ground up. Solid brick construction, corner-lot visibility, and significant value-add potential make this a compelling opportunity to invest in the future. Plant a seed and watch it grow as you unlock the possibilities of this well-positioned asset. Property is being sold as-is. Buyer is responsible for all inspections, due diligence, and verification of all information.
Multi-familyProperty Type
1925Year Built
4,488 sq ftLot Size
Listed by Anthony Kirkland• Coldwell Banker Realty
South Austin, located between Garfield Park and Oak Park, is a residential and commercial Chicago neighborhood with a boulevard-lined streetscape and a legacy of early-20th-century architecture. The neighborhood’s character concentrates along the Madison Street corridor near Austin Boulevard, where corner taverns, longtime eateries, and storefront services keep the sidewalks active. Landmark brick two-flats and classic Chicago bungalows define many blocks, with larger courtyard buildings appearing closer to main arterials. Columbus Park’s prairie-style landscape and lagoons set a calm counterpoint to the busier retail strips. Cultural pillars such as the Austin Town Hall Park fieldhouse and the historic Laramie State Bank building anchor local identity. CTA Green Line stations at Austin and Central connect the area to the wider city.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Bathroom
Bedroom
Interior features
16 total rooms
Partially finished, full basement
Bedrooms
8 bedrooms total
Bathrooms
4 full bathrooms
Heating & cooling
Natural gas heating
Exterior features
Park nearby, curbs, sidewalks, street lights, paved streets
Lot dimensions approximately 127.5 x 35.2
Home design
Two- to four-unit property
Fee simple ownership
Property is over 100 years old
Built before 1978
Construction
Brick construction
Utilities
Public water
Public sewer
Financial info
Special service area: No
Other
Commuter bus and train access; close to interstate
4 units in the building
Additional parcel referenced
Electricity and solar
View estimated energy costs and solar savings for this home
The primary purpose of the RS districts is to accommodate the development of detached houses on individual lots. It is intended that RS zoning be applied in areas where the land-use pattern is characterized predominately by detached houses on individual lots or where such a land use pattern is desired in the future. The Zoning Ordinance includes three RS districts - RS3 - which are differentiated primarily on the basis of minimum lot area requirements and floor area ratios.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Single unit
Housing-Other
Infrastructure
Educational / school
Library
Recreation
Cemetery
Park & open space
Climate risks
8/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 99° expected this year, 14 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
5/10 Air Factor
6 unhealthy days expected this year, 8 days in 30 years
Provided by First Street
Historical weather
Chicago, IL • 60644
Average low and high temperatures (°F)
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80
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69
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52
39
37
24
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Redfin Estimate
$268,033
$6,967 under list price of $275K
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