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Corner Brick Legal Two-Flat with Basement Unit
For Sale
Under Contract
$469,999

1654 N Austin Avenue, Chicago, IL 60639

MULTI_FAMILY - Chicago, IL

Days on Market26

Property Features for 1654 N Austin Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Basement, Bedroom 1, Den, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 4
Parking 2
Parking features Garage, Open
Basement Full, Finished
Elementary school district 299
Middle school district 299
High school district 299
Directions North Ave to Austin Ave north to address.
Subdivision CHI - Austin
Standard status Active Under Contract
APN 13323210150000

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 7554

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Water source Public

Building Details

Year built 1918
Building materials Brick
Roof type Flat
Listing Agency: RE/MAX Premier · RE/MAX International
Listed By: Krystal Corley · License #475161786
Added: Jul 9 Changed: Aug 1 Last Checked: Aug 3 at 12:06AM
MLS# 12700930

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This solid corner brick building is a legal two-flat with an additional basement unit. It currently features three fully rented units, each with two bedrooms and one bathroom. The first and second-floor units include wood flooring and updated kitchens with newer appliances, supporting straightforward day-to-day occupancy.

Zoned MULTI, the property is located on the border of the Galewood and Austin neighborhoods. Public remarks indicate it is about 5 minutes from Downtown Oak Park, with convenient access to restaurants, shopping, entertainment, parks, and public transportation, plus easy access to major expressways for commuting.

The building was constructed in 1918. Heating is provided via forced air systems with natural gas. The roof is flat, and the property connects to public water and public sewer. Parking is available with a garage and open spaces.

Key Highlights

  • Legal two‑flat plus additional basement unit, zoned MULTI
  • Three fully rented units with two bedrooms and one bathroom each
  • Corner brick exterior with wood flooring on first and second floors

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Computer & Electronic Repair Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,142
Businesses Nearby

Demographics for 60639, IL

89,543
Population
28,656
Households
3.1
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
5.0 sq mi
ZIP Area
17,909
Density / Sq Mi
$59,710
Median Household Income
$34,846
Median Earnings
$1,212
Median Rent
$289,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Legal two-flat with additional basement unit; three fully rented 2-bedroom, 1-bath units in a brick building.
Where is this triplex located?
The property is located at 1654 N Austin Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $469,999.
What are key features of this property?
This property features: Legal two‑flat plus additional basement unit, zoned MULTI; Three fully rented units with two bedrooms and one bathroom each; Corner brick exterior with wood flooring on first and second floors
More about this property
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