5449-51 W. Quincy Street

This 12-unit multi-family property in Chicago’s South Austin neighborhood presents a prime value-add opportunity for savvy investors looking to capitalize on the city’s robust rental market.

Executive Summary

The building features (12) spacious 2-bedroom/1-bathroom units with well-designed layouts, offering ample living space that appeals to a wide range of tenants. Each unit is primed for light rehabilitation, allowing new ownership to enhance interiors and boost rental potential through strategic upgrades. The property’s solid structure is a standout feature, with a sound foundation and well-maintained masonry exterior in excellent condition, ensuring long-term durability and low maintenance costs. This sturdy construction provides a reliable base for renovations, making it an ideal canvas for investors aiming to maximize value. With significant potential for increased cash flow through effective management and targeted improvements, this property is perfectly positioned for those seeking to unlock its full potential in Chicago’s dynamic multi-family market.

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Property Highlights

  • Construction: Built in 1920

  • Condition: solid structure with a well-maintained masonry exterior

  • Investment Potential: significant value-add opportunity through targeted upgrades and effective management

 

Offering Terms & Property Details

  • 5449-51 W. Quincy Street Chicago, IL 60644

  • $1,200,000

  • $100,000

  • 12 Units :

    (12) 2 bedroom / 1 bath

  • Urban Chicago

  • South Austin Chicago

Garfield Park Conservatory

 
 

Neighborhood Highlights

Austin, on Chicago’s West Side, is a historic neighborhood known for its tight-knit community and rich cultural heritage. Featuring tree-lined streets and classic Chicago bungalows, it offers a blend of urban and suburban vibes. Key highlights include the proximity to the expansive Columbus Park and the Garfield Conservatory. With a diverse population, Austin hosts lively community events and is home to cultural landmarks like the Austin Town Hall. Ongoing revitalization efforts are enhancing its appeal, making it a dynamic area with deep roots and a promising future.

Location Benefits:

  • Proximity to Downtown: 7.6 miles west of downtown Chicago and down the street from Oak Park

  • Transportation: Central Station (Green line) 0.7 miles away, Austin Station (Blue line) 0.9 miles away; easy access to major highways

  • Airports: Chicago Midway International (7.9 miles, 20 minutes); O’Hare International (13.5 miles, 45 minutes)

  • Amenities: 3 shopping centers within 1.5 miles; popular fast-food chains and local dining

  • Parks: 5 parks within 2.3 miles, including the 135-acre Columbus Park with a fitness center, bike paths, 9-hole golf course and more

Unit Features

  • Residential Units: 12 total units

    • 12 two bedroom / 1 bath

  • Well-designed spacious floor plans

  • 2 bed square footage 910(±)

 
 

RENTAL PROPERTY

ANALYSIS REPORT