315 S 5th Avenue Save Request In-Person Tour Request Virtual Tour
Maywood,IL 60153
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12396079
Bedrooms 5
Annual Tax Amount $13,356
Tax Year 2023
Lot Dimensions 40X132
Property Sub-Type Two to Four Units
Property Description
This classic brick two-flat is located just south of Madison Street in the heart of historic Maywood. Well-maintained and thoughtfully updated, the property offers immediate cash flow and long-term upside-ideal for investors, house hackers, or owner-occupants seeking flexibility and value. The building spans over 2,100 square feet across two spacious units. The second-floor unit features three bedrooms and one bathroom and was fully renovated in early (2025) with a brand-new bathroom, new kitchen cabinets and countertops, stainless steel appliances, and fresh paint throughout. The first-floor unit includes two bedrooms and one bathroom and is currently leased at $1,600 per month as of June (2024)-providing steady income from day one. Several major updates have already been completed to ensure long-term durability and efficiency. The roof was resealed (2021), and both central AC units were installed that same year (2021). In (2022), both water heaters were newly replaced, and comprehensive tuckpointing was completed across the exterior brickwork. Both units include central air conditioning-a rare and desirable amenity in vintage multi-units. The full unfinished basement offers tall ceilings and significant potential for future build-out or added storage. A large backyard provides ample space for outdoor enjoyment or the addition of a garage. For owner-occupants, this is a prime house hacking opportunity. Living in one unit while renting out the other can offer meaningful financial and tax-related benefits that enhance overall affordability and make long-term ownership more attractive. The property retains its classic brick facade and preserved architectural details, enhancing its curb appeal. Centrally located just minutes from I-290, the Metra station, Loyola Medical Center, local parks, schools, and retail, this property is positioned in a high-demand area with strong rental interest. Whether you're adding to your portfolio or purchasing your first multi-unit, 315 S 5th Ave delivers space, income, and long-term potential.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Unfinished,Full
Interior
Heating Forced Air
Fireplace N
Exterior
View Y/N true
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Stone
New Construction false
Schools
School District 89,89,209
Others
Ownership Fee Simple
Special Listing Condition None