Home Details for 315 S 5th Avenue

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.

• Basement

  • Unfinished
  • Full

• Heating Information

  • Forced Air

• Water Features

  • Public

• Parking

  • Other