View All Austin Chicago IL Homes with Studio Above Garage Listings

4 Beds ⋅ 3 Baths ⋅ 12748064 MLS ⋅ PRICE CHANGE Status

Welcome to this well-maintained classic Chicago brick Two Flat in the highly desirable North Austin neighborhood, offering an outstanding opportunity for both investors and owner-occupants. The 1st and 2nd floor provide spacious units that features 2 bedrooms, 1 bathroom, generous living and dining rooms, large kitchens, hardwood floors throughout, and an additional flex room that can serve as a sunroom, walk-in closet, home office, or extra living space, while the finished basement is a studio style unit w/ a kitchen, living area, full bath and front/rear entry and exit. The property also includes a rear deck, private two car garage parking, and separately metered utilities with individual furnaces, water heaters, and utility billing for each unit. The building is fully occupied with Unit 1 leased month-to-month at $1,250, Unit 2 will be vacant upon closing, and the garden unit leased through 3/2027 at $800. Electrical for the entire building was updated in 2025. Austin continues to emerge as one of Chicago's most promising investment corridors, offering affordability, strong rental demand, and convenient access to CTA buses, Metra, parks, schools, shopping, grocery stores, Walmart, Galewood Theatre, fitness centers, and more. Whether you're seeking immediate cash flow with future upside or looking to supplement your mortgage through rental income, this property delivers exceptional long-term potential. Seller and broker do not represent the legality of the garden unit. Don't miss this opportunity to invest in one of Chicago's rapidly appreciating neighborhoods. Selling "As Is"

1810 N Linder Avenue, Chicago

$470,000

6 Beds ⋅ 4 Baths ⋅ 12502951 MLS ⋅ CONTINGENT Status

Investors and house hackers, you'll love this North Austin legal 3-flat with a separately metered studio in-law suite, and a 3-car garage! The first floor is a 3-bed apartment with central air, a front sunroom, and a decorative fireplace. Upstairs, you'll find a 2-bedroom and a large 1-bedroom, both with gas-forced air and cute vintage details. Take advantage of the city's ADU expansion in the large basement unit; a little work would increase your profits. This building has significant rental potential, with up to 5 units. There is nothing else like it on the market today, so come check it out!

5432 W Potomac Avenue, Chicago

$489,000

4 Beds ⋅ 3 Baths ⋅ 12729887 MLS ⋅ ACTIVE Status

Fully remodeled and move in ready HOME just blocks away from the Oak Park neighborhood. This spacious Chicago home offers the perfect blend of modern updates and functional living space, and an oversized lot with an incredible backyard space. This house features 4 bedrooms plus an extra attic space that can be used as an office or studio, 3 full remodeled bathrooms one on each level. The spacious light-filled kitchen features a large center island, marble countertops, and stainless-steel appliances. Upstairs, the second floor offers comfortable bedroom space along with a spacious laundry room conveniently located near the bedrooms. The basement offers additional living space with a bedroom, full bathroom, extra storage and an unfinished area ready to be customized to your own needs. ** Additional highlights include a 2.5 car garage, a large backyard with plenty outdoor space, and skylight windows that fill the home with natural light. Everything has been professionally remodeled with building permits including (updated plumbing, electrical, and a 200 AMP electrical service, new windows, furnace, AC) Ready to move in and enjoy!!

218 N Mason Avenue, Chicago

$799,999

10 Beds ⋅ 4 Baths ⋅ 12657280 MLS ⋅ CONTINGENT Status

A property truly like no other. Step into timeless elegance and modern versatility with this extraordinary Queen Anne Victorian, thoughtfully converted into a sprawling 10-bedroom, 4-bathroom, 2-unit residence. Situated on a tree-lined street in Chicago's vibrant West Side, this one-of-a-kind property blends 19th-century charm with 21st-century comfort, perfect for multigenerational living or a luxury rental portfolio. From the outside, the home's architectural pedigree is unmistakable, but inside, it's a modern masterpiece. Soaring ceilings, curved bay windows, and intricate millwork meet contemporary upgrades throughout. The front living spaces are flooded with natural light due to the dramatic wall of oversized windows, while classic wainscoting and recessed lighting add polish and dimension to the rooms. Each unit is uniquely spacious and flexible, with generously sized bedrooms, updated bathrooms, and expansive entertaining areas. The property also features a brand-new two-car garage with an upper-level loft, ideal for an office, studio, or additional storage. This is not just a home, it's a statement property and there are very few of its kind. 600 N. Pine Avenue offers a rare opportunity to own a piece of Chicago's architectural legacy, reimagined for today's lifestyle.

600 N Pine Avenue, Chicago

$1,298,000

12547781 MLS ⋅ ACTIVE Status

Income producing property. Low taxes. Unique investment opportunity to own this mixed used property. Priced to sell. Situated in North Austin neighborhood with a dense residential community and commercial traffic corridor. Two story brick building on the corner of Chicago and Pine Avenue. Features a total of 22 units and 2 car garage. 14 residential apartments, and 8 commercial units. The 14 residential rental apartments includes 4 apartments with 2 bedrooms; 7 units with 1 bedroom and 3 studio efficiency apartments. Tenants pay electric, gas and electric heat. The main level features 8 separate commercial units. Fenced backyard. With a total projection gross income of 26,375 per month, this property is a true cash flow generator. Large units, desirable layout, and prime income potential - a must-see for serious investors! Sold AS-IS.

759 N Pine Avenue, Chicago

$780,000

12534325 MLS ⋅ CONTINGENT Status

Available for sale is a portfolio of three adjacent builidngs, formally occupied by a funeral home and located in the heart of Chicago's Austin neighborhood. Situated at at the northeast corner of Long and North Avenues, which is a main artery in the North Austin neighborhood. The site features three masonry buildings across eight lots, totaling 0.57 acres, with a mix of commercial, residential, and garage/shop space. Existing improvements include the corner property which is a two-story mixed-use building plus a basement. The unit mix includes chapel, one, one-bedroom apartment, four studio apartments and a detached garage. The middle property is a one story, part-two story building with a partial basement. The mixed-use property has the funeral home on the first floor and a three-bedroom apartment on the second floor. The third building is a single-story commercial property that consists of office space and a garage/shop area. Positioned along a major West Side corridor, the Austin neighborhood provides strong demographics, high traffic, and convenient access to North Avenue, Central Avenue, I-290, and nearby CTA transit options. With ongoing revitalization and emerging local businesses, this signalized corner at North and Long Avenues offers exceptional visibility and is well-suited for redevelopment, repositioning, or multitenant leasing-an attractive opportunity for investors seeking value and long-term growth.

5338-58 W North Avenue, Chicago

$380,000

5 Beds ⋅ 4 Baths ⋅ 12497578 MLS ⋅ CLOSED Status

Meticulously maintained 2-flat right in the heart of Austin! In addition to the 2 spacious units upstairs, this building has 2 more studio units in the basement, so 4 all together! Upstairs are two spacious units with open floor plans, hardwood floors, and 9' ceilings. Each upstairs unit offers a large kitchen with eat-in table space, separate living and dining rooms, and generously sized bedrooms with ample closet storage. 2nd floor unit has 3 bedrooms. Both units include an enclosed back porch providing washer, dryer and a storage area. Additionally, the finished basement has 2 studio in-law arrangement units. Additional highlights include a two-car garage, and a spacious backyard. Upstairs tenants are responsible for central heat and electricity, ensuring lower owner expenses. "Total annual income" is with the 3 units that are currently rented; the "Gross Income" would be the income with the 4th studio unit rented. Seller is leaving the 4th unit vacant in case you want it for yourself. The current rents are lower than the market rent in the area, so the property has increased income potential for the future! Conveniently located just two miles from the Village of Oak Park. and nearby schools, parks, shopping, dining, and entertainment. Close to interstate access, commuter trains, and bus routes. Schedule a showing and make it your new investment property and/or your new home today!

5415 W Augusta Boulevard, Chicago

$475,000

7 Beds ⋅ 3 Baths ⋅ 12413130 MLS ⋅ CLOSED Status

Well maintained brick 3 flat building. 1st floor unit has hardwood floors, living Rm/Dining Rm. combo, updated bath, 3 large bedrooms and a 21'X10' eat-in kitchen. 2nd floor unit living Rm/Dining Rm. combo, 3 spacious bedrooms and enclosed back porch. Basement studio with bathroom. Building features: newer hot-water tanks, sump pump, windows, gutters, tuck pointing, some newer appliances. Patio in back yard and detached 2 car garage. Building is good condition but being sold "As Is".

1351 N Latrobe Avenue, Chicago

$415,000

3 Beds ⋅ 3 Baths ⋅ 12379631 MLS ⋅ CLOSED Status

MULTIPLE OFFERS RECEIVED-BEST AND FINAL OFFERS ARE DUE ON 6/28 BY 2PM. Striking Turn-of-the-Century Charmer with Massive Outdoor Space! Set on an oversized lot, this beautiful three-story home blends timeless character with thoughtful updates. The expansive yard offers incredible outdoor living opportunities rarely found in the city. Step into the inviting enclosed front porch-perfect for relaxing or chatting with neighbors. Inside, you're welcomed by a spacious double living room with soaring ceilings and large (newer) windows that fill the space with natural light. The formal dining room connects seamlessly to the sunny, updated kitchen, featuring newer white cabinetry, quartz countertops, stainless steel appliances, a farmhouse sink, and a built-in snack table. Enjoy beautiful western views overlooking the huge yard as you cook or entertain. A stylishly updated powder room completes the main level. Upstairs, the second level offers three comfortable bedrooms and a unique, split-layout bathroom-perfect for busy mornings. The third level is a flexible space that can serve as a fourth bedroom, office, meditation room, or creative studio. There's even a walk-in storage area for added convenience. The lower level has been recently finished and features a drain tile system, an additional full bath, a mini kitchen, and flexible space ideal for guests, recreation, or hobbies. Outdoor enthusiasts will fall in love with the two-level deck, patio areas, and abundant gardening space-all fully enclosed for privacy. A newer two-car garage rounds out this exceptional property. All of this is set in a convenient location just steps from beautiful parks, public transportation, and an array of restaurants less than a mile away. With numerous recent improvements (see Additional Information tab), this home offers unbeatable space and value!

124 N Mayfield Avenue, Chicago

$449,000

4 Beds ⋅ 4 Baths ⋅ 12338664 MLS ⋅ CLOSED Status

New Price! Best deal on the market! Just a short distance to Oak Park with an impressive price tag, this stunning fully remodeled multi-level estate offers unmatched luxury and convenience. Situated on a fully fenced lot, this four bedroom three and half-bathroom masterpiece boasts an open and modern layout, perfect for entertaining. This property features premium finishes, full architectural plans and city permits making it a true turnkey home. 5337 W. Monroe is absolutely stunning upon arrival. The exterior gleams with BRAND NEW hardie board siding with stone accents creating unique curb appeal. Enjoy the oversized porch with custom exterior lighting offering the perfect space for relaxation. Enter into a breathtaking open floor plan featuring luxury white marble porcelain flooring, a beautiful custom fireplace with dimmable recessed lighting as well as beautifully crafted wainscoting throughout, adding a touch of timeless sophistication. Designed to impress, the kitchen is a culinary masterpiece with stunning quartz countertops, 42 inch European soft close cabinets and waterfall backsplash. The grand quartz island is the centerpiece of the kitchen complimented by a double oven and brand new stainless steel smart Samsung appliances. This newly built gem checks all boxes.The fully finished basement extends your living space with an additional full bathroom and laundry room. New Roof, New Tankless water heater, New furnace, Brand New garage, double exterior decks, landscaped backyard, New plumbing and electrical and fully fenced yard all with City of Chicago permits. Seven minute drive away from Stevenson Park; featuring skate park, basketball, and fitness studio! Only 12 minutes away from downtown Oak Park; Whole Foods Market, Target, Cooper's Hawk Winery & Restaurant, Starbucks, and so much more!

5337 W Monroe Street, Chicago

$614,000

12289427 MLS ⋅ CLOSED Status

7-Unit Multifamily Investment in Austin - Value-Add Opportunity! This well-maintained 7-unit brick building, built in 1921, overlooks Levin Park and playground and offers immediate upside with minimal work needed to bring rents to market value. The property includes five 2-bed, 1-bath units, one 1-bed, 1-bath garden unit, and a large studio with condo-quality finishes and a private deck. Each unit has tenant-paid HVAC and hardwood floors. Additional features include a detached 4-car garage, backyard, deck, and a large dry basement for storage. *** With an in-place cap rate of 6.7 and current annual gross income of 69,876, this property has a pro forma cap rate of 12.1 with potential income reaching 102,000. Legacy tenants average rent approx 970/month, while market rents for similar 2-bed units in Austin are 1,474 per MLS. A recent lease (May 2024) at 1,300 (including a garage space) highlights rental upside. *** The vacant studio unit (~1,200 sq. ft.), originally a 2-bed, 1-bath, has been upgraded and includes a private outdoor deck. A new owner can rent it as a studio or convert it back for higher income.*** The building features two separate entryways and staircases for north-side units (420 & 422) and a shared rear staircase on the south side. Immediate cash flow potential exists by renting the vacant studio and reducing insurance costs.*** Ideal for investors looking to expand their portfolio or start in multifamily real estate. Property sold as-is. Proof of funds required.

420 N Pine Avenue, Chicago

$435,000

3 Beds ⋅ 2 Baths ⋅ 12087748 MLS ⋅ CLOSED Status

Welcome Home to this stunning Georgian in beautiful Galewood! This home has been lovingly updated and cared for, and the floorplan has amazing flexibility! Enter the home and admire the spacious living room with crown molding and a decorative fireplace. Next, you will come upon a chef's kitchen, complete with luxury stainless steel appliances, bamboo cabinets and quartz countertops, including an oversize island that will be the hub of family activity! The kitchen opens into the dining room--chat with your guests while you cook! Through the dining room, we enter a sun-filled family room--a perfect space to relax and hang out, and it opens to the oversized deck with pergola! Step off the pergola into the backyard, complete with brick patio, and loaded with perennials. The large garage with additional storage is such a plus! Back at the house, the family room could also be used as a home office, a homework or play area, or even a guest room. A stunning powder room with Moroccan style tiles completes the first floor. Upstairs, there are three bedrooms - the whole family can be on the same floor! Each BR features a ceiling fan and nice sized closets. The upstairs also features a main bathroom and a generous linen closet. The piece de resistance is the Master bedroom: two oversized rooms, two closets, a perfect retreat! Let your imagination run free with the possibilities: is the second room an office? a studio? a dressing room? a private sitting room? We have it staged as the perfect home office, but it's your choice! The basement is finished with tile flooring, a nice recreation area, lots of storage, and a nice, big laundry room. The home has been well maintained and updated, and there is really nothing to do but move in and enjoy! Fireplace may have been woodburning previously, sellers never used it as anything but decoration. Please see addendum with dates of mechanicals and upgrades. Quick closing possible!

1851 N Natoma Avenue, Chicago

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Austin, Chicago IL · Curated MLS Search

Homes with Studio Above Garage in Austin, Chicago IL

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