5318 S Kenneth Avenue, Chicago, IL
  • $715,000
  • $759,000

Description

Recently completed updates and a complete transformation make this turn-key 3-unit building feel almost brand new and completely move-in ready. The property has successfully passed PLUMBING, HVAC, and ELECTRICAL city inspections. Major improvements include a brand-new electrical system (2026), first floor furnace and A/C (2024), all new copper plumbing throughout all three units (2025), new heating pipes (2025), new decks for the first and second floor units, and a new thermostat on the second floor. The building has also been freshly painted throughout, including the decks, and all units feature new fire-rated front doors. New electrical smoke and carbon monoxide detectors were installed in 2025, offering added safety and peace of mind. Tucked away on a quiet residential street, this fully updated property offers excellent rental income potential and flexibility for both investors and owner-occupants. Whether you choose to live in one unit and rent the others or lease all three, this property is designed for low-maintenance ownership and strong long-term value. The owner’s duplex is a standout, featuring 3 bedrooms, 3 bathrooms, and over 2,400 square feet across two spacious levels with two separate entrances. The second and third floor units each offer oversized 2 bed / 2 bath layouts with more than 1,200 square feet of living space, giving tenants the comfort and feel of newer construction. The finished English basement with 7-foot ceilings adds versatile extra living space, ideal for an in-law arrangement, recreation area, or extended living setup. Building comes with 3 parking spaces. Located just minutes from Midway International Airport and within walking distance to the CTA Orange Line, this property offers the perfect combination of modern updates, spacious layouts, and commuter-friendly convenience.

  • Listing Courtesy of: Baird & Warner

Details

Updated on June 28, 2026 at 9:29 pm
  • Property ID MRD12629821
  • Price $715,000
  • Bedrooms 7
  • Year Built 2007
  • Property Type Multi Family
  • Property Status Active
  • Parking Total 3
  • Parcel Number 19103240921001
  • Water Source Lake Michigan,Public
  • Sewer Public Sewer
  • MLS Status Active
  • Co List Agent MLS ID MRD30455
  • Days On Market 54
  • Cumulative Days On Market 722
  • Tax Annual Amount 12370
  • Heating Natural Gas
  • Parking Features Unassigned,Off Alley,Yes,Other
  • Directions turn right on S ArcherAve, turn left on S Kostner Ave, make right on 53rd St., and turn left onto S Kenneth Ave
  • Address 5318 S Kenneth Avenue
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60632
  • Country United States

Overview

Property ID: MRD12629821
  • Multi Family
  • Property Type
  • 7
  • Bedrooms
  • 2007
  • Year Built

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