Opportunity awaits with this classic Greystone 4-unit building on Chicago's West Side. Just steps from a beautiful park, near public transportation, and minutes from the I-290 expressway for a quick commute downtown, this property is ideally located in a community on a strong upswing. The building was rehabbed several years ago with updated kitchens, baths, electrical, and separate heating systems. It is currently vacant and needs some repairs after tenant move-outs, offering investors the flexibility to reposition it for maximum return. The property also features a high-ceiling walk-out basement, providing additional potential for value-add improvements. Highlights: 4-unit Greystone building The prime location is near public transportation, I-290, and downtown Chicago. Steps from the neighborhood park Previously rehabbed: updated kitchens, baths, electrical, and separate heating. Vacant and ready for an investor vision Strong potential for rental income or condo conversion
Active
Price cut: $100K (9/23)
$399,000
3838 W Gladys Ave, Chicago, IL 60624
8beds
--sqft
Est.:
Multi Family
Built in 1906
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Separate heating systemsUpdated kitchensBeautiful park
- 105 days |
- 262 |
- 12 |
Zillow last checked: 8 hours ago
Listing updated: October 26, 2025 at 10:07pm
Listing courtesy of:
La Shawn K. Ford, ABR,CRS 773-416-4663,
Ford Desired Real Estate LLC
Source: MRED as distributed by MLS GRID,MLS#: 12465099
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas
Features
- Basement: Finished,Partially Finished,Full,Walk-Out Access
Property
Parking
- Total spaces: 2
- Parking features: On Site
Details
- Parcel number: 16141090200000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stone
Condition
- New construction: No
- Year built: 1906
- Major remodel year: 2022
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Annual tax amount: $2,540
- Date on market: 9/6/2025
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/21/2025 | Listed for sale | $399,000 |
Source: | ||
| 9/25/2025 | Contingent | $399,000 |
Source: | ||
| 9/23/2025 | Price change | $399,000-20% |
Source: | ||
| 9/6/2025 | Listed for sale | $499,000 |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$2,659/mo
Principal & interest
$1894
Property taxes
$625
Home insurance
$140
Climate risks
Neighborhood: East Garfield Park
Nearby schools
GreatSchools rating
- 3/10Melody Elementary SchoolGrades: PK-8Distance: 0.2 mi
- 1/10Marshall Metropolitan High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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